The new chairman of the Global Solar Council (GSC), Gongshan Zhu the founder, chairman and largest shareholder in the largest group of affiliated companies in the solar industry, GCL Group wants its members to raise between US$3 billion and US$5 billion for a new foundation to fund PV power plant projects as part of China’s ‘One Road and Belt’ business initiative.
Dealing with module warranties from out of business manufacturers is a standard problem in today’s market, according to representatives from an advisory firm that oversaw one of the largest renewable energy deals to date.
Major oil company Shell and European utility ENGIE are among investors to have pumped US$20 million into Husk Power Systems, a developer of microgrids which is expanding its efforts in Asia and Africa.
Shell has signed an agreement to acquire a 43.83% interest stake in US solar developer Silicon Ranch Corporation from investment manager Partners Group for US$193-217 million.
The planned merger of Taiwan-based PV manufacturers Gintech Energy, Neo Solar Power (NSP) and Solartech Energy to be called United Renewable Energy Co (UREC) is to receive an investment from the Taiwan government, according to reports.
Following an extensive research process over the past couple of weeks, we can now reveal the top-10 module suppliers (by shipment volumes) for the calendar year 2017.
China-based integrated monocrystalline PV manufacturer Solargiga Energy Holdings has reported preliminary 2017 financial results, highlighting a record 57.3% increase in external product shipments.
The majority of Taiwanese solar industry companies that are public listed on the TSE have recently reported December, 2017 sales figures, highlighting how elusive the recovery in sales has been in 2017.
International solar PV systems integrator Phoenix Solar has announced that its CEO, Tim P. Ryan is set to leave the company in the next few days, only around a month after the company entered insolvency proceedings in Germany.
After the significant upwards revisions made to global solar PV manufacturing capacity expansion announcements in the first half of 2017, which we reviewed in a previous blog, the third quarter was characterised by much more tempered plans.
