IHS Markit expects 4.3 GW of new storage this year
And the analyst expects that annual new additions figure to rise to 10.6 GW in 2025. This year the U.S. will surpass South Korea as the largest storage market due to new capacity for solar-plus-storage projects. In Japan and Australia, growth will be spurred by the termination of FIT programs.
Grim news for REC Silicon as U.S. raises trade war tariffs to 25%
With the deadline set by the Trump administration for avoiding a rise in further penalties on Chinese imports having passed without resolution last night, the Ministry of Commerce in Beijing reportedly warned of countermeasures, a threat which will raise fears among members of the Norwegian firm’s U.S. workforce.
Sunrun eating into utility operations
By providing solar-plus-storage, contracting to supply capacity in wholesale markets and even considering microgrid communities, Sunrun is taking on more of the space traditionally occupied by utilities and large, centralized power generators.
Only two bidders for 1 GW solar tender in Gujarat
The procurement – for PV capacity at the Dholera Solar Park – attracted bids for just 300 MW as developers shunned a tariff ceiling of $0.039/kWh.
Panasonic transfers solar manufacturing unit to GS-Solar and creates new research JV
The Japanese multinational will transfer its Panasonic Energy Malaysia unit to Chinese heterojunction module provider GS-Solar as part of a broader cooperation agreement. Panasonic’s solar R&D business will form part of a JV in Japan to be 90% owned by GS-Solar.
The U.S. surpassed 2 million solar installations
The first million took 40 years, the second million took two years and the third million will arrive two years from now.
Ikea to begin the sale of solar modules in Sweden
By 2025, the furniture giant plans to offer solar panels worldwide at its stores. The company is in negotiation with potential partners and a supplier for the sale of PV panels in Sweden, which is planned to start in the autumn.
SMA posts first-quarter loss
Sales revenue declined at the start of the year despite steady inverter shipments. The reverse was mainly due to sluggish project business and SMA is predicting significant increases in sales and earnings in the second half.
REC Silicon moves nearer shutdown of US polysilicon facility
The company has reported declining revenues and increasing losses in its first-quarter update. A plan to reduce polysilicon production will begin in a week’s time and if access to the Chinese market is not restored, a complete shutdown could be in place by the end of June.
Flat out: PV glass maker pulls out the stops to expand production
Flat Glass wants shareholders to back a $213 million convertible bond issue to provide the cash to raise its PV glass production capacity to 1.65 million tons per year. The company has already ramped up output so fast it is running short of funds.
