Joules Power to set up 100 MW solar plant in Bangladesh
Bangladesh-based Independent Power Producer (IPP) Joules Power Ltd (JPL) will install a 100 MW solar farm in the south eastern Chandpur district.
Shell acquires 49% stake in Singapore’s Cleantech Solar
Marking yet another PV investment, Shell has reportedly acquired a 49% stake in Singapore-based Cleantech Solar. There is an option to increase this after 2021.
2019 PV installations to hit 123 GW, global balance shifting, says IHS Markit
More predictions from IHS Markit reveal that 123 GW of solar PV installations are expected in 2019 – up 18% on the capacity additions expected this year. It also sees a market shift away from China, with two thirds of capacity located elsewhere. The overcapacity situation is also expected to ease.
Energy storage inverter shipments to reach 3 GW in 2018, 7 GW in 2022
According to IHS Markit, energy storage inverter shipments are on track to reach 3 GW in 2018, growing to 7 GW by 2022. Currently, SMA is the market leader. Overall, the competitive landscape is “highly volatile” with expectations that consolidation will continue.
Daqo relentlessly increases polysilicon output
Chinese polysilicon maker Daqo New Energy today announced it has raised its production capacity to 30,000 MT, with a further 5,000 to follow within six months, and 35,000 on top of that by the end of March 2020.
Wacker Chemie reaches agreement with Yingli over poly supply deals
If the German polysilicon manufacturer is the ‘Supplier A’ referred to in the Chinese panel maker’s annual report, Wacker has negotiated a near $33 million settlement from arbitration. As part of the settlement, Wacker will continue to supply its counterpart with poly up to 2028.
12 GW Indian solar plan shelved
Citing a recent dip in solar tariffs, the central government has withdrawn a plan to install 12 GW of PV capacity – out of total 15 GW envisaged – via the state-owned NTPC Ltd.
The ‘solar module cartel’ avoiding EU minimum import tariffs
Six lawsuits have been filed against Sunowe employees accused of evading €20 million of European anti-dumping and anti-subsidy tariffs. The case, now dubbed the “Solar module Cartel”, also involved the deputy district administrator of Erlangen-Höchstadt.
CREO 2018: A new era in the Chinese energy transition
A new era in the Chinese energy transition is on the menu and renewables are the order of the day, according to the latest China Renewable Energy Outlook (CREO). China will not require a gas bridge between coal and renewables, it finds, adding that renewables will become the core of the nation’s energy system by 2050, with annual PV installs of between 80-160 GW possible. Not only that, but electricity supply could be cheaper in this future than it is today.
Afghanistan announces EoI for 2 GW solar tender
Afghanistan’s Ministry of Energy and Water is calling for expressions of interest (EoI) for 2 GW of grid connected solar PV projects. The last date of submissions is December 20.
