Asia

Singulus lowers outlook after delayed CNBM order

The German PV equipment provider will not achieve the sales and earnings targets set for this year. CNBM is not expected to place orders for the expansion of its CIGS thin-film production operations in China until the fourth quarter.

Sep 10, 2019 // Manufacturing News, Markets & Finance News, China, Asia, CNBM, Singulus, thin-film module, Avancis

Eric Luo: China will see just 20-25 GW of solar per year through 2025

The GCL System chief executive made comments that fly in the face of an expected solar gold rush in China that analysts predict will start this month. Though rising overseas demand will address overcapacity fears, according to Luo, the soundbite is sure to chill PV boardrooms across the world’s biggest solar market.

Sep 10, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, China, Asia, GCL, Eric Luo, Roth Capital Partners

Korean player to help deploy utility-scale PV plant in the Philippines

Deal documents have been signed for the Philippines to add a utility-scale solar project towards the southwest, a plant set be deployed by a foreign construction player.

Sep 10, 2019 // Plants, Large-Scale, Commercial, pv power plants, Asia, Philippines, Amatera Renewable Energy Corp, Charles Ji, tpc construction, moa

Philippines city prepares for 50 MW solar project first

Bacolod is expected to host its first large scale PV project within a year after domestic renewables firm Amatera signed a deal with Korean business TPC Construction Corp.

Sep 9, 2019 // Plants, Large-Scale, Commercial, Asia, Philippines, Bacolod, Amatera Renewable Energy Corp, TPC Construction Corp, Charles Ji, Ramon Luis Lacson

Japan’s largest floating PV plant catches fire after Typhoon Faxai impact

Kyocera’s 13.7 MW floating project at the Yamakura Dam was damaged by 120mph winds the typhoon brought to the coastal city of Chiba. Firefighters said the blaze may have been generated by the strong heat produced by panels stacking up.

Sep 9, 2019 // Plants, Large-Scale, Commercial, Floating PV, Japan, Kyocera, floating PV, Asia, Yamakura Dam, Chiba

Softbank injects another $10m into Swedish dye-sensitized solar specialist Exeger

The Japanese multinational lender is making its second investment in the Swedish start-up. The funds will help the company ship its first products next year.

Sep 9, 2019 // Markets & Finance News, Japan, Saudi Arabia, India, Asia, Softbank Group, Exeger, Giovanni Fili, Shigeki Miwa, Japan.

Panda Green writes off another $5.6m

The debt saddled renewables project developer has signed off on the sale of two wind farms in Shanxi at a loss of RMB40 million on investment. The sale will contribute up to RMB251.5 million to help pay off the parent company’s debts

Sep 9, 2019 // Markets & Finance News, China, Asia, Panda Green, Changzhou Zhaolian

Qatar solar testing facility ‘open for business’

After more than six years of scientific and technical research efforts in the solar sector, the Qatar Environment and Energy Research Institute (QEERI) is now targeting a major role in the industry itself.

Sep 9, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Grids, pv modules, Asia, Qatar, r&d, qeeri, testing, Dr. Veronica Bermudez Benito

UNEP: Solar the star of a decade of ‘incredible’ renewables momentum

Solar PV has seen a “meteoric rise” over the past decade, with more capacity installed than any other power source, according to a new report by BloombergNEF and the United Nations Environment Programme (UNEP).

Sep 9, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Germany, UK, China, Europe, Asia, bloomberg nef, unep, solar finance, development finance, reports, Inger Anderson

STI Norland expects 1.2GW of contracted mounting systems orders in 2019

Mounting systems specialist STI Norland said it had surpassed 3GW of cumulative installations with 1.2GW of contracted mounting systems orders expected in 2019.

Sep 8, 2019 // Plants, Large-Scale, Commercial, Japan, Spain, France, India, pv power plants, Europe, Asia, Mexico, North America, sti norland, pv trackers, pv mounting systems

Cambodia tender secures lowest solar power price in Southeast Asia

The Asian Development Bank-backed procurement round attracted 26 bidders for the 60 MW project, according to the development lender. The ADB says the low price secured will persuade neighboring governments to embrace auctions.

Sep 8, 2019 // Markets & Finance News, tender, Asia, Cambodia, Asian Development Bank, Southeast Asia, Siddharta Shah

High power prices, falling PV costs and new regulations behind Brazil’s solar carnival

The nation’s thriving distributed generation market is flying, as was evident at last week’s Intersolar South America trade show. The sector seems unconcerned by mooted changes to net metering incentives in the new year and when even an environmental non-believer like President Bolsonaro is on side, it is difficult to be pessimistic.

Sep 8, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Inverters, Solar, USA, Sungrow, Canadian Solar, China, South america, Latin america, Europe, Brazil, Asia, Fronius, Greener, North America, Intersolar South America, Solar Promotion, Florian Wessendorf, utility scale solar, Marcelo Sousa, Ada Li, Thais Zampieri Bitancourt, Julian Rau, Trina, Álvaro García Maltrás, Apollo Chai, Rodolfo Meyer, Portal Solar, Marcio Takata, Lucas Troia

Panda Green accepts $22.5m hit on sale of 540 MW of solar projects

The heavily indebted developer has cashed in two eight-project portfolios for an immediate $28 million windfall but accepted the sales recognize heavy losses as it continues to try and pay down debt.

Sep 8, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, China, Asia, Panda Green, Shanxi Silu Electricity Engineering Co Ltd, Changzhou Zhaolian Lvchang New Energy Ltd

Comtec ready to swim against the tide by outsourcing manufacturing

While the rest of China’s solar manufacturers take on ever more debt to expand their production lines as fast as possible, Comtec said it is ready to sell off fabs for the right money and will instead focus on project sales and lithium battery and EV business opportunities.

Sep 6, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, China, Asia, Comtec, John Yi Zhang

Big money for Turkey’s 500 MW solar factory

With the Turkish government having given Kalyon Enerji another three years to build the 500 MW facility it won a tender to construct with former partner Hanwha Q Cells, Ankara has now committed a $333 million “super incentive” to the fab.

Sep 6, 2019 // Manufacturing News, Markets & Finance News, Asia, Kalyon Enerji, Eren Engur, Hanwha Q Cells, Turkey

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