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The Taiwanese analysts expect that overcapacity will force some solar players to abandon their business or file for bankruptcy. IHS Markit also sees further price declines and consolidation in the third quarter, although it does forecast signs of a speedy recovery.

The Israel-headquartered power electronics supplier continues to diversify its business base as it closes its acquisition of UPS provider Gamatronic. Uninterruptible power supply is a multi-billion-dollar market expected to grow in the coming years.

U.S. high efficiency specialist Alta Devices has announced the achievement of a 28.9% efficient single junction cell, based on its lightweight gallium arsenide (GaAs) technology. Alta’s solar cells are designed for integration into unmanned air vehicles and other autonomous systems.

The Italian oil group is building a 26 MW plant at its industrial site, Assemini, on the island of Sardinia. The system is part of a 220 MW solar project pipeline that Eni aims to install at its Italian sites between 2018-2021.

The PV module manufacturer started negotiations with Jabil, after the U.S. introduced duties on solar imports. Recom plans to restart manufacturing activities with Jabil’s 700 MW production equipment in the first quarter of 2019. Where exactly this will take place, however, has not been disclosed yet.

With around 300 MW of installed PV power at the end of May, Poland still needs volume to become a major European PV market. More capacity is expected to come online over the next years, however, as a result of the auction mechanism for renewables. Around 360 MW was allocated by the two auctions held by the Polish government, although only 27 MW of this is currently online.

With completion scheduled by November 2019, the Khorinskaya PV facility will be the second solar park to be built by the Russian solar module manufacturer in the Republic of Buryatia.

InnoEnergy has launched its energy management platforms with local partners in Sweden. The platform would help integrate renewable energy resources through battery storage management algorithms. An expansion into other markets is planned already.

The company reports that its IoT ABB Ability platform connects to existing GE Industrial Solutions’ installations. The company will supply its products to GE, with the GE brand name being retained. Access to the North-American market was named as one of the primary motivators for the acquisition. At the same time, the company inked a deal to support Be Power in the Italian market for dispatching services with its ABB Ability solution.

The suggestion of additional investments beyond the $1.6 billion follows reports of battery cell shortages as Tesla’s Model 3 picks up production. It is unknown what impacts this will have on Tesla’s stationary storage business.