Asia

Chinese monocrystalline silicon firm Longi has agreed to purchase the assets of Comtec Malaysia, a subsidiary of Comtec Solar Systems Group, for a fee of RMB 200 million (USD 28.74 million), which adds to the company’s expansion across Malaysia after announcing a new manufacturing facility in the country in 2016.

The Solar Energy Corporation of India (SECI) has released a list of the winners for projects within the eagerly observed 500 MW rooftop auction, with prices falling to record lows, although full capacity details of the projects have not been included within the list.

Pace of Indian solar growth to accelerate this year as the nation is set to more than double 2016’s 4 GW capacity; however, headwinds regarding transmission and evacuation issues could slow expansion, Mercom says.

Data from the analysts reveals that a total of 1,776 MW of new solar capacity was tendered in the final month of 2016, with the Solar Energy Corporation of India responsible for more than 1 GW.

The two China-based companies have signed a cooperation agreement to bring 100 MW of solar to rooftops across the Chinese mainland.

Declining construction costs for solar plants have prompted the government to lower the amount of money it pays to newly completed PV farms.

Joint statement issued by the solar division of the Japanese electronics giant and Elon Musk’s Tesla says that production of PV modules will begin in summer of 2017.

As part of the green corridor project, the Power Grid Corp. of India will build power lines to transmit 20 GW of power capacity across 34 individual solar power plants. Project cost to run to $1.8 billion.

Using 1366’s groundbreaking kerfless silicon wafers and Hanwha’s proprietary PERC cell process, the cells’ remarkable performance was verified by an independent testing firm.