Asia

Saft, a subsidiary of French oil giant Total, is joining forces with Chinese storage specialist Tianneng to grow in China’s energy storage and EV markets. Tianneng will take a 60% stake in the newly created joint venture, with Saft holding the other 40%.

After listing shares on the Shenzhen Stock Exchange last week, Chinese inverter maker Ginlong now plans to increase its production capacity in the 2019-20 period. The company also plans to develop marketing networks and R&D centers in multiple overseas markets.

Although the National Energy Administration (NEA) held a seminar to talk about the development of the 13th five-year plan last November, a positive signal for domestic demand, the Chinese government still has not released new official targets for solar, as of February 2019.

Panda Green Energy has posted a loss of CNY 454 million ($67.6 million) for 2018, mere weeks before it starts to face deadlines to pay off a hefty amount of outstanding debt. By the end of December, the group’s current liabilities exceeded its current assets by about CNY 928 million.

India’s Micro, Small and Medium Enterprises (MSME) sector is expected to make a significant contribution to the country’s rooftop PV target of 40 GW by 2022. However, a range of issues — including low public awareness, the scarcity of low-cost financing and the need for rooftop aggregation models — must be addressed before rooftop solar can be aggressively scaled up, according to a new report from Deloitte and the Climate Investment Funds (CIF).

The Dutch banking group will serve as sole mandated lead arranger for the S$50 million ($36.98 million) loan. A unit of Singapore-based developer Sunseap will use the funds to build a 50 MW portfolio of rooftop PV projects.

Rajasthan Electronics & Instruments (REIL) has invited bids to set up 1.7 MW (AC) of grid-connected PV projects with battery storage in India’s Andaman and Nicobar Islands. The projects — to be implemented on a turnkey basis on Havelock Island (Swaraj Dweep) and Neil Island (Shaheed Dweep) — will be awarded through competitive bids, followed by a reverse auction.

Amid the hubbub surrounding India’s renewable energy ambitions, few people have likely heard the last wails of a critically endangered great Indian bustard as it chars to death on a power transmission line or fatally collides with a wind turbine.

The Japanese CIS solar module maker has been acquired — along with its parent company, Showa Shell Sekiyu — through a share exchange by Japanese oil refiner Idemitsu. The transaction was announced in mid-October, while the preliminary agreement was signed in July.

India’s Directorate General of Foreign Trade (DGTR) has concluded that duties ranging from $537 to $1,559/metric ton will be needed to offset the impact of imports of solar ethylene vinyl acetate (EVA) sheets from China, Malaysia, Saudi Arabia and Thailand. The harshest duty — $1,559/metric ton (MT) — has been imposed on sheets supplied by all Saudi manufacturers other than Saudi Specialized Products.