Project developer Sunseap has announced plans for one of the world’s largest PV systems floating on seawater, to be built in the Johor strait which separates Singapore and Malaysia. The 5 MW system is expected to be completed in the first quarter of 2019.
German inverter supplier SMA has picked up two landmark projects in the APAC region. The 50 MW Minbu Solar Park in Myanmar, the largest solar array in the country, will deploy SMA’s Sunny Central platform, while string inverters from SMA’s Chinese subsidiary Zeversolar have been installed at a 20 MW floating project in Jiangsu.
Last December, the company’s CEO made a proposed transaction offer to acquire Canadian Solar. Mulling the offer, a special committee has now advised the company’s board to cease its review of the proposal, highlighting that it could not find sufficient certainty in the CEO’s ability to secure the funding for the transaction. Following the news today the CEO has withdrawn his offer.
In a joint effort with Kia Motors, Hyundai Motors is developing solar roofs and bodies for its EVs, hybrids and ICE vehicles to provide additional charging capacity. Depending on solar irradiation levels, the technology could provide 30-60% battery charge per day, the manufacturer says.
Chinese module manufacturer Trina Solar has launched its “all-in-one“ kit in Australia targeting the rooftop solar segment. Its expectations of the Aussie market are high, as the company continues to pursue overseas expansion to ride out the China government policy shake-up.
Despite political hurdles in key markets including China, India and Japan, Asia-Pacific remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.
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.
According to the Gold Member Solar Report by EnergyTrend (Q3 2018), monocrystalline module prices have fallen almost 20% this year, while those for polycrystalline modules have dropped by more than 25%. Increased consolidation among manufacturers and developers is expected to occur in China and the global solar market, with more merger deals, plans for capacity reductions and even factory closures.
The agency’s base case expects relatively flat growth in solar deployment over the next six years, but for solar to still dominate growth among renewable technologies. The agency’s estimates are again below those of major market analysts.
The Asian Renewable Energy Hub’s generation capacity has been boosted from 9 GW to 11 GW, as Macquarie Group has pledged to invest in the project that aims to export power to South East Asia, as well as supply big miners and green hydrogen projects in the Pilbara region, Western Australia.
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