Solar stocks have been riding high and the recent deal between the EU and China has further bolstered a recovering sector, but analysts warn that a bull market, spurred by speculation, can be a fragile thing.
A proposed 6 MW solar scheme for the Cook Islands accounts for most of the 7.7 MW of solar being backed by the Asian Development Bank in the Pacific.
The global inverter market will shrink 5% in 2013 as price pressures counter rising shipping volumes, but there will be a strong rebound next year, according to IMS Research.
Solarpack has obtained funding for its large-scale PV projects in Chile from international finanical institutions IDB, the Canadian Climate Fund and Proparco.
Further details regarding the trade deal between the EC and China are expected to be announced on Monday. The EC and China reportedly agreed on 56 euro cents per watt.
The anti-tariff AFASE lobby group is calling on EU member states to reject the deal while EU ProSun is reportedly drawing up court papers. Commissioner De Gucht has yet to confirm details of the agreement.
The anti-tariff lobby group AFASE says the reported minimum purchase price for Chinese solar modules is too high — at 20% or more above previous prices — and does not have regression built in to match FIT rates.
The EC says polysilicon imports to China will not face duties until at least April. Some 70% of Chinese manufacturers have signed up to the EC-China trade deal but the minimum import price has not been confirmed.
Pro-tariff lobby group says the reported solar module deal between the EU and China violates EU laws. Trade commissioner Karel De Gucht is dismissive of a possible legal challenge.
The duration of the solar panel EU-China trade deal should be shortened, the floor price made more flexible and the UK government should soften the blow of ‘Brussels’ meddling,’ says the Solar Trade Association.
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