Daqo posts $24.1 million net profit in Q3
Daqo New Energy recorded a net profit of $24.1 million in the third quarter of 2017, as the polysilicon and solar wafer producer’s revenue rose nearly 18% from the preceding three-month period to $89.4 million.
Shareholder vote puts Brookfield closer to TerraForm Global acquisition
Settlement of securities lawsuits is the final step before the Canadian asset manager can consummate the acquisition of the second of SunEdison’s former yieldcos.
The clock ticks: ITC turns Section 201 over to President Trump
With the receipt of the final report by the ITC, the Trump Administration now has 60 days to take action on the Section 201 case. The probability of restrictive tariffs is high.
Poland cancels solar auction for projects exceeding 1 MW
The Polish government said the auction was cancelled due to some adjustments relating the EU state aid rules that must be done in the legislation for renewables.
ISA presents risk mitigation feasibility study for pilot 20 GW capacity
The International Solar Alliance (ISA) presents its first offering, a Common Risk Mitigation Mechanism (CRMM) feasibility study, at COP23 in Bonn, Germany, to deepen solar markets, which aims to mobilize up to $1trn of capital investment by 2030.
IEA: Solar PV set to lead capacity additions to 2040
In its annual flagship report, the International Energy Agency (IEA) highlights that fast-declining costs will turn solar into the cheapest source of new energy generation over the next 25 year.
UK & Germany on course for 50% renewables by mid 2020s, finds BNEF report
Study carried out by Bloomberg New Energy Finance on behalf of Eaton and U.K.’s Renewable Energy Association finds economic drivers key to increased uptake in solar and wind, although back-up capacity required by 2040 likely to be similar to today’s levels.
International Solar Alliance at COP23: Welcoming the reign of the Sun
One of the sessions at COP23 has served as the curtain raiser for the ISA’s upcoming founding ceremony. It featured presentations on ISA programs and the Common Risk Mitigation Mechanisms (CRMM) report, as well as a panel discussion on the global effort to accelerate solar energy deployment.
First Solar bags 20 MW order from the Netherlands
The modules will be used by Danish investment firm Obton for two PV projects in Stadskanaal, in the northeast of the Netherlands.
Italy’s new 2020-2030 energy strategy sees PV increase power production by around 40 TWh
The Italian government has planned to phase out coal power production by 2025, and has set a 2030 renewable energy target of 27%.
