china

Market research firm IHS remains bullish on the global solar PV market in 2016, forecasting installations to reach 69GW in 2016.

Chinese PV panel manufacturer Suntech Power will have to pay US$5 million in order to settle a federal class action lawsuit that accuses the company of withholding lackluster financial news from its shareholders.

European solar manufacturers have joined a protest in Brussels calling for the European Union not to grant market economy status (MES) to China.

China has officially overtaken Germany as the world’s leader in installed solar capacity after Beijing confirmed that 15.13GW was added in 2015.

Utility Shenzen Energy has launched the first solar securitised bonds in China, according to BOC International.

Italy’s largest utility, Enel S.p.A., has signed off on a non-binding framework agreement with Bank of China and the China Export & Credit Insurance Corporation (SINOSURE) to promote the development by Enel’s companies — especially Enel Green Power — of projects across the world, with the added help of Chinese EPC contractors and/or suppliers.

The UK and Germany appear to be increasingly at odds over the future of the solar price undertaking between the EU and China.

China-based PV energy provider United Photovoltaics Group is taking PV manufacturer and PV project developer Hareon Solar Technology to the China International Economic and Trade Arbitration Commission over failure to supply a total of 930MW of PV power plants under a previous agreement.

Solar developer SPI Energy has invested around US$4.6 million in an electric vehicle rental service in China, with the company expected to build branded charging stations and leverage its PV business to finance its growth.

China-based Photovoltaics Energy Provider (PVEP) GCL New Energy, a subsidiary of leading polysilicon and solar wafer producer, GCL-Poly expects to raise approximately US$302 million by way of a rights issue.