Around 34.5 GW of PV was installed in China in the first three quarters – 1.5 GW more than expected by IHS analysts, who have raised their full-year guidance.
Analysts at Taiwan-based EnergyTrend and China’s PV Infolink have reported a further increase in demand for monocrystalline solar cells and modules in recent days. Their respective analyses on multi-crystalline products, however, do not match.
During the past three years, Philipp Schröder has built up and consolitaded the sonnen brand. Now the self-proclaimed “Sonnen Warrior” is going his own way, although he will remain an advisor to the German storage provider. Managing Director, Christoph Ostermann regrets the departure, but emphasizes that with the strong management team that has been established, he will continue to promote the company’s growth.
According to the German solar trade association, BSW-Solar the number of energy storage systems in Germany is set to double in two years. Already, politicians recognize the increasing relevance storage has, in light of the progressing energy transition.
Production of high-efficiency solar PV modules in the Austrian region of Carinthia should commence as early as December 2018. Using a fully automated production line, Energetica Industries says it is well equipped for competition with Asian manufacturers.
In what marks another major PV project announcement for Vietnam, the Germany-based company will supply equipment for a 258 MW PV system, and commission it upon its completion, scheduled for mid-2019.
The Taiwanese analysts expect that overcapacity will force some solar players to abandon their business or file for bankruptcy. IHS Markit also sees further price declines and consolidation in the third quarter, although it does forecast signs of a speedy recovery.
The latest figures from the Taiwanese analysts show that prices for monocrystalline solar PV products have fallen sharply in a week-on-week comparison. The price drop for wafer was even stronger.
Germany-based PV-storage provider sonnen has closed a new funding round from a group of investors led by Shell Ventures. Sonnen has already began to draw on the funds as it continues to expand market shares in the U.S. and in Australia. Shell Ventures is now a major sonnen investor and future cooperation agreement has been agreed to.
German EPC Goldbeck Solar shares the unfortunate details of a botched module supply deal with China Sunergy. To date, Goldbeck Solar claims it is yet to receive a single module and has been let badly out of pocket.
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