Panasonic aims for 1GW global PV module production
Panasonic Corporation is adding new capacity to two of its existing HIT PV module production lines in Japan under a US$79.3 million capital investment. It aims to increase global capacity to over one GW by 2016.
EIA forecasts falling electric capacity additions in coming decades
With earlier planned capacity additions sufficient to meet most growth in electricity demand, annual capacity additions from 2025 to 2040 will fall more than 50% compared to 2000 to 2013 levels.
Photon Energy records slight Q1 improvement
Photon Energy N.V. has seen market conditions improve slightly in Q1 2015. Despite this, it still recorded a loss of 1.726 million. O&M activity is particularly strong.
AfDB report: Opportunities abound in Mali's growing renewable energy sector
The government of Mali aims to increase the share of renewable energy to 25% alongside a target for rural electrification of 61% by 2033 and is working to make investment in the sector more attractive.
Turkey: JinkoSolar to supply 50 MW of PV panels to Tegnatia
A joint venture between Turkey’s T Dinamik and Egnatia Group in Greece, Tegnatia has become a leading solar EPC service provider in Europe.
Solar to play key role in Ghana's US$230 million renewable energy program
The Ghanaian Government is looking to strengthen its renewable energy industry. A total of US$230 million has been earmarked for the scale-up, which is expected to see solar PV play a significant role. Financing will come from a number of sources. The country’s investment climate has attracted criticism, however.
Jordan’s second PV tender leads to record low tariffs
Jordan’s Ministry of Energy and Mineral Resources has chosen the winners of its second tender round. Overall, four 50 MW PV plants have been selected at record low tariffs, serving to highlight increased efficiencies, falling equipment costs and grid parity advances in the PV industry.
Yingli Green Energy reveals hefty debt burden, may have to liquidate assets
The leading solar manufacturer issues SEC filing in which it raises specter of inability to meet its outstanding obligations, which currently stand at more than $1.6bn.
Analysis: Bond default by state-owned firm may explain Yingli's woes
A bond default by Baoding Tianwei Baobian Electric Co. (Tianwei Baobian) last month may point to one of the reasons behind Yingli’s rapidly deteriorating outlook. A transaction dating back to 2007 shows that Yingli Green Energy had loaned RMB1,750,840,000 (US$282 million) to Tianwei Baobian, with the latter company now looking unlikely to repay the debt.
Interview: Fundamentals for Yingli good, must address debt
Yinglis SEC filing on late Friday that its substantial indebtedness is threatening its financial position surprised few, but its candor certainly augurs badly for the solar giant. GTM Research’s Jade Jones spoke to pv magazine about how Yinglis strategy execution has been strong, however its debt needs to be urgently addressed.
