In-country analyst the AECEA has speculated the authorities could be ready to wipe the slate clean for the start of the nation’s 14th five-year plan on January 1. The analyst has raised its solar expectations for the year but noted the sky-high price of polysilicon remains a concern for developers.
Polysilicon maker GCL-Poly has started construction of a factory with an annual production capacity of 54,000 MT as Chinese inverter manufacturer Goodwe launched an IPO on the Shanghai stock market.
The Saudi power company has named the lenders which will finance the latest stage of the gargantuan, 5 GW Mohammed bin Rashid Al Maktoum Solar Park, for an estimated $564 million.
Plus, details have been revealed of a 2 MW/2.5 MWh grid scale storage demo project in Switzerland and for a peer-to-peer renewable energy certificate marketplace in Southeast Asia.
Plus, analyst WoodMac says a fall in the cost of power generation in Japan during the public health crisis will help drive renewables investment and the Indian government has relaxed borrowing rules for its financially crippled electric utilities.
Plus, some 5 GW of solar could be heading to Botswana and Namibia and news of a new automotive fuel cell building in Ulm, Germany.
Chinese polysilicon manufacturer Daqo has secured a long-term supply agreement with PV equipment provider and monocrystalline wafer manufacturer Wuxi Shangji Automation, Shanxi Coal International Energy Group has unveiled a plan to set up a 10 GW heterojunction solar cell production fab and Longi has held its wafer prices.
There was rare good news for the remaining independent shareholders of the state-controlled solar developer, as the overdue 2019 figures were finally published, with new auditor PwC shaving almost $15 million off a near-$540 million loss.
Taiwanese cell manufacturer Inventec Solar reportedly halted production this month and Ireland is preparing to remove rooftop solar panel restrictions, according to the Irish Independent.
A nation famous for high electricity prices has seen power costs fall 15% this year, according to analyst Wood Mackenzie, a figure which will help attract $100 billion of solar and wind investment to 2030. Renewables will have to work even harder, however, to displace fossil fuels in hydrogen production.
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