GCL-Poly making polysilicon at a loss as it piles up $3.36bn more in liabilities than assets
With the company’s up-for-sale project development business revealing extensive debt concerns yesterday morning, that revelation is only half the story.
There are –data missing– solar power fires per year
International data suggests that fires caused by rooftop solar power systems are rare; however, the United States doesn’t centrally track this information – with the National Fire Data Center classifying them in the “other” category.
China added 11.4 GW of solar capacity in first half of this year
According to official statistics produced by the nation’s National Energy Administration, China’s cumulative installed PV generation capacity had reached 185.5 GW at the end of June.
Polish mining company to deploy solar on dead coal sites
Poland’s second largest power company, Tauron, wants to build a 5 MW ground-mounted facility in Jaworzno and is seeking EPC contractors through a tender. The project is part of the company’s plan to deploy PV on its unused sites.
Karnataka leads Indian states in new rooftop PV attractiveness index
The Indian state of Karnataka has snagged the top spot on the Ministry of New and Renewable Energy’s State Rooftop Solar Attractiveness Index.
RES secures development approval for 200 MW in Australia
U.K. developer RES Group has obtained approval to build the 200 MW Avonlie Solar Farm in the Australian state of New South Wales.
GCL project development business has $1.6bn current liabilities deficit
The opening pages of the first-half update published on the Hong Kong exchange made all the right noises with the company set to be acquired by a Chinese state-owned entity. But the balance sheet makes for shocking reading.
Another 300 MW solar auction for Japan
The procurement exercise, which closes tomorrow, will be open to projects larger than 500 kW in size. The results will be announced on September 3.
The Chinese solar market is changing shape
Two reports have described how the world’s largest renewable energy market is moving towards maturity. According to the Brookings Institution, the Chinese clean energy market could become more open to Western investors and tech. A report by Fitch claims projects are moving back to inland provinces from coastal regions.
US: Walmart accuses Tesla of gross negligence in fire lawsuit
The picture that Walmart is painting of Tesla/SolarCity installation and O&M practices in its U.S. lawsuit is not a pretty one.
