Polysilicon shortage in China drives 35% price spike, Bloomberg reports
Amid an unexpected shortage of a key raw material, solar manufacturers in China are now under pressure of higher costs and narrowing margins.
Mexico’s power auction pre-selects 16 bids with average price of $20.57/MWh and 2.56 GW of combined capacity
According to the auction’s preliminary results, solar may account for 55% of contracted power with 3.0 TWh. Final results will be announced on November 22.
TerraForm Power refinances with $350 million term loan facility
On the heels of its acquisition by Brookfield, the yieldco is putting its financial house in order.
Israel: 120 MW solar plant to be constructed by Belectric Isreal and Solel Boneh
Shikun & Binui Renewable Energy Ltd, the renewable energy arm of Israel conglomerate Shikun and Binui will own the plant, which will be located near the village of Zeélim.
Manz reports revenue and profit increase
The PV equipment manufacturer further improved its sales in the third quarter. The company said its CIGS orders are fully on schedule and will be included in the results of the fourth quarter.
Mudajaya to finance 49 MW in Malaysia with Islamic bonds
Mudajaya, a Malaysian engineering and construction group, aims to raise up to 245 million ringgit ($58.7 million) by issuing sukuk Islamic bonds. It will use the proceeds to finance the construction of 49 MW of solar capacity in northern Peninsular Malaysia.
Interview: Vikram Solar CEO talks ahead of COP23 ISA presentation
Gyanesh Chaudhary, the MD, and CEO of Vikram Solar, speaks to pv magazine about the international solar alliance event held in collaboration with MNRE and CII at COP23 in Bonn, Germany and more on the Indian solar manufacturing sector. He is a part of the Indian (CII) delegation to COP23, Bonn Germany.
JA Solar posts $6.3 million net profit in Q3
JA Solar has recorded a net profit of CNY 41.9 million ($6.3 million) in the third quarter of 2017, down nearly 5% year on year, as revenue slid 27.1% from the preceding quarter to CNY 4.3 billion.
Brazil sets ceiling price of $100/MWh for PV in power auction to be held in December
Solar will have the same ceiling price as thermoelectric and biomass power projects, while wind and hydro will have a maximum price of $83/MWh and $85/MWh, respectively.
The Caribbean Netherlands commissions 4.1 MW solar-plus-storage project
The solar facility, which was entirely financed by Netherlands’ Ministry of economic affairs, is located on the island of Sint Eustatius.
