GCL-Poly making polysilicon at a loss as it piles up $3.36bn more in liabilities than assets
With the company’s up-for-sale project development business revealing extensive debt concerns yesterday morning, that revelation is only half the story.
China added 11.4 GW of solar capacity in first half of this year
According to official statistics produced by the nation’s National Energy Administration, China’s cumulative installed PV generation capacity had reached 185.5 GW at the end of June.
US electricity retailers are ditching fossil fuels
Three different retail electricity providers in the United States have announced new programs to provide customers the option to buy 100% renewably sourced electricity, with one of the three even coming at no additional cost.
German thin-film manufacturer Solibro reportedly set to file for insolvency
Solibro GmbH is expected to make the move this month, according to a German media report. The company has yet to publicly confirm the move.
RES secures development approval for 200 MW in Australia
U.K. developer RES Group has obtained approval to build the 200 MW Avonlie Solar Farm in the Australian state of New South Wales.
GCL project development business has $1.6bn current liabilities deficit
The opening pages of the first-half update published on the Hong Kong exchange made all the right noises with the company set to be acquired by a Chinese state-owned entity. But the balance sheet makes for shocking reading.
Another 300 MW solar auction for Japan
The procurement exercise, which closes tomorrow, will be open to projects larger than 500 kW in size. The results will be announced on September 3.
Renewables and geopolitics: ‘There won’t be as much to fight over’
In the latest installment of pv magazine’s renewable energy and geopolitics series, Indra Overland says a new mindset is necessary to understand the geopolitics ahead as the rules of the fossil fuel era will no longer apply. A renewable world will have fewer strategic locations and bottlenecks and less territorial competition.
The Chinese solar market is changing shape
Two reports have described how the world’s largest renewable energy market is moving towards maturity. According to the Brookings Institution, the Chinese clean energy market could become more open to Western investors and tech. A report by Fitch claims projects are moving back to inland provinces from coastal regions.
China electric utility attracts record low module price in 3 GW procurement
The state-owned State Power Investment Corp Ltd has received a bid of 25 cents per watt for monocrystalline panels in a tender to procure 3.04 GW of PV module capacity.
