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Asia

Another billion-dollar quarter for JinkoSolar

Despite the challenges to both the manufacturing and shipment of its products during the period, JinkoSolar today reported that it shipped 3.4 GW of modules in the first quarter of 2020, bringing its revenue for the quarter just over the billion dollar mark.

Analyst expects ‘unprecedented’ consolidation of Chinese solar industry

Private PV manufacturers and project developers alike are set to be squeezed out by the state in the world’s biggest solar market, according to Frank Haugwitz, who has compiled a wide-ranging report as preparations for the next five-year plan gather pace.

Seraphim signs module supply agreement in Australia

Chinese solar manufacturer Seraphim has strengthened its local distribution network in Australia on the back of a 50 MW high-efficiency solar modules supply deal with Raystech Group.

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Philippines UAC announces takeover bid for Infigen Energy

UAC Energy Holdings, a joint venture of Ayala’s AC Energy and Hong Kong-based UPC Renewables Group, said it would offer $777 million to buy Infigen Energy, one of Australia’s most prominent renewables companies.

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Adani chief talks solar and hydrogen storage opportunity

Covid-19 crisis has provided system operators with insights on keeping the grid stable with high levels of renewable penetration. Post Covid-19, this may be the new norm, Gautam Adani said in a LinkedIn post recently.

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Okra Solar’s new tech is a one-two punch against energy poverty

Okra Solar, the Aussie startup we last saw delivering solar mini-grids to remote communities via a shared ping-pong table, is emerging from Covid-19 lockdown with new investors and two new pieces of tech that will better enable solar energy access to the 900 million people around the world still lacking power.

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Solar could hold advantage in post-pandemic global energy sector

The International Energy Agency has acknowledged dramatic falls in energy investment caused by the Covid-19 crisis but said renewables, including PV, offered an attractive proposition to investors as the dust settled, given their enticing economics and short turnaround times.

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Japanese golf course becomes 100 MW solar park

A new 100 MWp solar power plant supplied with Kyocera solar modules has begun operation in Japan’s Kagoshima Prefecture. Operated by the Kyocera-backed Kanoya Osaki Solar Hills LLC joint venture, the plant is one of the largest PV facilities on the island of Kyushu. Venture partner Tokyo Century arranged financing for the project with 17 regional banks.

Malaysia launches 1 GW solar tender

Sunday will herald the largest PV procurement exercise ever held in Malaysia. Half the available capacity will be directed to 10-30 MW facilities with the balance reserved for plants with capacities of up to 50 MW.

Canadian Solar sees turnover and profits surge

The Chinese-Canadian solar manufacturer reported a 41% year-over-year increase in total module shipments to 2.2 GW in the first quarter. Revenue grew by 70% to $826 million, while net profit improved significantly from $17.2 million to $110.6 million.

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