Panda Green Energy 1H 2018 results: Revenue up, EPS down
Today, Panda Green Energy Group Limited posted its results for the first half of the business year 2018. The company made itself a name when it started constructing Panda-shaped solar parks in 2017.
Up to 10 GW more solar, 2-2.5 GW of batteries coming to California
The U.S. state’s recent passage of SB 100 and SB 700 is expected to spur a boom in solar and behind-the-meter battery deployment. pv magazine has done the math on what we can expect.
US triples energy storage installations
Wood Mackenzie projects that the U.S. energy storage market will reach well over US$500 million in sales this year, following on 61.8 MW / 156.5 MWh of installations during the second quarter. Residential storage has grown at 61% per quarter since Q1 2017.
Australia awards $22.1 million to 16 hydrogen export research projects
The Australian Renewable Energy Agency (ARENA) has offered funding to nine Australian universities and research organizations to propel innovation in green hydrogen export.
Interview: Solar is paving its own road in Brazil, regardless of politics and economy
In an interview with pv magazine at this year’s Intersolar SA in Sao Paulo, Rodrigo Sauaia, president of Brazilian solar association, ABSSOLAR discussed the current issues and opportunities in Brazil’s PV market. The association is calling on the Brazilian Government to contract up to 2 GW of solar power in future auctions, and to maintain current rules for DG. The private PPA segment, meanwhile, which only a year ago appeared unviable, has begun to show positive results. All in all, solar in Brazil is growing, despite the hurdles created by a difficult political and economical environment.
Solar to account for 9% of new energy capacity in Africa in next 2 years
An Africa power sector scorecard shows that solar will make inroads into the African energy sector over the next two years, accounting for 9% of new capacity additions, as renewables uptake across the continent continues to grow.
Clean tech transition could generate 65 million jobs, save $26 trillion – study
The New Climate Economy and OVO Energy, together with the Imperial College London, have published two independent reports pointing at the tremendous financial advantages resulting from clean tech transitions. Carbon pricing schemes could reap global sales of around US$2.8 billion, they say. Wide-spread use of storage, V2G, and electric heating could further save U.K. homes around $258 per year.
Shunfeng posts slight increase in shipments, sales, but ballooning net loss
The parent company of Chinese solar module maker, Suntech saw its net loss almost quadruple in the first half of this year, while net revenue grew year-on-year by just 0.7%. Sales of solar products in the period reached around 1.9 GW, and the group’s total installed operational PV capacity reached 1.5 GW at the end of June.
China’s Irico sees big H1 profit increase, confirms plans for 2 GW module fab
Chinese glass and display device manufacturer, Irico saw total profit for the first half of 2018 increase more than 500% over the same period in 2017, thanks in part to increased revenue from its solar glass business. The company also confirmed that preliminary construction is underway on its 2 GW module factory in China’s Jiangsu Province.
French research group changes polymer molecular structure to improve PV properties
The scientists have shown how the control of the molecular structure of a semiconductor polymer makes it possible to obtain a PV conversion efficiency of more than 10% for an organic solar cell.
