Asia

Subsidy windfall helps GCL Poly eat into debt mountain

The Chinese manufacturer – which is gambling on a big rebound in global appetite for the raw material for PV panels materializing soon – will devote all of its $143m solar subsidy income to paying off a daunting amount of borrowing.

Taiwan brings first phase of island’s largest PV plant online

14 MW of new solar capacity began feeding energy into Taiwan’s grid this week, as the first phase of a planned 100 MW facility being built by the island’s utility Taipower.

The reasons India’s 10 GW solar tender will not attract big developers

Big players such as Acme, ReNew, Adani, Azure, Hero Future and Aditya Birla Solar are likely to stay away from procurement which requires 3 GW annual manufacturing commitment, says industry insider Gopal Lal Somani.

Pakistan’s regulator to review two PV project proposals totaling 100 MW

Pakistan’s electricity regulator NEPRA will review a proposal for the construction of a 50 MW PV plant planned to sell power at approximately $0.071/kWh, while a second 50 MW project is expected to deliver power at a levelized tariff of $0.076/kWh.

Uttar Pradesh prepares to procure another 550 MW of solar

The Indian state has set an electricity price ceiling of INR3.10/kWh and reserved the right to cancel the auction if it doesn’t fancy the resulting tariff. Bidders can go for projects ranging in size from 5 MW up to the whole capacity on offer.

Iran’s operational PV capacity reaches 250 MW

According to new numbers released by Iran’s Renewable Energy and Energy Efficiency Organization (SATBA), renewable energies have reached a combined cumulative capacity of 650 MW, with solar representing a 39% of the total.

Hanergy Thin Film to return to China listing ahead of results of inquiry

The Hong Kong-based thin film manufacturer’s parent company may not be able to deliver mammoth panel orders on time, but looks set to arrange a HK$5/share deal to take the troublesome unit back in house and list it on the A-share index, in a move which will come as a relief to shareholders stuck with its stock since May 2015.

Cambodia needs solar to drive down electricity prices

According to the UNDP, a full economic evaluation of the costs and advantages of solar energy in the country is necessary, as Cambodia’s government is planning to expand its power system through coal and hydro.

Motech sells factory in Tainan

The transaction is expected to provide the Taiwanese cell maker with around $31.7 million. The buyer is Wistron NeWeb Corporation, a Taiwanese manufacturer of wireless communication products.

Large-scale projects, net metering and solar leasing for Malaysia

Minister announces new-year changes to try and drive further PV adoption in the populous southeast Asian nation.

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