Poly maker Daqo presents a blockbusting set of figures
Profits and revenues were down in a year which saw average selling prices slump – especially after the turbulence in the Chinese market – but the company’s hell-for-leather dash for production capacity expansion and aggressive cost cutting mitigated the ill effects. And there is more to come in the year ahead.
ITRPV tenth edition: Module prices fell almost a third in 2018
German engineering association the VDMA expects PV system prices to continue to fall, as set out in the latest International Technology Roadmap for Photovoltaics report. Falling production costs and rising cell and module performance levels will secure long term competitiveness for PV in the energy mix, says the report. VDMA estimates global production capacity for PV modules reached 150 GW last year.
Manz reports higher sales and positive earnings for 2018
The PV equipment manufacturer said solar sales remained stable. Major CIGS contracts with Chinese partners Shanghai Electric Group and China Energy Investment Corporation dominated the company’s PV business.
Portugal’s EDP confirms plans to divest generation assets and invest in renewables
The utility could invest up to €7 billion in renewable energy projects up to 2022.
Saudi’s Alfanar to fund 100 MW solar project in Bangladesh
The infrastructure company will provide $100 million to develop the plant in the country’s Feni district, which is a draw for solar developers because of designated economic zones being planned there.
GCL-Poly backing grid AI application with new joint venture
The Chinese polysilicon heavyweight has joined forces with Japanese industrial and energy conglomerate Mitsui & Co and software company eVolution Networks, and promises to deliver a solution that will beef up the grid.
The hurdles in the way of Spain’s rich solar promise
On Thursday, PV conference organizer Solarplaza and Spanish solar association UNEF will host the Solar Market Parity conference in Madrid. pv magazine’s Pilar Sánchez Molina will participate in the Vision of the future: Spain in 2030 panel.
EkoRE breaks ground on 1 GW vertically integrated module factory in Turkey
The facility is in the Bor organized industrial zone of Niğde, in central Anatolia. The factory was backed by incentives provided by the country’s Ministry of Energy and Natural Resources.
EU wants to know more about Eon’s bid to acquire Innogy
According to the Brussels authorities, the transaction could affect competition in the electricity and gas sectors. EU competition commissioner Margrethe Vestager wants to ensure there are no price increases as a result of the proposed takeover.
Xinyi Solar shares issue to raise cash for production expansion and PV project development
Almost 5% of the Chinese solar glass manufacturer’s stock will be issued in a bid to generate $167 million towards the cost of two fabs planned in Guangxi next year. Xinyi also wants to expand its successful project development business.
