Major polysilicon producer Wacker Chemie has warned its overall group profitability for 2019 would be around 30% lower than the prior year, due to continued weak demand from the solar industry in China and continued polysilicon prices declines to industry record lows.
The French firm sees huge potential for more floating PV in Brazil, which boasts substantial hydroelectric infrastructure and generates 64% of its electricity from hydro power.
Opening of annual summit this week sees island flex muscle as clean energy innovation hub but can its PV makers bounce back after years of battering by rivals in mainland China?
Aurora Energy Research report calls on the UK government to intervene to ensure that low-carbon technologies – such as flow batteries, compressed or liquid air storage, hydrogen storage, or gas with CCS – can be delivered on a large scale to meet 2050 net-zero target.
The investment, which is contingent on approvals, would help the Mansour Group-owned developer roll-out solar, wind, distribution infrastructure and EV charging systems in Egypt and neighbouring states.
Complexity and costs may deter corporates from choosing avenue key to developers, lawyers Andrew Hedges, Caileen Kateri Gamache and Lee Donovan write in latest PV Tech Power issue.
Divestment of DG portfolio to Denmark’s Obton follows sales in countries including Poland and emerges after firm returned to profitability but noted rising short-term debt levels.
