In what marks another major PV project announcement for Vietnam, the Germany-based company will supply equipment for a 258 MW PV system, and commission it upon its completion, scheduled for mid-2019.
The German PV home storage provider delivered around 1,500 solar batteries globally last month. At around 75%, most systems went to Germany, Austria and Switzerland.
At a creditors’ meeting, important decisions have been made regarding the future of the ailing German solar module manufacturer. The creditors have decided to discontinue the loss-making business at the end of September, providing no investor can be found by then.
Currently, new anti-dumping proceedings against solar glass makers from Malaysia are taking place in the EU. Imports of Chinese solar glass have been subject to high anti-subsidy and anti-dumping duties since 2014. The European module manufacturers fear further massive competitive disadvantages and the danger of an Interfloat monopoly in Europe.
According to numbers released by German association BDEW, in the first half of the 2018, renewables contributed 36.3% to gross electricity generation, while PV increased its share to 7.3%. Furthermore, the association said that the market-driven, phased exit from coal-fired power generation is already in full swing.
The Chinese battery manufacturer has said it will establish a fab in Germany’s Thüringen with an annual capacity of 14 GWh. The battery cells will be primarily produced for the electric vehicle (EV) industry. Up to 600 jobs are expected to be created. In related news, BMW has entered a €4 billion long-term partnership with CATL.
TS Group GmbH has taken over the entire business of the insolvent PV manufacturer. All of the German company’s 130 workers will continue to be employed. Production of cadmium telluride thin film PV modules at the Bitterfeld-Wolfen site, near Berlin, will continue.
The Taiwanese analysts expect that overcapacity will force some solar players to abandon their business or file for bankruptcy. IHS Markit also sees further price declines and consolidation in the third quarter, although it does forecast signs of a speedy recovery.
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