The Chinese polysilicon giant’s net income fell nearly 23% year-on-year to $29.5 million in fiscal 2019, even though it posted a 16% year-on-year jump in revenue to $350 million. It expects its polysilicon output to soar in the year ahead, despite the threat posed by the coronavirus outbreak.
The U.S. asset management fund’s plan to cut future investment in coal is reportedly part of a climate-focused initiative to establish sustainability at the center of its business approach. The announcement comes weeks after the investor closed $1 billion of a record $2.5 billion fund focused on PV, wind and energy storage projects.
Stock in the polysilicon manufacturer appeared to be recovering in early trading on the Oslo exchange this morning after it cancelled plans for a private placement of as many as 50 million shares.
Electric vehicles could account for more than half of all passenger cars and buses sold throughout the world within the next two decades, according to a new report by BloombergNEF. Sliding lithium-ion battery costs will make EVs cheaper than vehicles based on internal combustion engines by the mid- to late-2020s, the research firm says.
The global market for solar trackers expanded by 20% in 2018, with total international shipments spiking 36% year-on-year to surpass the 20 GW mark, according to a new report by Wood Mackenzie. NEXTracker and Array Technologies maintained their industry dominance, but a number of smaller competitors claimed a greater share of the global market in the 12 months to the end of December than ever before.
Lithium-ion batteries are increasingly posing a competitive threat to coal- and gas-fired generating plants when paired with solar and wind projects in a number of markets throughout the world, without the need for subsidies, according to new research by BloombergNEF (BNEF).
Solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this as well.
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