Mexican asset manager Prana Power has acquired a 108MW Mexican solar project from Madrid-based Dhamma Energy and US-headquarted firm Sunpower, who partnered on developing the project since 2015.
Polysilicon producer REC Silicon expects its FBR (Fluidized bed reactor) polysilicon production to decline 42% in the third quarter of 2018, after recently announcing further cuts in workforce and production at its Moses Lake facility that would operate at only 25% utilisation rates. The company noted that it was evaluating the possible suspension of all of its solar related materials business in the US.
Africa-focused independent power producer Globeleq is to acquire Brookfield Asset Management’s interests in a South African renewable energy portfolio, involving six projects with a cumulative capacity of 178MW.
Indian solar tariffs have matched their lowest ever in the most recent 2GW and 3GW auctions for Interstate Transmission System (ISTS)-connected projects. Payal Saxena and Ali Imran Naqvi of advisory and engineering firm Gensol Group, decipher how such low prices are possible.
China-based integrated monocrystalline PV manufacturer Solargiga Energy Holdings has reported a small increase in external shipments in the first half of 2018, while revenue declined by less than 10%.
‘Silicon Module Super League’ (SMSL) member JA Solar has said that its previously planned acquisition by an investor consortium via an all-cash transaction led by its founder, chairman and CEO, Baofang Jin had been completed, resulting in de-listing from the NASDAQ stock exchange.
China-based polysilicon and wafer producer Daqo New Energy is feeling the significant impact from the recent change in the Chinese government’s solar deployment policies as multicrystalline wafer shipments have been slashed by as much as 50% for the second quarter of 2018.
UK development finance institution CDC and its Africa-focused independent power producer Globeleq are providing US$66 million in debt financing for Malindi Solar Group to build a 52MW solar PV plant in Southeast Kenya.
