Markets & Policy

Belgian solar glass maker files for insolvency

Ducatt had to start insolvency proceedings due to the insolvency of German solar module manufacturer SolarWorld. Around 50% of Ducatt’s revenue came from orders placed by SolarWorld, as reported by local media.

Engie acquires Sungevity’s European unit

The French energy giant made another move to expand its presence in the solar sector. Sungevity filed for Chapter 11 bankruptcy in the United States in mid-March.

Chile to allocate 2 GW of installed capacity in upcoming power auction

In a meeting held in Berlin the head of Chile’s National Commission for Energy (CNE) presented the upcoming technology neutral power auction, which will be held in December. Solar, however, is expected to have a significant share thanks to very favorable conditions.

Argentina plans 1 GW solar + storage project

Following on the progress of 300 MW of solar projects in Cauchari, the province of Jujuy has announced another gigawatt of solar PV to be installed in the northern region.

India: solar tax will be 5%, minister confirms

In tweet sent yesterday, India revenue secretary Hasmukh Adhia said that all solar equipment will be subject to only 5% Goods and Services Tax, allaying fears cells and modules would be placed in 18% bracket.

Trump stalls on Paris climate agreement

The U.S. president declined to sign on to consensus language composed by G7 leaders, and has said that a decision will come some time this week. However, implications for solar and renewables may be limited.

U.K. solar shatters generation record on year’s hottest day

With the temperature reaching 29.5 degrees Celsius, solar panel installations across the U.K. generated a record amount of electricity on Friday, overtaking nuclear for the first time ever.

Italy: study predicts deployment of additional 2.3 GW of PV capacity by 2020

A report published by the Energy and Strategy Group at the Polytechnic University of Milan forecasts that a further 4.4 GW of renewable energy generation capacity could be installed in Italy in the period 2017-2020. Solar and wind are expected to have the largest share.

Hanwha Q Cells returns to profit in Q1

The South Korean-headquartered solar company posts operating income of $28 million following loss of $21 million in Q4 2016. Revenue was steady, but shipment figures were once again left undisclosed.

Portugal: renewable energy sector wants first auction for large-scale solar and wind

Portugal’s renewable energy association Apren said that Spain has paved the way for further development of renewables on the Iberian Peninsula with its recent 3 GW auction, and that a similar tender is needed to revive the country’s solar and wind power sector.

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