Integrated PV module manufacturer SolarWorld is offering US solar installers commercial project funding resources amounting to US$225 million, guaranteed by REC Solar majority-owner Duke Energy, in California, Hawaii and the Northeast states of Maryland, Massachusetts, New Jersey and New York.
According to Deutsche Bank’s US market analyst Vishal Shah, strong PV manufacturing capacity expansion growth in the second half of 2016 and 2017 is expected to lead to a global 16% solar module oversupply through the period.
India-based PV module manufacturer Vikram Solar has revealed plans to expand capacity to 2GW by 2019, up from recently completed expansions that have taken nameplate module capacity to 500MW.
Chinese PV module and system manufacturer Canadian Solar has entered into a distribution agreement with DM Solar, a wholesale distributor of solar products headquartered in Guadalajara, Mexico.
Australia’s Anti-Dumping Commission proposes to terminate its investigation into the alleged dumping of certain crystalline silicon PV modules exported from China into Australia.
United PV and the United Nations Development Programme (UNDP) have partnered to jointly launch the “Panda Solar Power Plant”, which promotes both youth engagement and sustainable development in China.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in July and August, 2016 highlight the industry fears over a new period of overcapacity across the supply chain after explosive growth plans announced in the first half of 2016.
Solar ranks lowest in terms of projected Capital Expenditure (CAPEX) for electricity generating technologies in 2030, according to the National Renewable Energy Laboratory’s 2016 Annual Technology Baseline (ATB).
SunLink Corporation has expanded its portfolio of photovoltaic project solutions with the launch of the ‘TechTrack Distributed’ single axis tracker. TechTrack Distributed introduces ‘dynamic design,’ providing site flexibility and reductions in total project costs. TechTrack Distributed is the second single-axis tracker in the company’s TechTrack product line, joining the internationally deployed TechTrack Centralized. The new system is being showcased at Solar Power International 2016.
