Finance

Despite its chemical business performing strongly, Wacker Chemie AG’s Q3 2018 financials took a tumble, with polysilicon sales and EBITDA sharply declining. The blame has been laid on China’s PV policy change in May.

Tesla energy storage deployments grew 18% and storage deployments grew 11%, as the EV + battery + solar company achieves its a long-awaited quarterly profit on the success of its Model 3.

Despite political hurdles in key markets including China, India and Japan, Asia remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.

Poly manufacturer and developer raises another $44m to pay down its huge debt pile after selling an 80% stake in two solar projects in its homeland.

The struggling Chinese manufacturer has withdrawn its appeal against a Chinese court decision it must repay medium term notes it failed to honor in 2015 and 2016. Yingli is struggling to stay afloat after a series of disastrous financial updates.

The Chinese manufacturer – which is gambling on a big rebound in global appetite for the raw material for PV panels materializing soon – will devote all of its $143m solar subsidy income to paying off a daunting amount of borrowing.

Big players such as Acme, ReNew, Adani, Azure, Hero Future and Aditya Birla Solar are likely to stay away from procurement which requires 3 GW annual manufacturing commitment, says industry insider Gopal Lal Somani.

Analysts have released a report which examines multiple carbon pricing scenarios, and their effect on UK power bills, renewables and the carbon budget. The UK’s Carbon Price Support could be lowered in the autumn budget next week, putting the nation further off course on its carbon budget. A high CPS would foster renewables, without driving electricity bills up.

The Hong Kong-based thin film manufacturer’s parent company may not be able to deliver mammoth panel orders on time, but looks set to arrange a HK$5/share deal to take the troublesome unit back in house and list it on the A-share index, in a move which will come as a relief to shareholders stuck with its stock since May 2015.

If plans are realized, the private-public investment vehicle will start investing in companies with green-tech innovations. The fund would be used to pursue technologies which could help the decarbonization of the economy but which have not received enough attention.