The proposed acquisition of a controlling stake in the heavily-indebted PV project business of solar manufacturer GCL-Poly has fallen through, with state-owned China Hua Neng now proposing to cherry-pick the more attractive assets from the unit’s 7 GW portfolio.
The Chinese company plans to roll out 2 GW of inverters per year from a facility which will have 1 GW production lines for both central and string products.
The government has unveiled a plan to help the PV industry reduce the cost of solar panels from around $0.23/W to $0.10/W by 2030. The plan also aims to reach module efficiencies of around 24% – up to 35% for multi-junction cells – by the end of the next decade.
Swedish company Exeger says the dye-sensitized ‘light-harvesting material’ it will produce at its facility will generate enough power to prevent the need to recharge portable electronic devices, lengthening battery lifespan perhaps indefinitely.
GCL and Canadian Solar provide further proof of the solar boom that is gathering pace around the world even as attention focuses on the Chinese market.
The Shanghai solar manufacturer has revealed another set of record-breaking quarterly figures and says it will shift 18-20 GW of modules in 2020, en route to generating revenues of $1.17-1.23 billion.
PV industry veteran Karl-Heinz Remmers recalls the trajectory of solar power this decade and predicts stronger than expected development for the ten years ahead.
The energy transition is becoming ever more apparent among power companies, as was evident at the European Utility Week event last week in Paris, which showcased the hopes and fears of energy companies. Rebranding next year to ‘Enlit’, the organizers aim to reach the whole energy industry.
A new series of tweaks by Solar Energy Corp. of India appear to have paid off, as the organization’s ambitious, manufacturing-linked 7 GW solar tender has been oversubscribed by 1 GW.
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