Bloomberg New Energy Finance (BNEF) is forecasting global PV demand in 2018 to be at 107GW, up from its estimate of 98GW in 2017. However, BNEF has given the largest single market China a wide installation range after its massive underestimation last year.
Bloomberg New Energy Finance (BNEF) has reported that Global solar investments topped US$160.8 billion in 2017, an 18% increase over the previous year and importantly, despite capital costs declining around 25%.
China-based integrated and merchant PV manufacturer Tongwei Group said it would report full-year 2017 profits to be in the range of 80 – 100% higher than in 2016, due in part to its capacity expansions of both polysilicon and solar cells and higher average selling prices (ASP’s) in the year.
After the significant upwards revisions made to global solar PV manufacturing capacity expansion announcements in the first half of 2017, which we reviewed in a previous blog, the third quarter was characterised by much more tempered plans.
A preliminary recommendation from India’s Directorate General of Safeguards Customs and Central Excise to impose a provisional 70% safeguard duty on solar cells imported from China and Malaysia has been branded as “ridiculous” and potentially catastrophic, by PV industry members involved in finance, project development and analysis.
‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) has appointed a new chairman and chief executive officer as Zhu Gongshan, the majority shareholder with the GCL group steps down from the post of chairman of the board.
Major China-based PV module manufacturer Risen Energy has recently signed a framework agreement to build and operate a 5GW monocrystalline cell and module plant in Changzhou City, Jiangsu Province, China.
China-based polysilicon producer Daqo New Energy has announced that its long-term CEO, Dr. Gongda Yao is stepping down from all executive positions and would leave the company at the end of March, 2018.
Major PV module materials and N-type mono IBC (Interdigitated Back Contact) bifacial module manufacturer Jolywood has recently secured over US$200 million for its first 2.1GW IBC solar production facility in a non-public share offering.
PV and electronics equipment manufacturing and automation specialist Manz AG said the 306MW CIGS module production plant for its Chinese partners, the Shanghai Electric Group and the Shenhua Group had started construction on January 4, 2018 and was expected to be completed by the end of third quarter 2018 with production expected to start in the middle of 2019.