Markets

Having stated an intent to hit 65 GW of annual mono wafer production capacity by the end of 2021, the Chinese solar manufacturing giant has now said that landmark will be achieved next year.

The governments of the two African nations are considering deploying huge volumes of generation capacity over two decades. The project, still in its initial phase, is being supported by the World Economic Forum’s Global Future Council on Energy.

PEG Africa, a company offering pay-as-you-go solar to consumers and businesses in West Africa has received a $5 million investment from European Union initiative ElectriFi. The company says it has now secured more than $50 million and plans a major expansion.

The early development of PV projects in Latin America was spearheaded by one country: Chile. And while there remain prospects for large-scale project development, its distributed generation segment has the potential for enormous growth, says Marcela Puntí Martín, the general manager of the Chilean Solar Energy Association (ACESOL).

Vehicle-to-grid functions could soon become increasingly important. While policymakers discuss the necessary regulations in other nations, the Netherlands government is motoring ahead with the technology.

The Chinese manufacturer is holding out hope a boom that is expected to start imminently will help it turnaround losses that forced it to issue a profit warning last week. Getting its new production line in Qujing up to speed will help, provided the demand materializes.

The Indian state plans to achieve half the amount by 2021-22 under its new draft solar policy. The package also suggests establishing a research hub, privately financed solar parks and encouraging commercial self-consumption of clean energy.

The tender produced lower bids than previous rounds but again allocated less generation capacity than planned. The Japanese government initially accepted bids for a combined 589.9 MW but ended up assigning only 195.8 MW of capacity. The final average price for procured solar power was $0.1222/kWh.

pv magazine publisher Eckhart Gouras spoke to Carolina Obando, regulatory coordinator at renewable energy association SER Colombia, to discuss the country’s first renewable energy auction. The delayed tender promises to boost a solar industry with a 4.3 GW pipeline.

The solar manufacturer and project developer appears to have secured a crucial rescue package funded by Chinese state-backed Water Development (HK) and has persuaded the holders of most of its $430 million in defaulted debt to accept a restructuring plan. Next up, the Hong Kong High Court.