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The pv magazine weekly news digest
In a week shaped by three pivotal reports that each forecast a bright future for solar, there was still a reminder of the industry’s unforgiving landscape for companies that fail to move with the times, and markets.
GCL raises $500m for multiple solar investments
Funding from a handful of private investors will be used for production ramp up of GCL’s PERC and HIT cell technology.
Inverter shipments to reach 90 GW globally by 2020, says GTM
New report suggests that PV inverters and module level power electronics will grow by an average annual rate of 11% between now and 2020, with central inverters set to relinquish market dominance.
IRENA forecasts 59% solar PV price reduction by 2025
New report from the International Renewable Energy Agency suggests that the average cost for electricity generated by solar PV could decrease by as much as 59% by 2025 compared to 2015 prices.
China's NEA releases PV installation target for 2016
The installation target, released late in the year, limits PV installations to 18.1 GW, however, there are various PV projects that are not included in the target, which could see total installations reach 20 GW and beyond.
Worlds largest off-grid battery system headed to Rwanda
The 2.68 MWh storage system will be supplied by German commercial system manufacturer Tesvolt, and will be connected to a 3.3 MW PV plant as part of an agricultural project.
Yingli Q1 profit of $72.8m is first for company since 2011
Chinese module manufacturer increases revenue, module shipments and gross margin in first quarter of 2016 following concerted effort to supply higher cost markets.
Operations start at Enel's 66 MW solar plant in South Africa
With production starting at the Tom Burke PV power plant, the Italian company now has nearly 160 MW of installed capacity in South Africa, as Enels groundbreaking year continues.
North American solar investors concerned about H2 oversupply
Deutsche Bank released some market analysis, addressing the concerns of North American solar investors, who fear a potential PV oversupply is on the horizon, changes to net metering policies, and rising Chinese competition.
Solar now India's fastest-growing new energy source, says Mercom
Report forecasts India to install around 5 GW of new solar capacity this year, and reveals a bulging solar pipeline that has surpassed 22 GW.
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