Canadian Solar

The Chinese-Canadian manufacturer reported a 1% decrease in sales in the third quarter, with net profit falling 19%, to US$55.2 million. Quarterly shipments were up significantly year on year, from 1.59 GW in July-to-September last year to 2,387 MW this time around. The company expects to ship up to 8.5 GW of panels and achieve turnover of up to US$3.16 billion this year.

PV InfoLink analyzed the key markets of China’s big module manufacturers, as well as product trends, based on export statistics. According to trade figures, the nation’s module exports totaled 34.2 GW in the first half of 2019, up by more than 90% from the corresponding period of 2018. In a nutshell, overseas demand has been strong in 2019.

German developer JP Joule is set to begin construction of a 25.4 MW solar plant to sell power on the spot market as part of a diversified plant portfolio. The facility, in the province of Alberta, will expand the increasing list of unsubsidized projects announced in the region in recent months.

The Australian utility-scale PV and wind industries have just gone through a record two years of construction and commissioning. More specifically, writes Rystad Energy’s David Dixon, utility-scale PV has transformed from a megawatt-scale market to one measured in gigawatts. The resultant boom in utility-scale PV in the country has attracted developers, EPCs and OEMs, from at home and across the globe.

United Arab Emirates (UAE) has witnessed the installation of what is being billed as its leading distributed solar project to date, scattered across dozens of locations.

The Italian fossil fuel company is not hanging around when it comes to diversifying into PV, with almost 1.5 GW of generation capacity plugged in since the start of last year.

Lightsource BP has signed financing agreements to develop its maiden utility-scale solar project in Australia.

Renewables investor NextEnergy Capital (NEC) has made its second major solar acquisition in the US, cementing its position in the market.

After emerging as the recipient of most of the Brazilian government’s public allocation of generation capacity, the Canadian-Chinese manufacturer has secured a large share of projects in auctions held by power companies Copel and, probably, Cemig.

Colombia’s still-dormant solar scene is poised for a major boost under a new partnership, bringing together a European and a Latin American player.

One of the largest solar projects to date in Colombia has cleared a key planning hurdle as president Iván Duque promised clean energy leadership at this week’s UN summit.

This week pv magazine was in Amsterdam for the sixth edition of the BifiPV workshop, where the discussion focused on the impressive achievements made by bifacial solar modules and the challenges the technology faces as it moves toward mainstream adoption.

MIT scientists claim to have created a material 10 times more black than anything witnessed to date. It is said to be able to absorb more than 99.96% of incoming light and reflect 10 times less light than other superblack materials. The invention may be interesting for the development of black silicon PV technology and carbon nanotube-based solar cells.

Canadian Solar has attained what it describes as a new milestone for PV cell conversion efficiency, taking five months to break its own record in the field.

Duke Energy Renewables has clinched another major solar acquisition in Texas, bringing its PV project count up to four in the Lone Star state.