Solar market worth $134 billion by 2020
Annual revenue from PV installations will top $134 billion in seven years’ time and solar will stand alone without subsidies from 2017, claims Navigant Research report.
German-Chinese module price gap narrowing
Module and inverter trader says trade war and consequent lack of Chinese imports is closing the price gap between German and Chinese products. But spot market availability of fire-sale modules can skew figures, warns analyst.
REC to separate silicon, solar divisions
Norwegian solar group REC is looking to improve its finances by spinning off its solar and silicon divisions as independent companies. The group also saw second-quarter revenue rise 21% while narrowing its operating loss.
NRG Solar acquires large-scale project on Guam
Developed by Houston-based Quantum Utility Generation, Guam’s first utility-scale solar plant will now go to NRG Solar, which will own and operate the 25.65 MW facility.
China imposes anti-dumping duties on US, South Korean polysilicon
U.S. and South Korean polysilicon manufacturers will face anti-dumping import tariffs in China of up to 57% beginning July 24. U.S. producers REC and Hemlock face the highest rates.
Uruguay kicks off second stage of PV procurement process
Uruguay has begun accepting applications for new large-scale solar projects to meet the country’s 200 MW target.
Mecasolar's tracker sales reflect changing market dynamics
Mecasolar achieved a record 400 MW in tracker sales in the first half of the year, and while Europe remains its biggest market, the company will soon generate most of its business in other territories.
Phoenix Solar to build 1.8 MWp PV plant in Saudi Arabia
Phoenix Solar has begun its second project for Saudi Arabian energy group Saudi Aramco, a 1.8 MWp plant in Riyadh. The Gulf region has become a key market for the recently restructured German company.
South Korea eager to develop solar in Honduras
South Korea and Honduras are partnering on a wide range of areas, including renewable energy. The Asian powerhouse is providing nearly $50 million for solar projects in the country.
Import duties: further movement in EU-China negotiations
The EU and China are apparently continuing intensive negotiations on a possible settlement of the PV product trade dispute. EU trade commissioner Karel De Gucht and Chinese Commerce Minister Gao Hucheng are due to discuss the matter later this week. Moreover, the EU has reportedly offered China a compromise.
