EPC

The Shapoorji Pallonji Group’s solar EPC business will hit the capital markets with an initial public offering on Aug. 6.

China’s slowdown in installations last year was more than made up for by expansion elsewhere, according to IHS Markit. The news comes amid increasing market fragmentation – with the biggest engineering, procurement and construction business boasting less than 3% market share – and internationalization, with almost half of the top 15 companies operating across more than one region.

Scatec wants to expand in Southeast Asia and Vietnam is poised to become a hot market thanks to a generous feed-in tariff and a government that has set tight carbon emission targets.

Loan defaults have brought business at the solar goods maker and EPC to a halt and a lack of progress reports on its formerly lucrative project contracts means there is no immediate prospect of seeing the company’s 2018 figures.

pv magazine recently caught up with Aaron Wu, executive vice president of Phono Solar Technology, the Nanjing-based PV manufacturer. Phono Solar is a bankable supplier, having achieved top tier status in 2014 and being part of SUMEC Group Corp., a diversified industrial group with over RMB 80 billion ($11.87 billion) in turnover in 2018.

The manufacturer endured a rollercoaster ride in 2018, as China’s 5/31 policy decision saw prices plunge before staging a partial recovery. But the Wuhu-based company saw an uplift in its development business and is forging ahead with production expansion amid bullish predictions for the future of PV.

Delays in achieving the full commissioning of Australian PV power plants are beginning to seriously impact project EPCs. Diversified engineering and infrastructure company, RCR Tomlinson has postponed its annual financial results, with speculation mounting that delays to the commissioning of a solar project has caused “a material negative impact” on its earnings.

PUC Distribution contracted Fluence to install energy management and storage systems that would allow business in a city in Ontario to reduce high peak-load charges. It is hoped this will reduce costs and help Canada hit its strict carbon emissions mandate.

The Zahid Group has invested an undisclosed amount in Germany-based Greencells. A key focus for the latter will now be hybrid systems in the APAC and African regions. An update on the 1.2 GW Sweihan solar project in Abu Dhabi was also given.

Turkish EPC and module manufacturer, Smart Energy highlighted the importance of high-quality products and the perks of operating a giga-fab right at the gates of Europe to pv magazine at this year’s Intersolar Europe.