Asia

The organization is expecting carnage throughout the solar value chain as the result of reduced policy support for deployment in China.

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 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.

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.

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.

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.

Greenko, backed by Singapore’s GIC and the Abu Dhabi Investment Authority, is set to buy the solar and wind portfolio of Orange Renewable. The move will constitute Greenko’s largest acquisition and will add 1 GW to its operational capacity to raise the company’s portfolio to 4.2 GW, just shy of the capacity held by ReNew Power Ventures, the country’s largest renewable energy company.

On Friday, three Chinese government ministries issued a joint “2018 Solar PV Power Generation Notice.” Its impact has been hotly debated since, with two key conclusions: the largest market segment – utility-scale PV – will take a pounding and not come close to last year’s record installation figure of just under 34 GW; and the expanding distributed generation market segment, which rose 360% from 2016 to 2017, will also be severely impacted by a 10 GW cap on new projects.

The Spanish power provider developed the pilot project with the Institut de Recerca en Energia de Catalunya and German spin-off Ineratec. Meanwhile, the European Power to Gas Platform has issued a paper demanding more regulatory certainty for power-to-gas, and to include it as an alternative in the cost-benefit analysis for grid extensions.

LG’s 56 MW PV park is the group’s largest in Japan and will join the string of energy schemes feeding big data into the conglomerate’s Energy Optimization Center, when it opens this year.