China

PVMA figures show 75 GW of solar PV was installed in 2016

The PV Market Alliance has released its official solar installation figures for 2016, which, with a total of 75 GW installed, show a 50% growth from 2015, mainly driven by a mammoth year of installations in China, although the future would seem less auspicious as the two biggest markets show signs of retraction.

BNEF predicts “revolution” in the power sector due to low-cost renewable energy

In their 10 predictions for 2017, Bloomberg New Energy Finance’s chair and chief editor argue that we are entering a phase where low-cost renewable energy will come to define the power system, despite ideological and financial headwinds.

ACC announces rooftop project with Chinese food & beverage supplier

Asia Clean Capital (ACC) has a signed a power purchase agreement with Wahaha Group for a 3.5 MW commercial PV project. The capacity will be developed at 2 sites in Quzhou, Zhejiang province.

BYD plans 200 MW PV project in MENA

BYD has announced plans for major expansion in the Middle East region, including the construction of a 200 MW PV power plant. The project is expected to feature a storage application and aims to raise the company’s profile in the region.

China claims 34.2 GW of PV installations in 2016

The estimated 34 GW is far more than analysts had predicted, and nearly doubled the nation’s installed solar capacity.

Canadian Solar secures US$210 million loan for Thailand facility

Siam Commercial Bank plc (SCB) and China Minsheng Bank will jointly provide the manufacturer with a US$210 million loan to finance its new production facility in Thailand.

SPI threatened with de-listing over delinquent financials

The Chinese solar developer has yet to file financials for the second quarter of 2016, which has caused it to run afoul of NASDAQ requirements.

United PV’s generation jumps 25.6% in Q4

The aggregate volume of electricity generated by the Hong Kong-listed group’s solar plants reached 342.8 GWh in the final three months of 2016, up from 254.9 GWh a year earlier.

BNEF: Global solar investment fell 32% in 2016

While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.

Tata Power and Adani top India’s solar developers, ABB is biggest inverter supplier

Extensive research from Mercom Capital has found that up until the end of 2016 Tata Power was the largest operator of utility-scale solar in India with almost 10% of the market, while Swiss company ABB has the largest market share of the PV inverters in the country, although the Chinese manufacturers are expected to make a surge soon.