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The company — which owns a 100 MW solar panel factory in Zaanstad, in the Dutch province of North Holland — is seeking to implement a restart under controlled administration. It cited delays in the delivery of production equipment and a working capital deficit as the main reasons for the insolvency proceedings.

The global market for solar trackers expanded by 20% in 2018, with total international shipments spiking 36% year-on-year to surpass the 20 GW mark, according to a new report by Wood Mackenzie. NEXTracker and Array Technologies maintained their industry dominance, but a number of smaller competitors claimed a greater share of the global market in the 12 months to the end of December than ever before.

After listing shares on the Shenzhen Stock Exchange last week, Chinese inverter maker Ginlong now plans to increase its production capacity in the 2019-20 period. The company also plans to develop marketing networks and R&D centers in multiple overseas markets.

SUSI Partners has bought a 50% stake in Macquarie Capital’s 63 MW / 340 MWh distributed energy storage portfolio in Southern California. Included as part of this purchase is the world’s largest virtual power plant.

Although the National Energy Administration (NEA) held a seminar to talk about the development of the 13th five-year plan last November, a positive signal for domestic demand, the Chinese government still has not released new official targets for solar, as of February 2019.

Panda Green Energy has posted a loss of CNY 454 million ($67.6 million) for 2018, mere weeks before it starts to face deadlines to pay off a hefty amount of outstanding debt. By the end of December, the group’s current liabilities exceeded its current assets by about CNY 928 million.

Power provider Stadtwerke Waldkirch has built a 264 kW PV system in Germany with Sunman’s glass-free modules, as a titanium rooftop at the project site made it impossible to use conventional modules.

The German PV equipment provider recorded consolidated sales of €180 million and an EBITDA of €6.6 million last year. However, order intake from the PV industry was lower than in the previous year.

Sharp has released three new high-efficiency mono-PERC solar panels. Ranging from 300 W to 370 W, the five-busbar modules are designed for use in a range of applications, from residential PV projects to large commercial installations.

Despite a number of unfavorable policy announcements, the global PV market still added 101 GW in 2018. It looks likely that this momentum will continue this year, with as much as 110 GW of new capacity expected.