Jinko sees Q2 profits slightly increase, confirms shipment outlook for fiscal 2018
The Chinese manufacturer has seen its revenue decline significantly in the second quarter of this year, despite quarterly shipments dropping just 3.1%. This performance, which confirms a trend that was already clear in fiscal year 2017, was mainly due to lower solar module ASPs. Quarterly net profit, however, has more than doubled. Despite recent developments in the Chinese PV market, the company maintains its shipment outlook for full fiscal year 2018, in which it hopes to ship between 11.5 GW and 12 GW.
Seraphim plans 1.5 GW solar module, 300 MW cell fab in Africa
Chinese solar PV manufacturer, Seraphim has inaugurated a US$14 million, 300 MW solar PV module manufacturing facility in South Africa. Plans are in place to ramp this up to 1.5 GW over the next three years, and add 300 MW of cell production.
UK: Renewables can compete in balancing market, may be eligible for capacity market
Offgem has granted Limejump access to the balancing market via its VPP, meaning renewables can, for the first time, participate. Meanwhile, under its latest consultation on the capacity market, the government is considering granting access to renewables.
India: Court clears solar imports from customs without paying safeguard duty
As per the court order, Shapoorji Pallonji can retrieve its solar PV panel consignment at Chennai port, which has been cleared by customs, provided it pays the safeguard duty in case the related notification is upheld.
China sets up International Investment Alliance for Renewable Energy
Although the Chinese government has recently scaled back solar energy development, it has created a new, large, alliance to reach more foreign markets. In addition to focusing on the shipment of PV modules, it will also address financing, EPC and O&M services.
Philippine utility Meralco receives Southeast Asia’s lowest solar bid
In a tender for 50 MW of solar, local PV module manufacturer and project developer, Solar Philippines submitted a bid of P2.34 (US$0.044) per kWh.
The weekend read: “It’s all about controlling the hydrogen”
When pioneering and award-winning solar researcher Stuart Wenham passed away suddenly shortly before Christmas last year, some in the PV industry may have wondered what would become of his research into the role of hydrogen in crystalline silicon cells. His daughter, Alison Ciesla is answering that question alongside Wenham’s former team at UNSW, advancing its work into the crucial role of hydrogen in the degradation of silicon cells.
Australia to get first solar-powered crypto mining farm
A data center, which will be used for crypto and Bitcoin mining, will be powered by a combination of solar power generated at an adjacent 20 MW solar PV farm and coal-fired generator.
Trina to supply 167 MW modules to Europe’s largest PV plant
The Chinese solar module manufacturer will supply 167 MW worth of modules to what is on track to becoming Spain’s, and Europe’s, largest PV plant when completed.
Australia’s national electricity policy moves forward, but roadblocks remain
Mixed messages have emerged from today’s meeting between the Australian state and federal energy ministers’ meeting, after what was meant to have been a decisive point for the National Energy Guarantee (NEG) policy measure. Fundamental opposition from some states under Labor governments exists, however an agreement to release the draft legislation was reached – after it passes the test of the Federal Liberal party room.
