Sale of controlling stake in China’s largest poly maker falls through
Shanghai Electric’s move to take over GCL-Poly’s Jiangsu Zhongneng has fallen through because conditions are not ‘mature enough’. The development, announced this afternoon to the Hong Kong Stock Exchange, will be closely watched by the global solar industry.
SolarEdge reports record revenues in second-quarter results
The company has experienced continued growth and after the acquisition of a UPS supplier – as well the potential for Chinese power electronics manufacturers to suffer under proposed new inverter tariffs – SolarEdge feels confident of continued growth.
Proposal to take Hanwha Q Cells back into private ownership
With Hanwha Solar Holdings already owning 94% of the company, the module manufacturer could soon be a private company again. The Korean solar company says the transaction would cost the holding company around $45 million.
EV charging infrastructure market to reach $18 billion by 2030
EV charging infrastructure is set to become a major market, and actors from different sectors like municipal utilities, inverter companies and storage system providers are getting creative, and collaborative, in order to secure a slice of the cake.
Prices begin to stabilize, though falling revenues and job losses expected among Chinese manufacturers
According to reports from Energy Trend, a 30% decline in PV demand from China this year will likely spell trouble for some of the country’s major module manufacturers, with job losses and factory closures expected, despite China’s determination to open new international markets for its PV industry.
Milestone: Over one trillion watts of wind and solar installed
A BloombergNEF analysis states that global wind and solar PV installations have reached a trillion watts, for the first time. While this milestone took the industry 40 years, the second trillion watts are expected to be installed in five years, in 2023, with the help of storage. The investment costs required to install one trillion watts are also expected to half.
Zambia seeks further financing for its 100 MW PV project pipeline
The African Development Bank is currently seeking consultants to arrange debt financing for five 20 MW projects it aims to develop under Zambia’s Renewable Energy Financing Framework.
Even with duties, Chinese PV modules will be competitive in India
Despite safeguard tariffs against certain imports of solar PV products into India, Chinese manufactured modules will remain competitive, says TrendForce. It further anticipates PV demand falling 30% in fiscal year 2018 in India, while cost pressures will mount for EPCs and project developers.
Solar power production reaches new high in Germany in July
With over 6.17 TWh, solar power generation surpassed its previous record of 5.93 TWh, set just two months earlier.
Ireland launches long-expected scheme for PV microgeneration
The program will be be grant aided, and will provide funds mainly for self-consumption projects. At a later stage, the scheme may also offer incentives for home battery storage.
