Asia

SolarPower Europe and SAFE see a resulting contraction in the market, while EU ProSun is calling for the preferential treatment of EU solar manufacturers in the U.S. BNEF says a general window for negotiation of individual country agreements may be possible in the next few weeks.

Lithium ion (Li-ion) manufacturer, GS Yuasa has announced plans to establish a European subsidiary, and to construct a new manufacturing plant for lithium batteries in Miskolc, Hungary.

The German-headquartered EPC has been selected by project owners, BIM Group and AC Energy to begin construction of the solar plant in April in the Ninh Thuan province of the country.

Japan’s first solar PV auction has reaped disappointing results, with just 41 MW set to be developed. Under the revised FIT, meanwhile, 27.7 GW were cancelled. Despite this, JPEA is aiming for 200 GW of solar PV installs by 2050. Overall, cumulative installed capacity has reached over 40 GW. There are still many plans afoot for large-scale projects, although it is the rooftop sector, which holds the most promise.

According to China’s National Energy Administration (NEA), the country installed a total of 52.83 GW of solar PV in 2017, with cumulative capacity now sitting at 130.25 GW. Asia Europe Clean Energy (Solar) Advisory Co. Ltd (AECEA) forecasts this to reach 250 GW by 2020.

Myanmar market overview: There is vast solar potential in the country, primarily in off-grid, which is the number one driver of electrification, and proving a lifeline for many. C&I presents an interesting business case, but as with utility-scale projects there is still a lot to be done.

Longi Green Energy Technology has announced a new record conversion rate of 20.41% for its P-type PERC monocrystalline modules (type 60).

This week’s World Future Energy Summit (WFES) saw a letter of intent inked at the International Solar Alliance’s (ISA’s) pavilion to secure financing of up to US$5 billion with India’s YES Bank by 2030. The organization also signed deals for nine solar projects across five ISA member countries, including in the UAE, Saudi Arabia, Nigeria, India and Spain.

The Taiwanese Government is set to invest in the United Renewable Energy Company (UREC), which is expected to be officially formed in Q3 2018 by solar cell makers, Neo Solar Power (NSP), Gintech Energy and Solartech Energy. The new company will shift focus from cell manufacturing to downstream solar PV.

The Japanese equipment provider also reports an increase in its sales and operating result in the period; and said its machinery business was almost as planned in the quarter, due to steady sales of PV module manufacturing equipment and automated machines.