Up to 100 solar PV firms in Japan could face bankruptcy this year, with more than double the number of firms going bust in the first half of this year than the same period in 2016.
More than 80GW of solar PV will be installed just in 2017, despite a slowdown in annual demand growth, according to the latest ‘Global Solar Demand Monitor Q2 2017’ from GTM Research.
Indian power firm Hindustan Power has acquired fifteen ready-to-build solar projects in Japan totalling 150MW capacity, with plans to enter Bangladesh by developing four 25MW solar projects at Trishal.
Taiwan-based cell and module producer Neo Solar Power (NSP) said its downstream PV project subsidiary General Energy Solutions (GES) had sold a 14.68MW project in Fukushima, Japan and was the first time a Taiwanese company had completed and sold a utility-scale plant in Japan.
GE Energy Financial Services (GE EFS), the energy investing unit of General Electric, has raised what it claims to be the largest solar energy fund in Japan to invest in Japanese solar power projects.
Leading ‘Silicon Module Super League’ (SMSL) member JinkoSolar has secured a two year syndicated loan from a bank consortium led by Sumitomo Mitsui Banking Corporation (SMBC) to support increased module shipments growth to Japan.
JinkoSolar is to supply 38.4MW of PV modules to Fuji Electric’s solar plant in Tomakomai, on the northern Japanese island of Hokkaido, which will be coupled with a 10MWh energy storage system.
Major PV inverter manufacturer Sungrow Power Supply has entered into a supply distribution deal in Japan with Japanese trading company, YUASA Trading Co to expand its market share and provide better sales services in the country.
The Japanese subsidiary of leading ‘Silicon Module Super League’ (SMSL) member JinkoSolar has signed a cooperation agreement with Japanese EPC Quantum Power GK for 187MW of solar PV.
