GCL New Energy Holdings (GNE), the downstream independent PV power producer arm of leading polysilicon and solar wafer producer GCL-Poly Energy Holdings, has secured a HK$8,000 million (US$1.02 billion) in new finance.
For the most part, it will take some years for solar-plus-storage in the ASEAN region to become economically viable on a large scale, but panellists at the opening day of Solar and Off-Grid Renewables Southeast Asia event in Bangkok, have warned that investors who come on board quickest are going to gain a huge advantage.
Major Korean-based polysilicon producer OCI Chemical is expanding its production of high-purity polysilicon to meet greater demand for P-type monocrystalline wafers used with PERC (Passivated Emitter Rear Cell) technology.
If India’s anti-dumping duty petition results in the introduction of trade barriers without other policy level reforms, it will fail to achieve its original goal of supporting domestic manufacturers, having already created huge uncertainty in the whole sector, according to a report by consultancy firm Bridge to India.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has secured US$66.0 million in project financing in its second green project bond placement with Goldman Sachs Japan.
US-based solar module technology firm Solaria Corporation, which filed suit against GCL Solar Energy, Inc., a subsidiary of GCL-Poly Energy Holdings as well as Seraphim Solar System Co. Ltd due to claims of IP theft and breaches of Non-Disclosure Agreements has settled the litigation with GCL-Poly.
Many developers with solar assets in India are looking to sell their portfolios. Some of them have been in the market for a long time and are under pressure from their investors to find an exit, according to the head of consultancy firm Bridge to India.
US-based PV installer RGS Energy (RGSE) has increased its cash burn and pushed-out its expected return to break-even revenue from the first to the second quarter of 2018, as it spends on expanding its sales force and builds PV module inventory ahead of the final determination on the US ITC Section 201 trade case.
