Tamil Nadu Electricity Regulatory Commission (TNERC) has approved plans for the state utility to procure another 500MW of solar power to make up for a projected shortfall in reaching its solar Renewable Purchase Obligations (RPO).
According to Deutsche Bank’s US market analyst Vishal Shah, strong PV manufacturing capacity expansion growth in the second half of 2016 and 2017 is expected to lead to a global 16% solar module oversupply through the period.
India-based PV module manufacturer Vikram Solar has revealed plans to expand capacity to 2GW by 2019, up from recently completed expansions that have taken nameplate module capacity to 500MW.
BCPG, the renewable energy power producer of Thai oil refiner Bangchak Petroleum, could potentially raise up to 5.9 billion baht (US$170 million) from an initial public offering (IPO) this month, according to the company.
Australia’s Anti-Dumping Commission proposes to terminate its investigation into the alleged dumping of certain crystalline silicon PV modules exported from China into Australia.
Manufacturing Execution System (MES) software firm camLine has won a bid to supply its software to the planned AVANCIS, 300MW CIGS thin-film production plant in Anhui, China.
United PV and the United Nations Development Programme (UNDP) have partnered to jointly launch the “Panda Solar Power Plant”, which promotes both youth engagement and sustainable development in China.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in July and August, 2016 highlight the industry fears over a new period of overcapacity across the supply chain after explosive growth plans announced in the first half of 2016.
