Reports surfaced on Monday of former managers at one of the largest US solar companies Sunrun claiming that they manipulated key sales data around the time of the company’s 2015 initial public offering (IPO).
After announcements that India will hit solar cells and modules with an 18% tax under the new Goods and Services Tax (GST) Bill, some confusion has arisen about what level the tax will actually be set at.
New analysis from Deutsche Bank reveals that even if President-elect Trump follows through with all his anti-clean energy promises surrounding the Clean Power Plan, the Paris Agreement and the ITC, all is not lost for the US clean energy industry.
According to the latest analysis by Deutsche Bank and in contrast to market research firms, Bloomberg New Energy Finance (BNEF) and GTM Research the US solar market is expected to grow in 2017, heralding in the last ‘gold rush’ period through 2020.
The FUD (fear, uncertainty and doubt) over the solar industry entering it second major overcapacity cycle is being replaced by a focus on how much overcapacity verses end market demand exists, especially in 2017 and therefore how low will PV module ASP’s go?
According to Deutsche Bank’s US market analyst Vishal Shah, strong PV manufacturing capacity expansion growth in the second half of 2016 and 2017 is expected to lead to a global 16% solar module oversupply through the period.
The recent extension to the US investment tax credit (ITC) could enable First Solar to shift emphasis and therefore revenue generation to selling its CdTe thin-film modules to third parties rather than directly to PV power plant projects, according to a research note from Deutsche Bank analyst, Vishal Shah.
'Silicon Module Super League' (SMSL) member Canadian Solar has obtained a JPY12 billion (US$97.2 million) senior non-recourse project finance credit facility from Deutsche Bank for the construction of its 48MW Kumamoto Mashiki solar power plant in Japan.