Financial & Legal

Solar is dominating India’s renewable energy revolution, but there is a need to push various financing mechanisms for each solar segment to reach the country's vastly ambitious targets, according to a new report from Bloomberg New Energy Finance (BNEF).

Scatec Solar and Norwegian private equity firm KLP Norfund Investments have signed a 25-year PPA for a 40MW solar PV plant in Mozambique.

‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) has reported a 30.5% decline in third quarter 2016 revenue, primarily due to a major slowdown in downstream PV project construction in China since the end of June and average selling price decline as overcapacity took hold in the quarter.

Leading integrated monocrystalline PV manufacturer Xi'an LONGi Silicon Materials has reported a 54.8% decline in third quarter 2016 revenue as the impact of a major demand slump in China after June’s feed-in tariff changes seriously curtailed PV power plant construction in China.

Japanese electronics firm Kyocera Corporation reported continued pressure on its solar sector sales as solar panel price erosion and weaker demand continued to impact financials of its Applied Ceramic Products Group Sales.

Integrated PV module manufacturer SolarWorld has reported preliminary third quarter 2016 financial results that reflect the impact of overcapacity and global solar panel price declines after recently discarding both its revenue and profit guidance for the year.

Yesterday, the New York Department of Public Services commissioned a report that will aim to find the value of rooftop solar and other distributed energy resources.

In this week’s Movers & Shakers segment, PV Tech reports on JinkoSolar bringing solar PV front and centre at Europe’s B20 Energy, Climate & Resource Efficiency Taskforce, former SEIA chief Rhone Resch’s new industry venture, and utility-scale wind and solar projects in south Australia. Also this week, PV Tech partners with the Global Energy Talent Index - complete the survey for a chance to win!

EV manufacturer and battery specialist Tesla Motors has reported strong results with a return to profit in Q3 this year.

Major polysilicon producer Wacker Chemie has reported that polysilicon sales declined 6.8% in the third quarter of 2016, due to weaker demand and ASP declines, specifically in September.