Solar manufacturer Yingli Energy has achieved what it described as a “critical milestone” after its restructuring plan was formally approved by a Chinese court.
Trina Solar and Tongwei have unveiled a multi-billion-dollar collaboration which will see the two companies invest in and co-develop multi-gigawatt solar supply facilities.
While the ongoing COVID-19 pandemic may have initiated something of a freeze on new solar financing deals in the US, significant interest in M&A remains and the incoming Biden administration could ease the logjam.
On November 12, a customer value focused conference entitled “Advanced PV Technology for Better LCOE - 182mm Module and System Technology”, was held in Shanghai.
Leading solar module manufacturer JinkoSolar has signed a long-term purchase agreement with solar polysilicon and cell provider Tongwei, worth nearly 100,000MT.
Iberdrola is set to double its renewables capacity by 2025 through a €75 billion (US$88.9 billion) investment package that sees the Spanish utility seek to take advantage of the “global energy revolution” and reach carbon neutrality in ten years.
Major module manufacturers in China have called on the country’s government to intervene and ease solar-grade glass shortages they have said are “out of control”.
Total solar installations are to hit 115GWdc this year as the sector continues to record a robust recovery from the COVID-19 pandemic, analysis by Wood Mackenzie claims.
