The Trump administration plans to make good on threats to cut ‘unnecessary’ regulation pertaining to energy and the environment, with plans to cut 25% of the budget for the Office of Energy Efficiency and Renewable Energy (EERE).
Specialist PV manufacturing equipment supplier Singulus Technologies expects to double sales in 2017 after its new order backlog in 2016 reached €109.9 million, a 310% increase over the previous year.
Hoda Atia Moustafa, Africa regional officer of the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, caught up with PV Tech to discuss the challenges of investing in PV in Africa.
China-based PV energy provider (PVEP) United Photovoltaics Group reported a 58% increase in revenue for 2016, driven primarily by the addition of 415.4MW of new PV power plants under ownership.
Major PV inverter manufacturer SMA Solar Technology came through another tough year with unit volume sold a record 8.23GW in 2016 but ASP pressure ensured sales were down. The bright spot was its commercial solar business unit, which bucked lower sales in the residential and utility-scale sectors with 27% growth, year-on-year.
Leading fully-integrated high-efficiency monocrystalline module manufacturer LONGi Green Energy Technology recently reported record total shipments and revenue for 2016, making it the fastest growing PV manufacturer in the industry.
The European Investment Bank (EIB) is to supply State Bank of India with a €200 million (US$214 million) 20-year loan to support €650 million of investments in five utility-scale solar PV projects in India.
Monocrystalline wafer producer Comtec Solar Systems Group has more than doubled expected losses for 2016, due to further write-downs on its Malaysia manufacturing facility with the pending sale of the facility to leading mono wafer supplier, LONGi Green Energy Technology.
The Asian Development Bank (ADB) has approved a US$175 million loan to India’s major network operator and utility Power Grid Corporation of India (Powergrid) relating to solar park transmission.
