‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) has appointed a new chairman and chief executive officer as Zhu Gongshan, the majority shareholder with the GCL group steps down from the post of chairman of the board.
Major China-based PV module manufacturer Risen Energy has recently signed a framework agreement to build and operate a 5GW monocrystalline cell and module plant in Changzhou City, Jiangsu Province, China.
China-based polysilicon producer Daqo New Energy has announced that its long-term CEO, Dr. Gongda Yao is stepping down from all executive positions and would leave the company at the end of March, 2018.
Saudi Arabia’s omittance of the lowest ever solar bid from the final shortlist of its 300MW solar tender may have been a measure to restore investor confidence in the future of the market, according to a representative of global analyst firm GTM Research.
Finnish finance company FinnFund has provided US$15 million in financing to fund the construction of 10 PV projects in El Salvador, which will have a combined generation capacity of 100MW.
UPDATED: Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has shortlisted local firm Acwa Power and a consortium led by Japanese conglomerate Marubeni Corporation to develop 300MW of solar PV in Sakaka, Al Jouf.
The Church Pension Fund (CPF), a financial services organization that serves the Episcopal Church, has invested US$17 million in a fund that provides loans to microfinance institutions, distribution companies, and manufacturers in the off-grid solar sector in sub-Saharan Africa and South Asia.
India’s 100GW solar target is under threat from remedial action against imports of solar modules, unless a range of recommended solutions are considered, according to a letter from the Indian Solar Association to the Finance Ministry.
China-based independent PV power producer GCL New Energy Holdings (GCLNE) has reported preliminary full-year 2017 PV power plant operating results, which included cumulative installed capacity reaching a new record of 6GW.
