Companies

Major Indian PV developer says this is a 'special one-off case', while one analyst warns of potential escalation in time of trade anxiety.

Leading polysilicon and multicrystalline solar wafer producer, GCL-Poly Energy Holdings has reported a loss of RMB 1,011.4 million (US$150.7 million) for its ‘Solar Material Business’ unit in 2018, citing the demand impact from the China 531 New Deal that led to overcapacity and rapidly falling selling prices.

Occitanie-based LUXEL has 1GW of assets either in operation, construction-ready or in development.

Sprng Energy, an India-focused renewable energy arm of London-based investor Actis, has acquired a 194MW operational solar portfolio from Mumbai headquartered conglomerate Shapoorji Pallonji Infrastructure Capital (SP Infra) in order to grow its India PV portfolio.

Firm’s deal to divest US leased assets for US$86.9m comes amid efforts to slim down its structure and reverse years of net losses.

The LEGO holding company and investment fund KIRKBI has acquired the US arm of solar developer Enerparc.

US-headquartered high-efficiency solar panel manufacturer SunPower Corp recently held its ‘Capital Markets Day’ event that indicated a slow turnaround in its business fortunes would be a key development in 2019. A key challenge for a company that has undergone several major restructurings in recent years has been the lack of profitability.

Project will utilise the grid connection of a soon-to-be-retired coal power plant.

French energy giant teams up with a Myanmar-focused off-grid energy specialist to help spur rural electrification across the Southeast Asian country with mini-grids combining PV, diesel and battery storage.

Norwegian utility Statkraft has partnered with flow machine specialist redT on a fully-financed solar-plus-storage offering for the UK’s thriving C&I renewables market.