Increasing demand for solar power in China has prompted analysts to boost their 2017 estimates, forecasting an increase of more than 9% this year, with the annual global market reaching 85 GW.
Figures published today by both IHS Markit and GTM research forecast annual growth in the global solar market in 2017, albeit at a slower rate than was seen in 2016. The analysts predict continued demand from the four largest markets, particularly China and India, as the key drivers behind this growth.
Latest data from market analysts IHS Markit reveals a utility-scale global battery storage pipeline of 3.4 GW, but the U.S. market is expected to slow as completions outpace new announcements.
The German/American PV maker has quarantined more than 60,000 PV modules in its inventory as well as recalling tens of thousands more, with a promise to replace the connectors.
The most recent funding influx means the California battery maker has secured $114 million to date, and the company has hinted at trying to break into the Chinese market.
The report led by a former Wall Street Journal editor gives national advice that mimics policies under President Obama’s energy department, but is unlikely to go anywhere under Trump.
The Chinese solar company shipped 5,232 MW in 2016 but saw its revenue fall from $3.5 billion in 2015 to $2.8 billion last year as the global price squeeze on solar modules hit the firm’s bottom line.
The Chinese PV maker has completed its merger transaction and will now become a private company. Trading of Trina’s shares on the NYSE have been suspended pending de-listing.
The company’s ENERGi systems will be used to enable more than 1 GW expansion of high-efficiency n-type mono cell capacity for an un-named customer in China, a big boost for the technology.
A preliminary finding by the U.S. Department of Commerce could lower import duties first imposed on Taiwan solar cell manufacturers in 2014 from high double-digits to single digits, while tariffs on Chinese module and cell manufacturers imposed at the same time remain in place.
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