Asia

Solibro will probably file for insolvency this month, according to German media reports. However, the company has yet to publicly confirm the matter.

The opening pages of the first-half update published on the Hong Kong exchange made all the right noises with the company set to be acquired by a Chinese state-owned entity. But the balance sheet makes for shocking reading.

The procurement exercise, which closes tomorrow, will be open to projects larger than 500 kW in size. The results will be announced on September 3.

Two reports have described how the world’s largest renewable energy market is moving towards maturity. According to the Brookings Institution, the Chinese clean energy market could become more open to Western investors and tech. A report by Fitch claims projects are moving back to inland provinces from coastal regions.

A ground-mounted solar project billed as Saudi Arabia’s largest to date has reached the finish line, and is now set to power the operations of a food and beverage conglomerate.

SolarEdge CEO and founder Guy Sella has taken a leave of absence to continue his battle with colon cancer.

The state-owned State Power Investment Corp Ltd has received a bid of 25 cents per watt for monocrystalline panels in a tender to procure 3.04 GW of PV module capacity.

The Indian Institute of Technology (IIT) Kanpur has issued an expression of interest to set up three solar-backed microgrid projects in the Indian state of Uttar Pradesh. The deadline for submissions for prospective developers is Aug. 30.

The latest figures show the solar policy vacuum, and related dearth of demand in China earlier this year accelerated price reductions for cell makers. Although prices are expected to rebound in line with renewed thirst for solar in China, cell makers such as Tongwei are feeling the pain.

The improved performance was achieved by using a methylene bridged material, the molecular dye DfZnP-iPr.

The fossil fuel giant announced the plan in its latest annual results. The company envisages rolling out electric vehicle chargers at its petrol and diesel stations.

The heavily-indebted Chinese BIPV manufacturer has warned the petition issued by the German lender to recover a disputed $6.27 million debt could threaten the survival of the business as it would halt a planned bail-out by Beijing.

China’s transition away from solar subsidies will redraw the industry’s expansion lines towards the country’s interior, experts have predicted.

A joint venture between Elsewedy Electric and EDF, along with Scatec Solar and its respective partners, have both commissioned PV projects near Benban, Egypt with a combined generation capacity of 195MW.

The utility has revealed plans to invest roughly $3 billion in the construction of a 5 GW solar park across two to three locations in the Kutch region of the Indian state of Gujarat. In a separate announcement, the New Delhi-based group opened global bidding to build 1.2 GW of grid-connected solar capacity throughout India.