Markets & Finance

Leading Chinese polysilicon and wafer manufacturer GCL-Poly is to abandon plans for the US$1.3 billion sale of its wafer business.

The Japan Renewable Energy Foundation (JREF) has criticised a freshly issued set of rules in Japan that will allow utility companies to limit renewable energy output and lower feed-in tariff (FiT) payments in some cases.

The European Commission has reopened its investigation into solar glass imports for China after a request from EU ProSun Glass.

The US market for solar plus storage is predicted to grow more than twentyfold in the next three years, rapidly expanding from US$42 million in value this year to US$1 billion by 2018, according to GTM Research.

South Africa’s government has confirmed that successful bidders under the fourth round of its renewable energy programme will not be announced until the New Year.

The Chinese Ministry of Commerce (Mofcom) has urged the US to consider alternative solutions to its ongoing solar trade dispute following the final determination of trade duties yesterday.

The US department of commerce makes final ruling in China solar trade case giving some firms rates of 165%.

Québec-based power producer, Boralex has made an offer to acquire Enel Green Power’s French subsidiary.

The Australian government’s renewable energy division will trial the capabilities of on-grid energy storage to maximise the value of rooftop solar, announcing yesterday that it will provide funding for a trial by energy storage specialist Reposit Power.

Juwi has secured a new €300 million (US$377 million) finance package, clearing a key hurdle for its proposed takeover by MVV Energie.