Huawei, Sungrow and SMA dominate global inverter market
Analysis from Wood Mackenzie shows global inverter demand grew 18% last year. The ten largest inverter suppliers accounted for 76% of the global trade.
Covid-19 disruption leaves indebted Chinese manufacturer in limbo
Debt-saddled GCL-Poly’s attempts to renegotiate $809 million of defaulted borrowings have been held up because of the coronavirus crisis unfolding in Europe, where one lender is based. Shareholders are due to vote tomorrow on a project sale which could generate $153 million of benefits.
Big solar projects are back in the US
The number of 100 MW-plus solar projects is rapidly increasing in the U.S. And if there’s one solar segment that can weather a pandemic, it’s utility scale photovoltaics.
Israel’s plan to recover from Covid-19 crisis includes 2 GW of new solar
The country also intends to continue the procurement exercise for the Dimona solar power plant in the Negev desert. The Israeli government also will try to remove barriers to facilitate rapid and efficient development, while improving the grid-connection process for projects.
Brazil hits 5 GW milestone
In Brazil, like in many other parts of the world, industry associations claim that solar will be a strategic element in the recovery from the Covid-19 crisis, due to its potential to create jobs, generate income, and attract new investment.
Australian researchers shine light on potential storage solution
Researchers at the Queensland University of Technology have proposed a new design for a diamond nanothread bundle that could pave the way for a new form of mechanical storage. Pound-for-pound, the tech could be three times more powerful than lithium-ion batteries.
Abu Dhabi’s 1.5 GW tender draws world record low solar bid of $0.0135/kWh
The tariff is around $0.0021 lower than the $0.0156/kWh French oil giant Total and Japanese conglomerate Marubeni Corp offered in Qatar’s 800 MW tender in late January. French energy company EDF and Chinese solar company JinkoPower reportedly submitted the record bid in the UAE exercise.
Solar costs set to continue falling according to ITRPV roadmap
The 11th edition of the German document which tracks solar price falls and efficiency improvements has considered the role bigger wafers are playing in cost reduction.
Ministry representative says Polish solar manufacturers could benefit from Covid-19 disruption to take market share from Chinese rivals
The Polish solar industry is reportedly planning an offensive to claim a bigger slice of the domestic PV market. The idea was apparently floated by the head of a private renewable energy body.
Bangladesh opens €200m loan fund for eco-friendly imports
Solar project developers and other component importers are among those eligible to apply for low-interest loans for up to 10 years. The government had already offered a $200 million credit line last year.
