Asia

WFES: ISA signs letters of intent for $5bn financing, nine solar projects across five member states

This week’s World Future Energy Summit (WFES) saw a letter of intent inked at the International Solar Alliance’s (ISA’s) pavilion to secure financing of up to US$5 billion with India’s YES Bank by 2030. The organization also signed deals for nine solar projects across five ISA member countries, including in the UAE, Saudi Arabia, Nigeria, India and Spain.

Taiwan’s UREC to receive government backing, will shift focus to downstream PV

The Taiwanese Government is set to invest in the United Renewable Energy Company (UREC), which is expected to be officially formed in Q3 2018 by solar cell makers, Neo Solar Power (NSP), Gintech Energy and Solartech Energy. The new company will shift focus from cell manufacturing to downstream solar PV.

Japan’s NPC swings to profit in Q1 of fiscal 2018

The Japanese equipment provider also reports an increase in its sales and operating result in the period; and said its machinery business was almost as planned in the quarter, due to steady sales of PV module manufacturing equipment and automated machines.

Chinese researchers develop new gas-solid perovskite process

In another attempt at cracking the perovskite stability problem, scientists from China’s Liaocheng University and Hefei University of Technology have developed a new gas-solid process for the creation of perovskite thin-films, which they say can lead to improved stability and response time.

Taiwan’s Motech secures $162.2 million in financing

The Taiwanese cell producer said it will use the funds to repay existing loans and finance operations.

Hemlock calls on Trump to restore access to the Chinese polysilicon market

The last round of the trade war decimated U.S. polysilicon, and Hemlock Semiconductor is calling on Trump to address this in the Section 201 remedy.

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Canadian Solar lowers Q4 revenue guidance due to delayed project sale

The Chinese Tier 1 solar company had hoped to finalize the sale of six PV power projects in the fourth quarter of last year, but delays to necessary government approvals mean Q4 revenue is lively to be around $700 million lower than expected.

India: SECI postpones 2 GW tender, extends manufacturing deadline

The Solar Energy Corporation of India (SECI) has postponed the 2 GW PV project tender until further notice. The company has also extended the deadline for expressions of interest for setting up solar manufacturing plants in India until January 29.

Solaria raises $23 million, will triple manufacturing capacities

The high-efficiency PV maker plans to expand its annual production capacity to 300 MW by the end of 2018, with expansions in both the United States and South Korea.

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Pöyry wins contract for 29 MW Malaysian PV project

International consulting and engineering company, Pöyry Plc. has been awarded a contract for a 29 MW solar PV project in Malaysia, by Leader Solar Energy Sdn Bhd.