China

D. E. Shaw Renewable Investments (DESRI) announced it has acquired First Solar’s Cove Mountain and Cove Mountain 2 projects in Iron County, Utah. The acquisition of the two projects, the sales of which were previously disclosed by First Solar and which total 180 MWAC in capacity, nearly doubles DESRI’s portfolio of First Solar-developed projects to over 360 MWAC.

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.

The Chinese manufacturer has officially unveiled its high-efficiency product in Melbourne after celebrating a 13.6 MW panel order from the nascent Hungarian PV market.

The Swiss equipment maker has announced a fresh, CHF18 million order from Oxford PV but the news may have been strategically timed ahead of today’s update that it has completed the sale of its headquarters building.

KORE Power today announced its intentions to build a lithium-ion battery manufacturing plant in the United States to support global growth efforts for its Mark 1 Energy Storage System.

The Chaoyang facility is the largest of the first batch of central-subsidy-free solar projects approved in the world’s biggest solar marketplace. China Power has awarded three construction contracts to entities owned by its SPIC parent company.

The Chinese e-mobility company has been hammered since Beijing’s abrupt reduction of electric vehicle subsidies in the summer. Korean outfit LG Chem’s shipment volumes have gone in the opposite direction.

The Chinese solar manufacturer today admitted it is in talks with its lenders and strategic investors about a break up of the company after its 2018 annual accounts revealed an apparently unserviceable debt pile. Any strategic investor is likely to constitute a Chinese state-backed bail-out.

The rollercoaster witnessed in recent years by Taiwan’s solar manufacturers is written all over the words of Jenny Hsu, global sales manager of Motech Industries.

Dubai has narrowly missed out on reclaiming the title of having the world’s cheapest solar photovoltaic (PV) energy, after receiving bids for the latest phase of a massive solar park on the desert outskirts of the city.

The latest date for hearing the petition will fall just four days after shareholders vote on a proposed Chinese state-backed HK$1.55 billion bail-out of the business.

Shareholders in the heavily-indebted solar project EPC and building-integrated PV manufacturer will vote on the last day of the month on the proposed takeover of the business by a Chinese state-backed entity. No news has emerged of a winding-up order due to be heard yesterday.

Hybrid organic-inorganic perovskites have garnered significant interest in the solar cell community in light of their excellent optoelectronic properties and low manufacturing cost. Meanwhile, in efforts to produce perovskite solar cells (PSCs) with yet higher efficiencies, considerable steps have been made in developing monolithic tandem solar cells.

Major polysilicon producer Wacker Chemie has warned its overall group profitability for 2019 would be around 30% lower than the prior year, due to continued weak demand from the solar industry in China and continued polysilicon prices declines to industry record lows.

Over the last decade, DuPont has surveyed more than 2 GW of PV installations and has analyzed a range of failure types and their causes. Hong-Jie Hu, DuPont’s solar technical and development lead in China, says that the materials giant is looking for Australian partners for its Global Field Survey program, with a particular interest in hot and humid and desert environments.