US-headquartered high-efficiency PV module producer SunPower Corp has announced a definitive agreement for leading microinverter firm, Enphase Energy to acquire SunPower’s microinverter business (formerly SolarBridge Technologies) in a staggered cash and share deal.
‘Silicon Module Super League’ (SMSL) member Trina Solar and building materials and PV systems developer China Singyes Solar Technologies Holdings have jointly secured a bid to build a 250MW ‘Top Runner’ PV power plant project in Tongchuan, Shaanxi province, China.
Leading CdTe thin-film PV module manufacturer First Solar held a ground breaking ceremony on 8 June 2018 for the construction of its new 1.2GW manufacturing plant near its existing flagship facility in Perrysburg, Ohio.
Finland’s Fortum has signed an agreement to sell a 54% share of its solar power company that operates four solar plants in India, with an aggregate capacity of 185MW, to UK Climate Investments (UKCI) (40%) and Elite Alfred Berg (14%).
According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.
China-based solar PV project developer and operator ReneSola is one of the first companies to publically echo the impact expected from the Chinese government’s decision to significantly curtail solar deployment, highlighting the solar module ASP decline of modules as a key benefit to downstream developers.
Pakistani financier JS Bank has partnered with local solar firm Nizam Energy on a PV module financing solution directed at small and medium enterprises (SMEs).
The largest solar PV manufacturer in the world GCL Group has had its plans for a major 5GW manufacturing hub in Egypt approved by the National Authority for Military Production.
