Markets

Shareholders in the heavily-indebted solar project EPC and building-integrated PV manufacturer will vote on the last day of the month on the proposed takeover of the business by a Chinese state-backed entity. No news has emerged of a winding-up order due to be heard yesterday.

German polysilicon producer Wacker Chemie AG has reduced its earnings expectations for 2019, citing low prices for polysilicon. The company blamed the polysilicon price slump on oversupply from competitors in China, which muted an expected price increase in the second half of 2019.

The Hong Kong-based solar manufacturer appears to have posted impressive revenue gains this year, based on preliminary, unaudited operating results for the first three quarters of 2019. But as the troubled company continues to pin its hopes on a much-anticipated turnaround in Chinese solar demand, its long-term outlook remains uncertain, mere weeks before the scheduled de-listing of its shares in Taiwan.

The German utility has finalized its investment plan for the massive PV array, which will be built in the state of Brandenburg from the start of 2020. It first announced the project — the largest subsidy-free PV plant under development in Germany thus far — back in the spring.

Philippines-based AC Energy will work with UPC Solar Asia Pacific – the solar energy unit of Hong Kong-headquartered UPC Renewables – to build more than 1 GW of solar in the coming years, with an initial focus on Asian markets such as India, South Korea and Taiwan.

Over the last decade, DuPont has surveyed more than 2 GW of PV installations and has analyzed a range of failure types and their causes. Hong-Jie Hu, DuPont’s solar technical and development lead in China, says that the materials giant is looking for Australian partners for its Global Field Survey program, with a particular interest in hot and humid and desert environments.

The 121 MWdc Springbok 3 project in Kern County, California, brings the Springbok series to 448 MW, as Capital Dynamics continues its investments in U.S. solar.

The German developer and independent power producer claims it finished its latest solar project in the country about one month ahead of schedule.

Automotive Electronics Power Private Ltd. (AEPPL), an India-based lithium-ion battery manufacturing venture between three Japanese companies, aims to produce 30 million cells per year by 2025.

A newly published overview of the European electricity sector suggests that renewables development remains stalled on the continent. Despite some regional differences, EU policy generally favors gas over renewable resources to replace coal. And recent comments by Kadri Simson, the newly sworn-in EU energy commissioner, offer little hope for change.