The market for power conversion systems (PCS) used in energy storage is becoming “increasingly crowded” with competitors, while the diverse field of players will contribute to “rapid technological innovations and price reductions”, Navigant Research has said.
PV Tech was recently given the opportunity to undertake an in-depth interview with Rongfang Yin, vice president of Trina Solar Group to understand the potential business impact on the company of the recent Chinese government policy changes and what if any new strategies were required.
Acciona and Tuto Energy, who each own a 50% stake in the 404MW Puerto Libertad solar project in Sonora, Mexico, have signed a financing agreement for the project of up to US$264 million with four banks.
The UK's Department for Business, Energy and Industrial Strategy (BEIS) expects sub-5MW solar deployment to fall to between 50MW and 100MW each year as a result of its closure of the feed-in tariff scheme, its impact assessment reveals.
The UK government has confirmed it will close the small-scale feed-in tariff (FiT) on 31 March 2019 as planned and, crucially, close the export tariff to new installations at the same time.
Mexican asset manager Prana Power has acquired a 108MW Mexican solar project from Madrid-based Dhamma Energy and US-headquarted firm Sunpower, who partnered on developing the project since 2015.
Polysilicon producer REC Silicon expects its FBR (Fluidized bed reactor) polysilicon production to decline 42% in the third quarter of 2018, after recently announcing further cuts in workforce and production at its Moses Lake facility that would operate at only 25% utilisation rates. The company noted that it was evaluating the possible suspension of all of its solar related materials business in the US.
More than 8.6 million households have been electrified through India’s ‘Saubhagya' scheme, which seeks to provide solar, storage, LED lighting and other amenities to every willing household across the country, according to a release from the Prime Minister’s office.
PV Tech visits a mini-grid at a village in the heart of the North Indian plains to see how a bold mix of biomass, solar and energy storage technologies is transforming local businesses.
Major China-based PV module manufacturer Risen Energy, which entered PV Tech’s Top 10 module manufacturer’s rankings for the first time in 2017, has recently held a ground-breaking ceremony for its planned 5GW solar module manufacturing base in the Yiwu Information Optoelectronics High-tech Industrial Park, Zhejiang, China.
