Polysilicon maker Daqo presents another set of blockbuster figures
A planned IPO of the Chinese company’s main, Xinjiang business unit is set to finance construction of another 35,000 metric tons of annual production capacity by this time next year even as soaring sales volumes in 2020 enabled Daqo to pay down the bill for its previous expansion.
India to levy 40% customs duties on imported solar modules from April 2022
The finance ministry has approved the proposal to levy the duty next year. Customs notification of the move will be issued at a later date.
Nairobi’s Sunfunder sets up $70m pot for solar and storage in Africa and Asia
The oversubscribed fund was closed with the help of a commitment by Austria’s national development bank. U.S. and Swedish state-owned lenders and impact investors dominate the pool of contributors to the debt finance, which will fund small-scale installations.
Solar could play big role in helping renewables displace UK’s planned gas fleet
Each 1.8 GW of new gas generation capacity could be replaced by 1.7 GW of solar as part of a cleaner, 6.3 GW collection of renewables and energy storage facilities–and that alternative already comes in cheaper than the business-as-usual approach, according to the Carbon Tracker thinktank.
Zero carbs diet for Coca-Cola in the Netherlands
Dutch power utility Eneco will supply solar and wind power from projects in front of the factory gates to allow the beverage factory to decarbonize its production.
Bond market to finance 230 MW solar projects in Bangladesh
Bangladesh-based Beximco Group has said it will raise nearly US$400 million in Islamic bonds to finance two solar PV power plants totaling 230 MW in the country’s northern districts.
Chinese PV Industry Brief: Plans to increase glass, polysilicon and wafer capacity move forward
Daqo has secured another big supply deal, Xinte is pushing to build a new factory in Inner Mongolia and the board of JA Solar has approved a proposal to deploy 20 GW of wafer production capacity in the autonomous region.
Solar glassmaker posts another set of bumper figures
Xinyi has accelerated plans to add more furnaces this year and predicts the rebound in solar demand being driven, in part, by the desire of nations for a green recovery from Covid-19 will continue to keep supply tight.
GCL-Poly continues to ramp production capacity commitments
The poly maker is making significant investment pledges into new production lines in Sichuan and Inner Mongolia.
Photon Energy update after ‘difficult’ quarter
The Amsterdam-based, Australia and central Europe-facing developer saw sales slump thanks to Covid-19 last year but has touted a growing operational project portfolio.
