China-based PV module materials and N-type mono module manufacturer Jolywood (Suzhou) Sunwatt Co expects net profit in 2018 to be in arrange of 22.65% to 41.9% lower than in the previous year.
China-based integrated polysilicon and merchant cell manufacturer Tongwei Group has guided net profit in 2018 to be flat to slightly up on the previous year, despite rapid solar cell capacity expansions.
India's Directorate General of Trade Remedies (DGTR) has recommended an anti-dumping duty of $US114.58/MT for a period of five years on imports of solar glass from Malaysia.
DEWA and KEPCO complete solar-wind-storage smart grid, Krinner Solar completes 7MW solar project in Hamedan, EU approves €1.24 billion support for renewables in Lithuania.
Major polysilicon producer Wacker Chemie has reported its polysilicon division was heavily impacted by the slump in demand due to China’s ‘531 New Deal’ as a reason for the sharp decline in revenue and profitability which declined significantly in 2018.
Enel subsidiary Enel Green Power Brasil (EGP Brazil) has signed agreements to sell three fully operational renewable energy projects totalling 540MW in Brazil to Chinese company CGN Energy International Holdings (CGNEI) for approximately BRL2.9 billion (US$776 million).
According to reports, Saudi Arabia’s National Industrial Clusters Development Program (NICDP) and petrochemicals to manufacturing conglomerate SABIC have signed MOU’s with LONGi Group and OCI to bring fully integrated solar manufacturing to the country.
