Scientists in South Korea demonstrated a perovskite cell with a certified efficiency of 24.4%. The device is claimed to maintain over 80% of its initial efficiency after 1,300 hours in the dark at 85 degrees Celsius.
The development process for ground-mounted utility scale solar projects in Vietnam is laborious, time-consuming, expensive and still largely difficult to navigate for foreign developers without entering a strategic partnership, in whatever form, with a local Vietnamese counterpart.
The latest, seven-project, 217 MW, $150 million project sell-off announced by the development business of polysilicon producer GCL-Poly means a lot will be at stake in the vote by its shareholders at an extraordinary general meeting in the new year.
Vietnam has now effectively overtaken Thailand as the largest solar market in Southeast Asia in terms of installed solar operational capacity, with more than 6,314 MW installed up to September 2020. Many hundreds of MWs of solar projects are also still under construction or development. However, its solar (and other renewable energy) M&A activity has developed very slowly to date. There are many reasons to expect that this is about to change, but before we examine them, let us review the main factors behind this sluggish tempo.
Meanwhile, Chinese state-owned energy company State Power Investment Corporation (SPIC) has acquired a solar energy developer in Mexico and JA Solar has started construction on the second phase of its 20 GW ingot factory in Yunnan Province.
The debt-saddled GCL New Energy solar project business of the polysilicon manufacturer is aiming to sell off solar farms to transform into an ‘asset light’ operation.
The solar manufacturer’s impressive third-quarter gross margin is set to fall back in the current three-month window because global shortages have seen some material costs double since the world came out of Covid-19 shock.
The Chinese giant plans to further strengthen the supply chain for solar modules based on 210mm wafers by establishing joint ventures with its rival.