‘Solar Module Super League’ (SMSL) member, LONGi Solar has signed a framework agreement to buy Vietnam-based solar cell and module OEM (Original Equipment Manufacturer), Vina Solar for RMB 1.78 billion (US$253 million).
Politburo resolution proposing green energy targets for 2030 (15-20%) and 2045 (25-30%) emerges as country embarks on FiT-to-auction shift to ease PV grid bottlenecks.
South Korean solar-grade polysilicon producer, Hanwha Solutions is to exit the business by the end of 2020, following OCI’s decision to shutter polysilicon plants in the country.
With developers facing months of delivery delays for Chinese solar parts, India has said it will consider extending deadlines for PV projects scheduled to be switched on this summer, relieving developers from costly fines.
Coronavirus-driven manufacturing delays and supply chain constraints in China are starting to impact both upstream PV manufacturers and downstream installers across other countries.
Country told competitive bidding could take PV market to ‘tens of gigawatts’ within 10 years, turning the page from grid chaos driven by feed-in tariffs last year.
Major Filipino power firm Aboitiz Power Corp is in early-stage planning to invest nearly PHP34 billion in around 1GW of wind and solar power in Pangasinan.
