Monocrystalline wafer producer Comtec Solar Systems Group has said in financial filings that it would report a substantial net loss for the year, due to expected write-down of the assets related to its manufacturing facilities in Malaysia and China.
Key Taiwan-based PV manufacturers have reported December, 2016 sales and indicated fourth quarter and full-year sales figures, which were primarily impacted by a slump in demand in the second half of the year.
Monocrystalline wafer producer Comtec Solar Systems Group said it planned to sell its Malaysian facility and some of the installed production equipment to leading integrated monocrystalline ingot to module producer, Longi Silicon Materials.
China-based PV manufacturer GCL System Integration Technology (GCLS) has teamed with Vietnam-based OEM producer, Vina Solar Technology to establish a 600MW solar cell plant at Vina’s Bac Giang facilities.
A database of projects involving integration of renewable energy into the grid has been launched by Energy Networks Australia (ENA) and the Australian Renewable Energy Agency (ARENA) to help collaboration between the renewables industry and grid operators in Australia.
Driven by steep cost declines in PV equipment, solar is now almost on a par with wind energy and will soon become the cheapest form of energy in developing nations, according to the Climatescope 2016 report from Bloomberg New Energy Finance (BNEF).
