Tesla gigafactory orders see LG Chem supplant BYD as third biggest global battery supplier
The Chinese e-mobility company has been hammered since Beijing’s abrupt reduction of electric vehicle subsidies in the summer. Korean outfit LG Chem’s shipment volumes have gone in the opposite direction.
Sub-standard PV equipment worries Bangladeshi solar developers
Visitors to this year’s Solar Bangladesh Expo have called for the implementation of quality standards on solar imports – action which the government is currently pursuing – with one industry insider rubbishing Indian-made products.
Yingli in talks with creditors over break up
The Chinese solar manufacturer today admitted it is in talks with its lenders and strategic investors about a break up of the company after its 2018 annual accounts revealed an apparently unserviceable debt pile. Any strategic investor is likely to constitute a Chinese state-backed bail-out.
Electricity regulator steps in to Indian state’s attempt to renegotiate signed PPAs
The latest blow in the political battle between clean energy project developers and an anti-renewables state government has seen the electricity regulator order power distribution companies to honor PPAs signed after a public tender.
Singyes winding-up petition adjourned until November
The latest date for hearing the petition will fall just four days after shareholders vote on a proposed Chinese state-backed HK$1.55 billion bail-out of the business.
Exhibitors in Dhaka upbeat about solar future
Getting on for 300 international exhibitors are attending the Solar Bangladesh Expo in Dhaka which opened today and runs until Saturday. pv magazine’s Syful Islam is walking the floors and hearing optimistic messages.
Singyes state bail-out vote at end of the month
Shareholders in the heavily-indebted solar project EPC and building-integrated PV manufacturer will vote on the last day of the month on the proposed takeover of the business by a Chinese state-backed entity. No news has emerged of a winding-up order due to be heard yesterday.
Wacker slashes profit forecast amid polysilicon price slump
German polysilicon producer Wacker Chemie AG has reduced its earnings expectations for 2019, citing low prices for polysilicon. The company blamed the polysilicon price slump on oversupply from competitors in China, which muted an expected price increase in the second half of 2019.
Solargiga’s unaudited Jan-Sept revenue spikes 11% on year
The Hong Kong-based solar manufacturer appears to have posted impressive revenue gains this year, based on preliminary, unaudited operating results for the first three quarters of 2019. But as the troubled company continues to pin its hopes on a much-anticipated turnaround in Chinese solar demand, its long-term outlook remains uncertain, mere weeks before the scheduled de-listing of its shares in Taiwan.
AC Energy, UPC Solar set up new Asia-Pacific joint venture
Philippines-based AC Energy will work with UPC Solar Asia Pacific – the solar energy unit of Hong Kong-headquartered UPC Renewables – to build more than 1 GW of solar in the coming years, with an initial focus on Asian markets such as India, South Korea and Taiwan.
