SolarPower Europe revises down global outlook for 2018… but only a bit
Despite recent developments in China, the European solar association believes global newly installed PV capacity this year will reach 102 GW, only 5 GW lower than its previous guidance.
India: The first solar plant bid at INR 2.44 expected in August
The Indian Ministry of New and Renewable Energy (MNRE) says the nation will exceed 175 GW of installed renewable energy capacity as plans for bidding for 115 GW of renewable power projects to March 2020 were announced. The target for PV parks has been increased from 20 GW to 40 GW with some 41 parks in 21 states – with aggregate capacity of more than 26 GW – already sanctioned.
Shanghai Electric reveals plan to acquire 51% stake in GCL-Poly’s polysilicon unit
Shanghai Electric values the GCL polysilicon unit, Jiangsu Zhongneng, at around 25 billion CNY ($3.9 billion). Trading of shares of both companies was suspended today, pending the official announcement of the transaction.
Engie acquires French solar developer Langa
The French energy giant has consolidated its new clean energy focus through the acquisition. The Langa group is expected to have operational PV assets of 165 MW in France by the end of the year.
BNEF expects 34% fall in PV module prices in 2018
The organization is expecting carnage throughout the solar value chain as the result of reduced policy support for deployment in China.
JinkoSolar to supply sPower with 1.43 GW of panels
The massive order follows the 2.75 GW supply deal the Chinese manufacturer signed with NextEra, as it deepens its presence in the U.S. market.
Residential PV demand spikes as Vietnam eyes new installation targets
Residential solar installations have almost trebled in Ho Chi Minh City in the past nine months, in line with the Vietnamese government’s recently announced aim for solar arrays to be installed on 26% of the country’s homes by 2030.
UK government mulls public subsidy for nuclear
Business minister Greg Clark admitted in parliament yesterday the Conservative government is considering plowing billions of pounds of taxpayers’ money into the proposed Wylfa Newydd nuclear project in north Wales.
Renesola revises up Q1 outlook despite China’s new PV provisions
The Chinese project developer expects quarterly revenue to be higher by up to $15 million, and solar module prices to drop significantly in the second half of the year.
China shakes PV world
The solar superpower’s departure from its ambitious PV targets has shaken the industry and put a dampener on share prices. Analysts from U.S. investment bank Roth Capital expect a module oversupply mountain of more than 30 GW as a result of the policy change.
