REC Silicon posts revenue increase for Q4 2017
Norwegian headquartered manufacturer, REC Silicon has posted revenue of $78 million for the fourth quarter of 2017, a 3.4% increase over the previous quarter’s $75.5 million. The company also increased its EBITDA to $10.3 million, up from $3.6 million the previous quarter.
South Korean state energy firm plans 100 MW floating PV project
Korea Hydro & Nuclear Power signs memorandum of understanding with solar developer, Hwaseong Solar Energy to construct what would be nation’s largest floating solar farm on western coast.
Analysis: Longi mono wafer expansion plans could yield H2 oversupply
Independent solar analyst, Corrine Lin believes that Longi’s plans to triple monocrystalline wafer production capacity to 45 GW by 2020 could trigger an oversupply problem in the second half of this year.
Europe added 8.61 GW of solar in 2017 with Turkey taking top spot
Annual growth of 28% on 2016’s performance points to promising future as Turkey’s 1.79 GW saw the nation overtake Germany as Europe’s most dynamic solar market. Former shining star, the U.K. slinks away from top table after shrinking 54%.
EU, China request consultation with US over solar tariffs, WTO filing shows
Following the introduction of 30% graduated tariffs on imported solar modules into the U.S., the European Union and China have joined South Korea and Taiwan in filing a complaint with the World Trade Organization.
Wind giant Vestas taps solar, storage markets for hybridization drive
The Danish wind turbine producer to explore further development of hybrid renewable energy plants that combine wind, solar and battery storage at single location as wind growth rates ease in face of market consolidation.
US solar jobs fell 3.8% in 2017
The hangover from the ITC-driven boom in 2016 in the U.S. is the biggest factor in the relative decline, and a rebound is expected in 2019.
GE, Arenko form partnership to deliver 41 MW battery to UK
Large-scale battery energy storage system will be supplied by GE and tap into U.K.’s growing demand for stationary storage solutions.
ACWA wins Saudi Arabia’s 300 MW solar tender
The Saudi energy company submitted the second lowest bid, an LCOE of 0.08872 SAR ($0.0236) per kWh, while the excluded competitor, a consortium led by Japan’s Marubeni, had offered 0.09976 SAR ($0.0266) per kWh.
Panasonic to begin direct sales of solar cells
The Japanese electronics giant announces plans to sell solar cells individually this year, but confirms it is poised to halt module production at its fab in Shiga, Japan, in March.
