Ukraine

Xinyi Solar reported document earnings previously this month, not remarkably motivating favorable broach prolonging its strategies to increase manufacturing capability this year as well as following. Nonetheless, with PV need in Europe trick to its returns, the firm has actually approved the coronavirus epidemic might have an influence this year.

The federal government has actually recommended PV plant drivers approve a 'volunteer' 12.5% decrease in feed-in tolls. If designers decline, policymakers can enforce 15-25% cuts, albeit with repayment agreements expanded 5 years. The radical steps are being thought about to minimize the price of the state-owned Guaranteed Buyer body, which acquires all electrical power created in Ukraine from renewable resource centers.

Around 240 MW of brand-new installments were released from October 2018 throughout of September as well as roughly 70 MW were set up in the 3rd quarter of in 2014 alone, according to the accountable state body.

Lithuania’s Modus Group has finalised the construction of a 13.5-MW solar park in Ukraine, its first photovoltaic (PV) project in that country.

Green Genius, renewable energy company of the Lithuanian Modus Group, has implemented their first solar energy project in Ukraine.

The energy company wrapped up construction of the site in eight months. In March, DTEK commissioned a 200 MW site which was also installed in record time.

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.

The World Bank’s private investment arm, the International Finance Corporation (IFC), has agreed to provide a financing package of US$50 million to Kiev-based firm OTP Leasing for sustainable energy investments in Ukraine.

Ukraine’s favorite solar module manufacturer has posted another encouraging set of returns, after a difficult year in 2018. And Risen – which boasted 6.6 GW of annual production capacity at the end of last year, according to analysts at PV InfoLink – is committed to adding another 2.5 GW before 2022.

With power production up 133% year-on-year, revenues and EBITDA also rose significantly.

Ukrainian energy market reforms are continuing and amid uncertainty about future auction mechanisms and prices, attendees at the SEF Kyiv sustainable energy forum again called out the government for dragging its heels on the legislation. However, there was also evident optimism at the show.

De Raj Group and STC Energy have struck a deal to deploy an 88.371MW solar portfolio near Kiev, in a bid to capitalise on Ukraine’s feed-in tariff (FiT) scheme.

Scatec Solar has raised NOK1.32 billion (US$146 million) in a private placement for its global solar pipeline.

Risen Energy has announced a 148 MW module order will be completed this month as the Ningbo-based company expects to ship almost 1 GW of product to the country this year.

Hanwha Q CELLS has celebrated the grand opening of what it bills as the “largest” solar panel factory in the western hemisphere, a US$200 million facility in Dalton, Georgia, meant to supply 1.7GW to the US market every year.