Up to 100 solar PV firms in Japan could face bankruptcy this year, with more than double the number of firms going bust in the first half of this year than the same period in 2016.
More than 80GW of solar PV will be installed just in 2017, despite a slowdown in annual demand growth, according to the latest ‘Global Solar Demand Monitor Q2 2017’ from GTM Research.
Mondragon Assembly Solar, a division of Spain-based Mondragon Assembly Group has secured multiple new turnkey assembly and automated assembly equipment orders from Algeria, Egypt, and China in June.
China-based integrated PV manufacturer Renesola has appointed a third-party financial and legal firms to provide advise on the proposal by its chairman and CEO, Xianshou Li to purchase the PV manufacturing and LED distribution businesses so the company can move completely downstream.
Imported inverters could even be subject to an extra International GST tax, while an MNRE official told Mercom that there would be a 5% increase in solar project costs.
Norway headquartered integrated PV module manufacturer REC Group has launched its first product using monocrystalline solar cells, a compact 50-cell module, specifically designed for the Japanese residential market.
India reached 1,396MW of rooftop solar deployment at the end of March, with nearly half (678MW) of this installed just in the fiscal year 2016-17, according to the latest ‘India Solar Rooftop Map’ from Bridge to India.
Indian power firm Hindustan Power has acquired fifteen ready-to-build solar projects in Japan totalling 150MW capacity, with plans to enter Bangladesh by developing four 25MW solar projects at Trishal.
Solar developer Wirsol Energy, an arm of Wircon Group, has partnered Australian developer Renew Estate to develop a pipeline of more than 1GW solar PV capacity that is storage-ready.
Silicon Module Super League (SMSL) member JA Solar has supplied 50MW(AC) of its Percium mono modules for Malaysia’s first utility-scale solar project in Sabah, which is under construction.
