Estonia now has more options for rooftop PV
With new amendments to the Electricity Market Act, the Baltic country will now have its first technology-neutral auctions for renewable energy projects ranging in size from 50 kW to 1 MW, its feed-in premium scheme limited to generators up to 50 kW (which may favor solar), and more chances to create direct lines with single final customers.
Turkey’s Suoz Energy plans vertically integrated module production
The company resumed production at its manufacturing facility in western Turkey. Additional equipment, aimed at making production vertically integrated, was recently acquired from two Greek manufacturers
SolarPower Europe revises down global outlook for 2018… but only a bit
Despite recent developments in China, the European solar association believes global newly installed PV capacity this year will reach 102 GW, only 5 GW lower than its previous guidance.
France’s 50 MW tender for self-consumption ends up with only 2 MW of power assigned
The failure of the tender depended on a series of factors, the most important of which was the clarification of policy around fiscal exemptions for solar self-consumption in the case of third-party investment.
India: The first solar plant bid at INR 2.44 expected in August
The Indian Ministry of New and Renewable Energy (MNRE) says the nation will exceed 175 GW of installed renewable energy capacity as plans for bidding for 115 GW of renewable power projects to March 2020 were announced. The target for PV parks has been increased from 20 GW to 40 GW with some 41 parks in 21 states – with aggregate capacity of more than 26 GW – already sanctioned.
Shanghai Electric reveals plan to acquire 51% stake in GCL-Poly’s polysilicon unit
Shanghai Electric values the GCL polysilicon unit, Jiangsu Zhongneng, at around 25 billion CNY ($3.9 billion). Trading of shares of both companies was suspended today, pending the official announcement of the transaction.
EIB may finance 300 MW “unsubsidized” PV project in Spain
After securing a financial hedge for its Talasol solar plant in January, Israeli solar company Ellomay has now entered agreement with Deutsche Bank for the structuring of non-recourse senior debt financing for the project.
Engie acquires French solar developer Langa
The French energy giant has consolidated its new clean energy focus through the acquisition. The Langa group is expected to have operational PV assets of 165 MW in France by the end of the year.
Renesola revises up Q1 outlook despite China’s new PV provisions
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.
China shakes PV world
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.
