According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.
China-based solar PV project developer and operator ReneSola is one of the first companies to publically echo the impact expected from the Chinese government’s decision to significantly curtail solar deployment, highlighting the solar module ASP decline of modules as a key benefit to downstream developers.
Indian solar developer Azure Power has secured US$135 million in debt financing for 200MW of rooftop PV projects across India from a consortium of development finance institutions.
Leading solar PV inverter supplier Huawei has teamed with advanced solar monitoring and analytics firm, Locus Energy to support its launch of its ‘FusionHome’ Smart Energy Solution to the North American market in mid-2018.
Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding (MoU) with one of the largest shipyard’s in the Middle East to share its expertise in solar power.
PV inverter manufacturer SolarEdge Technologies has reported a clean sweep in key financial parameters for the first quarter of 2018, which includes, revenue, shipments, gross margin, profitability and quarterly cash flow generation.
Major PV inverter manufacturer SMA Solar Technology has reiterated sales and earnings guidance for 2018, despite a rebound in its utility-scale business unit and growing energy storage sales.
SkyPower and Uzbekistan sign 1GW solar PPA, Grupo T-Solar acquires three Spanish PV plants, Enviromena signs 1MW rooftop solar PPA for Dubai date factory
Following last year’s announced cooperation with Tigo, PV inverter manufacturer GoodWe is now launching the DNS and SDT rapid shutdown inverter series with MLPE functionalities, a streamlined solution for the optimization of energy yields on the module level which is perfectly adequate for complex system designs and partial shadings – using optimizers on shaded modules recovers an average of 36% energy loss due to mismatch.
