According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.
The largest solar PV manufacturer in the world GCL Group has had its plans for a major 5GW manufacturing hub in Egypt approved by the National Authority for Military Production.
Private Kenyan power firm Kenergy Renewables has signed off on a 20-year deal to sell 40MW of PV power to the country’s state-run utility, Reuters reports.
Indian EPC firm Sterling and Wilson has won its first large-scale hybrid and energy storage turnkey EPC contract order in Western Africa, including what it believes to be both the largest battery storage project and single battery installation in the whole continent.
Data intelligence specialist firm QOS Energy is working with DHYBRID, a German manufacturer of modular energy management and smart grid controls, to add monitoring capabilities to PV-plus-storage, energy storage and other hybrid plant configurations.
Tunisia’s Ministry of Energy, Mines and Renewable Energies has issued a call for 70MW of solar PV projects in the second round of its 'authorisation regime'.
The Green Climate Fund, the African Development Bank (ADfB) and Africa50 investment fund are to collaborate on bringing solar energy to the Sahel region in the wake of ADfB launching its 10GW plan.
Leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology is believed to have entered into a Memorandum of Understanding (MOU) with Saudi Arabia’s major commercial and industrial trading company, El Seif Group to establish a large-scale solar manufacturing infrastructure in the Kingdom.
