The hardest and most ‘controversial’ aspect of analyzing capacity expansion announcements is converting them to actual or ‘effective’ new nameplate capacity.
Leading global ‘Silicon Module Super League’ (SMSL) member JinkoSolar has officially announced that it is withdrawing from the EU minimum import price agreement, following a number of major China-based PV manufacturers and Taiwan-based producers.
Integrated PV module manufacturer SolarWorld is offering US solar installers commercial project funding resources amounting to US$225 million, guaranteed by REC Solar majority-owner Duke Energy, in California, Hawaii and the Northeast states of Maryland, Massachusetts, New Jersey and New York.
A total of 12 projects have been awarded funding in Australia’s breakthrough utility-scale solar funding round, with AU$91 million set aside for 482MW of capacity.
According to Deutsche Bank’s US market analyst Vishal Shah, strong PV manufacturing capacity expansion growth in the second half of 2016 and 2017 is expected to lead to a global 16% solar module oversupply through the period.
Renewables firm SunEdison currently in Chapter 11 bankruptcy proceedings said in a SEC filing that it had received around 100 bids for parts and all assets of the company, yet the ‘sum of the parts’ equated to approximately US$1.25 billion to US$1.7 billion of potential total gross proceeds, far below incurred debts estimated at almost US$12 billion, excluding its two yieldco’s.
Ohio-based racking and mounting equipment installer Solar FlexRack has installed its TDP turnkey tracker solution in Nebraska’s largest solar PV plant.
Chinese PV module and system manufacturer Canadian Solar has entered into a distribution agreement with DM Solar, a wholesale distributor of solar products headquartered in Guadalajara, Mexico.
Switzerland-based clean energy provider meeco Group has formed a joint venture with Zimbabwean electricals manufacturer Powerspeed Electrical to build clean energy projects in Zimbabwe.
BCPG, the renewable energy power producer of Thai oil refiner Bangchak Petroleum, could potentially raise up to 5.9 billion baht (US$170 million) from an initial public offering (IPO) this month, according to the company.
