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%.
Meca Solar has launched ‘Hyperion-SR,’ which is touted to be the most advanced single row horizontal tracker on the market. Main features are minimum number of piles per MW, self-powered operation, wireless communications, extended slope tolerances and sophisticated optimization.
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.
The planned merger of Taiwan-based PV manufacturers Gintech Energy, Neo Solar Power (NSP) and Solartech Energy to be called United Renewable Energy Co (UREC) is to receive an investment from the Taiwan government, according to reports.
‘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.
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.
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’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.