Canadian Solar Inc. says it has entered into agreements with Dr. Shawn Qu and several unidentified potential equity partners regarding the plans to take the manufacturer private. It has also sold 30 MW worth of PV plants to its infrastructure fund in Japan.
Thailand-based Modern Energy Management (MEM) says it has teamed up with an undisclosed investor to develop a 130 MWp solar PV project in Myanmar. It is expected to come online in Q4 2019. Overall, the country is said to have a large-scale solar pipeline totaling 1.5 GW.
The driving force behind the innovative energy storage system installed at Amsterdam’s John Cruiff ArenA in the Netherlands, The Mobility House (TMH), talks to pv magazine about the death of the combustion engine, and how electric vehicles (EVs) are presenting both strong business cases, and unparalleled levels of flexibility via decentralized intelligence – blockchain technology – for electricity grids around the world.
In a Q&A with Bloomberg NEF (BNEF), two solar analysts tell pv magazine they see no PV module price rebound, continuing oversupply, and falling utilization rates. They expect Q4 could be a “hot market” for contract negotiations, while Chinese developers will start overseas construction earlier than planned for two key reasons.
Chinese manufacturer, JA Solar has secured a long-term buyer credit loan facility worth US$68.4 million for the procurement of equipment for its 1.5 GW wafer facility in Vietnam.
While overall global investment in clean energy saw a decrease of just 1% YoY in the first half of 2018, solar’s share dropped 19% following changes to China’s PV policy and lower project costs, says Bloomberg NEF (BNEF). It forecasts this trend to continue throughout the year.
Many expansion plans are still firmly afoot in the Chinese solar PV manufacturing industry, if the information pv magazine gathered from some of the country’s leading manufacturers at last week’s Smarter E event, are anything to go by. Indeed, Tongwei , Longi, Sunport and BYD are all progressing at full speed with their capacity ramp ups.
According to a new report from the PV Market Alliance (PVMA), the global solar PV market will only be marginally affected by the recent China policy decisions, and will grow to become an up to 200 GW market by 2022. Diversification will continue, with new segments accounting for up to 25% of the entire market by this time.
Solar PV capacity is set to grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation, predicts BNEF, while investments will reach US$11.5 trillion. Cost reductions will drive this charge, particularly in the battery market, which will benefit from the EV manufacturing ramp up. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels, with its continued dependence on gas.
In reporting its FY 2017 financials, Yingli has again revealed that “substantial doubt exists as to the Company’s ability to continue as a going concern.” It is seeking to agree on a debt restructuring plan with creditors, and is asking them to refrain from initiating bankruptcy proceedings. Overall, it recorded a 2017 net loss of US$510 million and total liabilities of $3.2 billion. It has not issued guidance for this year.
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