The solar glass manufacturer started insolvency proceedings in July. An investor’s bid has now failed, leaving over 200 employees facing layoffs.
A study conducted by the German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with India-based think tank the Center for Study of Science, Technology and Policy (CSTEP), found that India has the potential for more than 300 GW of building-integrated photovoltaic (BIPV) systems on its existing buildings alone. Moreover, according to a World Bank report, 70% of the buildings India will need to become a developed nation by 2047 are yet to be constructed, underscoring the vast future potential for BIPV systems in the country.
The European Commission has told pv magazine that it will unlikely prioritize operating expenditure (opex) support for solar and clean technology manufacturers, citing concerns about potential market distortion, even as insolvencies rise across the European PV sector.
German solar glass manufacturer Glasmanufaktur Brandenburg GmbH has filed for insolvency, affecting 247 employees at its Tschernitz facility, according to multiple media reports.
China’s Almaden says it will build a solar glass plant in the United Arab Emirates with an annual capacity of 500,000 tons, in line with its plans to globally expand as domestic profits fall.
Solar glass prices continued to climb this week, with 2.0 mm sheets rising 8% to CNY 13.5 ($1.85) per square meter and 3.2 mm sheets up 9.8% to CNY 22.5, according to the China Nonferrous Metals Industry Association (CNMIA).
China’s National Energy Administration (NEA) has issued final regulations for distributed solar power, replacing 2013 interim rules with comprehensive standards for project lifecycles.
Indian float glass manufacturer Gold Plus Glass has commissioned a new PV glass factory with an installed production capacity of 109,500 metric tons per year.
India’s Ministry of Finance has applied antidumping duties on solar glass imports from China in the range of $673 to $677 per metric ton and for imports from Vietnam at $565 per metric ton.
India’s Directorate General of Trade Remedies (DGTR) has proposed antidumping duties on solar glass imports from China and Vietnam. It says the landed cost of such imports aew lower than the selling prices and production costs of Indian manufacturers.
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