The Chinese PV maker has joined its fellow manufacturers in expanding to Southeast Asia though a partnership with a Vietnamese cell maker.
Fully-integrated solar developer ReneSolar has signed a framework agreement with emerging PV player Beijing Enterprises Clean Energy Group to act as EPC for 335 MW of solar rooftop projects in China, which are due to be completed in just six months.
The dramatically falling costs of solar energy from the supply chain to the final product could see the average global price of solar power become cheaper than coal within the next 10 years, according to Bloomberg New Energy Finance, which is a position echoed by other experts.
Chinese monocrystalline silicon firm Longi has agreed to purchase the assets of Comtec Malaysia, a subsidiary of Comtec Solar Systems Group, for a fee of RMB 200 million (USD 28.74 million), which adds to the company’s expansion across Malaysia after announcing a new manufacturing facility in the country in 2016.
The two China-based companies have signed a cooperation agreement to bring 100 MW of solar to rooftops across the Chinese mainland.
Declining construction costs for solar plants have prompted the government to lower the amount of money it pays to newly completed PV farms.
Chief of Trade Remedy and Investigation Bureau at China’s Ministry of Commerce states that the proposed extension of the duties harms long-term interests in both China and the EU.
The New Development Bank, a multilateral development bank established by the BRICS nations, has sanctioned its first loan agreement – $75.6 million financing for a 100 MW Chinese solar farm.
China’s NEA has officially dropped the target to at least 105 GW by 2020, as well as setting goals for the PV industry and indicating that it will emphasize projects in Eastern China and the region around Beijing.
Developer ACC describes this as the largest mono rooftop array in Central China; regardless of rankings this is one very large rooftop solar plant.
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