Markets & Policy

GCL-Poly Energy has signed a framework agreement with semiconductor manufacturer Tianjin Zhonghuan, under which the two sides will collaborate of the production of polysilicon and wafers, in addition to downstream PV project development.

Having closed an exclusive partnership agreement with Arevo Enerji Sanayi Ve Ticaret AS to distribute its modules for solar projects in Turkey, Spanish PV manufacturer Tamesol has managed to get a grip on the Turkish market, known for its strict limits on imports of solar modules.

The funds will be used by the public bank Bancoldex to support unspeficied projects that help mitigate climate change impacts.

In the first half of this year, the company also saw its operating loss widen. Phoenix Solar, however, has released an optimistic guidance for full fiscal 2017.

The U.S. supplier of automation systems for the PV industry said its performance in the quarter was its best results since its solar business unit peaked in the third and fourth fiscal quarters of 2011.

Turnover for the first half of this year was slightly down from the previous year. Large order intakes from China, however, will lead to a substantial improvement of the company’s result for full fiscal year.

The Middle Eastern country has so far mainly supported large-scale projects. The new rules, which will apply to projects not exceeding 1 MW, will come into force in mid-2018.

With revenue and gross profit up on Q1, the South Korean vertically integrated solar company continues strengthening its financial position, reducing its debt-to-equity ratio by 80%.

Canadian solar has announced the sale of an 80% in a 92.5 MW project located in Brazil. The stake is to be acquired by EDF Energies Nouvelles, representing the third deal in a row between the two energy giants.

The new rules will apply to large-scale projects as well as to residential and commercial PV.