Asia & Oceania

International solar PV systems integrator Phoenix Solar said that it was forced to lower its full-year revenue guidance, due to delays in securing previously expected PV power plant projects for completion in 2017. However, its project pipeline hit a new record.

The Clean Energy Finance Corporation (CEFC) has provided a AU$90 million loan to two Edify Energy solar projects near Collinsville, north Queensland, Australia, which are soon to start construction.

PV and electronics equipment manufacturing and automation specialist Manz AG said it expected to generate revenue of at least €350 million in 2017, including significantly improved and positive EBIT as it starts execution of its large CIGS thin-film orders.

India hit 13,652MW by the end of July, ADB is supporting Sri Lanka's rooftop solar scheme, Enertronica signed a contract for a Panama PV plant.

‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS reported inline second quarter revenue but margins continued to be impacted by declining average selling prices (ASP).

The opening bids in Malaysia’s 460MW large-scale solar auction have shown significant over-subscription with roughly 1,632MW of submissions.

India recently proposed a new strategy of supporting its domestic solar manufacturers by allocating 7.5GW of local content tenders to Central Public Sector Undertakings (CPSUs), but analysts have identified a number of limitations.

Leading PV microinverter supplier Enphase Energy reported a strong rebound in sales and shipments, which hit a new record in the second quarter of 2017, yet losses continue and its founding CEO, Paul Nahi announced his resignation from the company.

Mercom has projected 10.5GW for 2017, well up from 9,812MW in its April quarterly report, and the 9,020MW projected in January.

Leading PV microinverter manufacturer Enphase Energy has expanded in India by adding Sun-AP Ecopower and Redington as two new distribution partners and establishing a presence in Chennai by appointing a strategic account manager.