Solar to top 104 GW of new installations this year, finds GTM Research
Latest Global Solar Demand Monitor from GTM Research forecasts 6% annual increase in PV installation growth, although current largest markets will register 7% contraction while geographic diversification poised to grow.
The weekend read: China’s monocrystalline boom
Two large Chinese ingot and wafer makers have announced bold plans to expand their capacities beyond anything seen to date. In the process they could transform the entire upstream solar manufacturing landscape.
Global investments in small-scale solar rise 16% in Q1, one of few sectors to buck downward trend, finds BNEF
New quarterly figures from Bloomberg New Energy Finance (BNEF) show that investments in solar PV arrays of less than 1 MW hit US$14.3 billion worldwide in Q1 against 10% year-on-year contraction in global renewable investments.
GCL-Poly creates JV to build new 20 GW mono ingot fab in China
The Chinese solar energy firm announces details of joint venture with the Qujing Municipal Government in China to build a 20 GW monocrystalline ingot facility in Qujing.
Solargiga unit to increase stake in PV module maker for $1.6m
Jinzhou Yangguang Energy (Jinzhou Yangguang), a subsidiary of China’s Solargiga Energy Holdings, has agreed to buy a 17.8% stake in Jinzhou Yangguang Motech Renewable Energy (Jinzhou Motech) from Motech Suzhou Renewable Energy for CNY 9.96 million (US$1.58 million), in a cash transaction.
The weekend read: Cell manufacturer ranking
pv magazine teams up with solar market analysts at IHS Markit to run through the top 10 crystalline silicon cell manufacturers of 2017, and the events that shaped their market landscape throughout the year.
JA Solar CFO stands down for personal reasons
Herman Zhao resigned on March 27 from his role as chief financial officer for Chinese solar firm, JA Solar. The company affirmed that there had been “no issues involving its financial statements” that prompted the move.
The weekend read: Floating on optimism
The past year has been an exciting period for proponents of floating solar. A range of new projects and pilots have been announced across the globe over the past 12 to 14 months, with IHS Markit’s Solar Deal Tracker now listing floating PV installations in 24 countries throughout the world, all in varying stages of development.
Solargiga posts $16.96 million net profit in 2017
Solargiga Energy has recorded a net profit of CNY 107.5 million (US$16.96 million) for the year to the end of December 2017, from a net loss of CNY 239.149 million in the preceding 12-month period.
Brookfield, GLP establish JV to develop 300 MW of rooftop solar in China
Canadian asset management firm, Brookfield and Chinese industrial logistics provider, GLP will install C&I rooftop solar arrays across China under a new joint venture, eventually building out a 1 GW portfolio.
