GCL-Poly issues profit warning
GCL-Poly Energy Holdings Ltd expects profits for the six months ended June 30, 2018, to drop between 60 and 70%, down from the around RMB 1.2 billion (US$173.6 million) it earned in the previous year.
Ferroglobe to open solar grade silicon factory in Spain by the end of 2018
The London-based metal alloy and metallic products provider has conducted a test on 500 kW of wafers in cooperation with the Silicon Module Super League (SMSL). In the next weeks, it will also test 500 kW of PERC cells relying on its own “black silicon”, in coordination with another Super League producer.
1.4 GW NordLink interconnector receives €100 million EIB hybrid securities purchase
The project connecting Germany and Norway was first conceived in 2015. The 624 km undersea cable will have a capacity of 1.4 GW, when operational in 2020. The EU is supporting the project and other grid infrastructure projects through its EFSI scheme to interconnect the European energy markets, for better renewable energy integration and improved security of supply.
HPQ Silicon’s plan to launch integrated PV production moves forward
The Quebec-based mining company has received financial support to the tune of $1.4 million from the local government to start a pilot production of 50 MT. The production equipment will be installed at the company’s facility in Montreal at a cost of $6.8 million.
China to file WTO complaint against US duties
According to China’s Ministry of Commerce, the 30% import duties on Chinese PV products do not comply with the World Trade Organisation’s rules. The Chinese government added that its solar industry could be seriously damaged.
Peru introduces net metering, new DG rules for RE up to 10 MW
The Peruvian Government has submitted to public consultation the draft of Supreme Decree for the regulation of distributed generation (DG), which is the secondary legislation necessary to implement the DG law first promulgated in 2015. Talking to pv magazine, the president of the Society of Peruvian Renewable Energy explains how the new rules will not only introduce a net-billing scheme for installations up to 200 kW, but also a scheme for projects up to 10 MW, which is very similar to the so-called Pequeños Distributed Generation Media (PMGD) program in Chile.
Low tariff secured for NTPC’s 2 GW Indian solar auction
Amidst the Indian government’s yo-yoing on the 25% safeguard duty, the National Thermal Power Corporation’s (NTPC) auction to develop 2 GW of interstate transmission system (ISTS)-connected solar PV projects attracted a low winning tariff of Rs. 2.59 (US$0.0372) per unit.
How EVs will transform our grids, or the death of the combustion engine
The driving force behind the innovative energy storage system installed at Amsterdam’s John Cruiff ArenA in the Netherlands, The Mobility House (TMH), talks to pv magazine about the death of the combustion engine, and how electric vehicles (EVs) are presenting both strong business cases, and unparalleled levels of flexibility via decentralized intelligence – blockchain technology – for electricity grids around the world.
Omega Geração acquires 50% of 312 MW Pirapora solar complex in Brazil
Canadian Solar and EDF will maintain a stake of 30% and 20%, respectively, in the solar plant. The value of the transaction is estimated at BRL 1.1 billion (US$283.6 million).
Saudis may take Tesla private
Elon Musk has revealed that a Saudi sovereign wealth fund has approached him with a definite offer, and has announced advisors as the company forms a special committee.
