Taiwan’s Foxconn is moving more steadily into the solar PV market as its traditional business of building cellphones and other electronic devices starts showing cracks.
A senior Chinese official said yesterday that a cautious approach by the European Union (EU) to the on-going solar trade dispute is needed to avoid countermeasures by China.
Hong Kong-headquartered GCL-Poly and China’s Yingli Green’s have signed a major new agreement for the supply of PV modules to fill the former’s project pipeline estimated at about 1-GW.
The Indian state of Punjab has released a request for proposal document for allocation of 300-MW of solar PV in the first phase of its state solar policy.
Chinese solar mounting supplier Grace Solar has announced the completion of a 1.5-MW solar power plant in Japan. The company constructed the project for an unnamed local customer in Kawasaki.
What virtually anyone with even a passing interest in the energy industry has known for weeks has finally come to pass with yesterday’s announcement that the main operating unit of China’s Suntech Power has officially gone under.
Once the darling of the Chinese solar industry and the biggest solar company in the world, Suntech now lies in smoldering ruins, along with its founder and former chairman, Shi Zhengrong, formerly China’s richest billionaire.
The boom in India’s solar market, brought about by the Jawaharlal Nehru National Solar Mission (JNNSM), will result in a near doubling of the solar panels materials market in the next three years.
The Asian Development Bank (ADB) has signed a USD2 million equity investment in Simpa Networks, a company that offers a simple, prepaid payment platform to enable affordable clean energy solutions for underserved consumers in India.
One of the world's biggest solar-panel manufacturers, said it has defaulted on a USD541 million bond payment in the latest sign of the financial squeeze on the struggling global solar industry. Suntech Power Holdings’ notice that it defaulted brings China a step closer to consolidating its solar industry, which includes four of the top six panel makers.
The Japanese photovoltaic (PV) market is set to grow by 120 percent this year with more than 5-GW of newly installed capacity, which would make it the second biggest solar market after China, according to a new report.
In its report “The PV Market in Japan,” IMS Research, part of OHS, Inc, predicts that Japan solar will benefit from the world’s most attractive PV incentive policy to surpass both Germany and the US. New installations are expected to exceed 1-GW in the first quarter alone.
Following a 20 percent drop in prices and tighter margins, China is set to see the results of reorganization among solar-component manufacturers this year.
India’s domestic manufacturing capacity of photovoltaic cells and modules has increased from 200-MW to 2-GW since 2010, according to the Ministry of New and Renewable Energy (MNRE).
There will be some disappointment among developers after the Indian state of Karnataka announced the second round of allocations under its state solar policy.
China's top economic planner has issued a draft regulation showing lower-than-expected subsidies for distributed solar power projects, industry insiders said.
The fascinating end game being played over Suntech Power Holdings, the world’s biggest solar PV manufacturer in 2011, is rapidly gathering pace.
On Monday news broke that 60 percent of the company’s bondholders have entered a forbearance agreement under which they will not press for repayment of their loans, due this Friday, until 15 May. Given that Bank of China, one of the Wuxi, Jiangsu-based company’s largest creditors, had initiated legal proceeding for unpaid debt, the agreement should have come as a relief to some.
It looks like being another year of single-digit growth for the global solar photovoltaic industry but with strong growth in Asia Pacific making up for weakness in other regions, according to industry analyst firm NPD Solarbuzz.
In its new Marketbuzz 2013 report the firm predicts global solar PV shipments will be about 31-GW this year, up only 7 percent on the 29-GW shipped last year. For the first time, China will outpace Germany to become the leading PV consumer, while the top 10 markets will still account for 83 percent of global PV demand.
This report by the World Bank spells out what the world would be like if it warmed by 4 degrees Celsius, which is what scientists are nearly unanimously predicting by the end of the century, without serious policy changes.
Companies in Asia reveal expectations that regulations that could lead to rising costs for reporting and reducing GHG emissions will also be the main sources of climate-related business opportunities.
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