BNEF hedging bets on China’s solar installations in 2018

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.

Sungrow targeting 1500VDC central inverters in MENA region

Major PV inverter manufacturer Sungrow Power Supply Co is targeting the MENA region with its latest 3.125MW 1500VDC Turnkey Station as well as its SG125HV, the world's most powerful 1500VDC string inverter after showcasing them at the World Future Energy Summit being held at the Abu Dhabi this week.

Canadian Solar raises 2017 module shipment guidance

‘Silicon Module Super League’ (SMSL) member Canadian Solar has slightly increased its fourth quarter and full-year 2017 shipment guidance. However, the sale of US PV power plant projects, were not completed in the quarter, forcing the company to lower revenue guidance.

CEO of bankrupt Phoenix Solar to leave

International solar PV systems integrator Phoenix Solar has announced that its CEO, Tim P. Ryan is set to leave the company in the next few days, only around a month after the company entered insolvency proceedings in Germany.

Taaleri Group buys into Jordan’s largest solar farm development

A 30% stake in the largest solar power project under development in Jordan has been bought by Taaleri Group, which will participate in the construction and operation of the solar plant alongside the majority shareholder Abu Dhabi Future Energy Company (Masdar).

Oman oil and gas firm plans tender for 100MW solar project

Oman’s state-owned oil and gas company Petroleum Development Oman (PDO) has issued an Expression of Interest (EOI) document for its first renewable energy project, a 100MW(AC) solar farm to be built in the southern region of the country.