The pv magazine weekly news digest
With the fallout from the U.S. election still hot on everybody’s lips, news and speculation as to what The Donald might be planning with the solar industry was rife, but while the world’s eyes were fixed on the bizarre events taking place in Washington, the solar ‘deal of the year’ was finally approved between Tesla and SolarCity.
First Solar to ramp Series 6 production in 2018, lay off 1,600 workers
The thin-film maker has announced a shift in strategy which will eliminate its Series 5, reduce 2017 output to 2.2 GW, and reduce its global workforce by 27%.
Solar demand to contract 7% next year before sustained growth, finds GTM report
Research suggests next year’s lull in solar demand to be less steep than originally feared, with compound annual growth rate of 9% to return in 2018 through 2021.
JA Solar posts steady shipment and revenue growth for Q3
The Chinese solar company increases its total shipments 10% YoY and 1% sequentially, and it was a similar story in terms of revenue, which hit $624.3 million for the quarter.
Hanwha Q Cells teams with Asia Clean Capital on 200 MW Chinese solar pipeline
The South Korean solar company will provide modules and technical support to assist Asia Clean Capital’s rooftop solar ventures in China.
Battery use to drive 4.5 GW global surge in storage inverters, finds IHS Markit
Growth in grid-connected energy storage represents a global opportunity for suppliers of energy storage inverter and power conversion system suppliers. Wider adoption will accelerate cost reduction, finds IHS Markit.
BREAKING: Tesla shareholders approve SolarCity acquisition
Solar Roof and Panasonic solar panel gigafactory, here we come.
China: more than 5 GW of solar has no access to subsidy
Anhui and Henan provinces have both warned that PV plants either completed or under construction under the First Built First (FBF) principle may not be granted scale index, arousing further concern over the uncertainty of China’s PV benchmark FIT adjustment.
EU confirms withdrawal of five additional Chinese solar firms from MIP
The European Commission confirmed yesterday that JinkoSolar, JA Solar, Wuxi Suntech, Risen Energy, and Phono Solar are now withdrawn from the minimum import price undertaking for solar components imported into the EU.
JinkoSolar grows Q3 revenue 39% YoY, ups 2016 guidance
The Tier-1 solar company once again posted world-leading module shipments of 1,606 MW, generating revenue of $855 million. However, both metrics were down on Q2 despite soaring against Q3 2015.
