‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) has reported a 30.5% decline in third quarter 2016 revenue, primarily due to a major slowdown in downstream PV project construction in China since the end of June and average selling price decline as overcapacity took hold in the quarter.
Leading integrated monocrystalline PV manufacturer Xi'an LONGi Silicon Materials has reported a 54.8% decline in third quarter 2016 revenue as the impact of a major demand slump in China after June’s feed-in tariff changes seriously curtailed PV power plant construction in China.
Japanese electronics firm Kyocera Corporation reported continued pressure on its solar sector sales as solar panel price erosion and weaker demand continued to impact financials of its Applied Ceramic Products Group Sales.
In this week’s Movers & Shakers segment, PV Tech reports on JinkoSolar bringing solar PV front and centre at Europe’s B20 Energy, Climate & Resource Efficiency Taskforce, former SEIA chief Rhone Resch’s new industry venture, and utility-scale wind and solar projects in south Australia. Also this week, PV Tech partners with the Global Energy Talent Index - complete the survey for a chance to win!
Suzlon Group has formed a joint venture with India-based renewables firm Ostro Energy to develop a 50MW PV project at Wanaparthy in the Indian state of Telangana.
India’s largest utility NTPC has invited bids for a single solar PV project of 250MW capacity to be set up at the Kadapa Solar Park in Andhra Pradesh under open category.
The Victorian government in Australia has confirmed plans to give a AU$ 0.30/kWh (US$0.23) payment to residential solar system owners that supply electricity to the grid during peak hours.
Spain-based renewable energy developer Gamesa will perform EPC for two projects developed by local firm Atria Power in the Indian states of Karnataka and Andhra Pradesh.
