International renewable energy provider GCL New Energy, a subsidiary of GCL-Poly has signed a deal to sell 7 operational solar power plants in China with an aggregate installed capacity of approximately 294MW to one of the five largest state-owned electric utility enterprises in China, China Huaneng Group.
Current pipeline lies at such advanced stages that 3.6GWac of PV and wind could be commissioned nation-wide after 2019’s market lows, say Rystad Energy consultants.
PV might have only seen 30.22GW added throughout 2019 but ‘year-end rally’ hinted at by latest NEA figures may indicate market will rebound more than expected in 2020, analysts say.
Independent renewable power producer, Grupo T-Solar has secured funding of €567.8 million to refinance 23 PV power plants located in Spain, totalling 127MW.
Leading monocrystalline wafer producer, LONGi Green Energy Technology has guided a surge in net profits expected for 2019, due to increased manufacturing scale lowering production costs and with significant growth in overseas market demand for its PV module subsidiary, LONGi Solar.
Industry association GÜNDER tells PV Tech it expects mix of large-scale tenders and net metering support for smaller systems will drive annual gigawatt-scale growth starting this year.
Andy Colthorpe and Liam Stoker are back reviewing the pivotal clean energy headlines from around the globe. Liam reports back from the World Future Energy Summit in Abu Dhabi where the future of the Middle East’s power grid was up for debate before the discussion moves on to Australia’s bush fires, the nation’s relationship with coal and what ‘Scotty from marketing’ might be able to learn from Germany.
Technology giant eyes full renewable electricity supply by 2025, while food group sets same goal for US operations and financial services firm claims to have already reached it globally.
