According to provisional data from BloombergNEF (BNEF), global solar PV installations reached 109GW in 2018 as the cost of installing a megawatt of photovoltaic capacity fell 12%, which spurred markets outside China to increase installations.
PV inverter manufacturer KACO new energy is changing its business focus to include only string inverters and energy storage products, after its acquisition of Energy Depot, selling its central inverter business subsidiary in South Korea to OCI Power. Financial details were not disclosed.
Pacific Gas & Electric Company (PG&E), one of the largest utilities serving Northern California and the surrounding region, announced Monday that it will file for Chapter 11 bankruptcy.
Silicon wafer furnace to downstream PV power plant owner, Beijing Jingyuntong Technology Co (JYT) has reported its PV power plant capacity in 2018 totalled 1,239.11MW, an 18% increase over the previous year.
A series of issues that initially centered on the US Section 201 case, the US v China trade, China’s 531 New Deal and India’s trade tariffs, combined to slice around US$3 billion from the total global corporate funding into the solar sector in 2018, according to Mercom Capital Group.
Independent Solar Power Producer (IPP) Sonnedix has bought a portfolio of 28 solar PV plants from Italian energy company Graziella Green Power S.p.A., with a combined capacity of 53MW. Financial details were not disclosed.
