The latest reports from analysts at PV InfoLink and EnergyTrend show prices continuing to fall, though at a slower rate than was immediately seen after China’s 31/5 announcements. High efficiency mono-PERC modules fell to around US$0.32/W, while multicrystalline module prices held steady at between $0.26 and $0.29/W.
Currently, new anti-dumping proceedings against solar glass makers from Malaysia are taking place in the EU. Imports of Chinese solar glass have been subject to high anti-subsidy and anti-dumping duties since 2014. The European module manufacturers fear further massive competitive disadvantages and the danger of an Interfloat monopoly in Europe.
In the wake of the U.S.-China trade dispute, the Chinese government has loosened its policy on ownership caps for factory sites for foreign car brands. Previously, car companies could only retain 50% of the ownership of a factory and had to set up a joint venture with a Chinese partner. By setting up shop in China, Tesla can avoid import duties on its cars, to cater to a broader customer base.
Despite recent efforts to boost its solar energy business, the Italian oil giant has decided not to acquire RTR’s 343 MW solar plant portfolio.
Colombia’s Celsia is issuing green bonds worth US$145 million to finance its large solar PV project pipeline, while U.K.-based Faro Energy is resorting to clean energy bonds to fund its distributed generation (DG) solar projects across Brazil.
Despite the uncertainty caused by U.S. solar panel import tariffs, deteriorating trade relations between the U.S. and China, and the looming consequences of China’s PV policy change, the solar industry saw a 15% YoY increase in corporate funding in the first half of 2018, on the back of a Q2 rebound, finds the latest Mercom Capital report.
Ecoligo has launched another financing round for the installation of a rooftop solar PV system at a flower farm in Kenya. The system is set to reduce the farm’s grid electricity demand by 50%, and lower its OPEX.
While overall global investment in clean energy saw a decrease of just 1% YoY in the first half of 2018, solar’s share dropped 19% following changes to China’s PV policy and lower project costs, says Bloomberg NEF (BNEF). It forecasts this trend to continue throughout the year.
More than 80% of India’s solar equipment requirements are met through imports from China. Against this backdrop, industry analysts see the predicted 30% lower module pricing, following China’s revised policy, as a good news for Indian PV projects.
Despite its huge potential in the region, solar PV has hitherto gained little traction in Central Asia. In Kazakhstan, two utility-scale PV projects have been realized, and a few are in the pipeline for Uzbekistan as it begins to attract international investors. But many challenges on the policy level have yet to be overcome.
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