Policy

China-based PV energy provider (PVEP) Panda Green Energy Group has issued a profit warning for the full year 2018.

According to provisional data from BloombergNEF (BNEF), global solar PV installations reached 109GW in 2018 as the cost of installing a megawatt of photovoltaic capacity fell 12%, which spurred markets outside China to increase installations.

According to reports, Saudi Arabia’s National Industrial Clusters Development Program (NICDP) and petrochemicals to manufacturing conglomerate SABIC have signed MOU’s with LONGi Group and OCI to bring fully integrated solar manufacturing to the country.

Chinese solar companies are looking forward to an improvement in the domestic market in 2019 and welcome a phase of consolidation.

Solar Energy Corporation of India (SECI) is planning to develop its own renewable energy projects at the Indian archipelago of Lakshadweep, with an eye on coupling the projects with battery energy storage.

innogy plans 50MW of solar with Primus, Sudan plans solar and water harvesting in North Kordofan, TNB secures financing for 45MW solar project.

Saudi Arabia plans to install 60GW of renewable energy by 2030, an official has said in an interview with the UAE state news agency WAM.

A series of issues that initially centered on the US Section 201 case, the US v China trade, China’s 531 New Deal and India’s trade tariffs, combined to slice around US$3 billion from the total global corporate funding into the solar sector in 2018, according to Mercom Capital Group.

China’s top planning organisation has revealed new solar and wind policies for subsidy-free projects.

India’s renewable energy deployment is expected grow by 50% year-on-year in 2019 with a total of 15,860MW of installations, according to a report by consultancy firm Bridge to India.