High-efficiency monocrystalline wafer producer Comtec Solar Systems Group reported a net loss of US$146 million in 2016, after previously announced write-down on assets at its Malaysian manufacturing facilities that were being sold leading mono wafer supplier, LONGi Green Energy Technology.
China-based independent PV power producer GCL New Energy (GCLNE) ended 2016 with 87 grid-connected solar power plants with a total capacity of 3,156MW.
Arguing that energy storage is “critical to ensuring a resilient, reliable, cost-effective and sustainable grid”, the Energy Storage Association joined with 52 other organisations to plead the place of storage in the Trump’s administration’s infrastructure priorities.
International PV developer and investor Sonnedix has acquired a 136MW solar portfolio from Centerbridge Partners, in what is claimed to be one of the largest PV transactions in Europe.
French power giant Engie Group is partnering with three firms to develop various solar-related projects in Indonesia requiring US$1.25 billion investment.
German PV systems integrator Phoenix Solar has reported a return to operating profit for the first time since 2010, with earnings before interest and taxes (EBIT) at €0.6 million (US$0.64 million), up from losses of €1.6 million last year.
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.
