Indian PV procurement leapt to 3 GW in October figures
Developers gave short shrift to warnings about depreciation, protectionism and tax headwinds as tendering and auction figures soared, but shied away from tough price caps set for the Solar Energy Corporation of India’s procurement exercises.
Chinese manufacturer prepares to raise $434m through bonds
The polysilicon, PV wafer and module and inverter maker has arranged a second EGM of 2018 to seek permission for two bond issues, as its peers scramble to raise their manufacturing capacities.
Singulus signals 300 MW production equipment order as Chinese dragon roars again
Predictions of the imminent demise of Chinese solar demand due to the reining in of subsidies have not stopped manufacturers ramping up production capacities. German equipment maker Singulus is among the suppliers to benefit from a renewed confidence in the Far East.
India’s 10 GW solar tender amended again – but deterrents remain
While the timelines for PV plant execution and completion of the manufacturing facilities required by the tender are now more realistic, production obligations – especially related to capacity utilization – need to be revisited.
SCI Engineered Materials prompts record revenues amidst high thin film demand
EBITDA for the third quarter of 2018 increased 146%, revenue is also performing well, with the company expecting 40% increase throughout the second half of 2018, and the company reports that its gross profit has increased by 64% compared to 2017. Citing significant order increase for solar thin film products the materials suppliers touts strong three quarters of 2018.
Nine-month figures from China lay bare impact of May 31 policy U-turn
Although industry representatives are predicting no falling-off in the market next year, there is nothing in the latest set of figures to support such a positive outlook.
Hanergy Thin Film asks for more details about plan to take it private
The Hong Kong-listed unit has asked where its parent will find the cash and shares to complete a $7bn deal to take ownership back in house and then list it on the Chinese A-share index.
Xinyi Solar plans to float PV project operations unit to finance glass production expansion
Parent company hopes to receive a $392m windfall – half of it upfront – by offering shares in its solar farm operations unit and then using the net profits to sell the newly-spun out business its six-project PV portfolio in China.
Korea to build world’s largest solar park
President Moon Jae-in yesterday announced plans for a 3 GW project. South Korea plans to add 30 GW of PV by 2030, to improve the country’s hitherto poor renewable energy performance.
Chinese duties on polysilicon imports from EU have expired
The Chinese Ministry of Commerce has announced that antidumping and countervailing duties imposed in 2014 on polysilicon imports from the European Union will not be further renewed.
