China

Debt-saddled GCL-Poly’s attempts to renegotiate $809 million of defaulted borrowings have been held up because of the coronavirus crisis unfolding in Europe, where one lender is based. Shareholders are due to vote tomorrow on a project sale which could generate $153 million of benefits.

The Chinese manufacturer has integrated the Solis 110 kW string inverter into its 5G tech platform. The company claims the upgraded device can offer stronger system returns and a lower levelized cost of energy. The price of the Solis-110K-5G inverter is €0.035/W.

Trina Solar has been producing its 500 W modules in series for a month now and plans to increase their output to more than 600 W in the future.

Manufacturer Solargiga referenced our website, rather than official channels, to have a stab at anticipating the possible effects of the public health crisis on the industry as it insisted production lines powered by bargain-basement electricity prices this year would help turn around a $50 million loss for 2019.

The transformer-free products have a power range of 3-6 kW and efficiency of 97.8%. The Chinese manufacturer says the devices are designed to accurately match the voltage and phase of the grid sine wave AC waveform.

Bailed-out solar project company Panda Green revealed it did not set any terms for repayment of RMB1 billion paid to third parties in 2017 as deposits to secure potential project rights.

Up to 150 GW of PV and wind projects could be postponed or canceled throughout the Asia-Pacific region by 2024 if the coronavirus-triggered recession continues beyond the current year, according to new research by Wood Mackenzie.

The coronavirus epidemic continues to batter the global economy, including the solar industry, but falling demand during lockdowns has brought negative energy prices as well as helping drive record solar generation, amid less-polluted skies.

A rebranded Singyes Solar was able to stave off a debt default meltdown last year thanks to a $200 million cash injection from the state but the turnaround appears to have come at a hefty cost in longer-term borrowings and employees.

A 120 MW solar plant located in a fishery near Cixi, in the Chinese province of Zhejiang, was recently completed. The plant, which has secured a tariff of RMB0.95 ($0.12)/kWh, is the second phase of a 320 MW project owned by Chinese developer Hangzhou Fengling.