Local Chinese Solar Industry Sees Second Half Revival
The Ministry of Industry and Information Technology sees China’s solar industry recovering this half as consumption grows abroad and local demand takes off. China, with capacity to produce more than 40 gigawatts of panels, made about 11.5 GW in the first half as exports slid 37 percent to 7.5 GW. While sales to the U.S., Japan and India increased in the period, they fell to Europe, which buys almost half the exports. China agreed with the European Union last month to curb panel shipments to the region to avoid penalties.
China to Hold Wind Power Market Leadership Despite Slowdown
According to a report from analysis firm GlobalData, China will remain as the world’s largest wind power market, at least until 2020. China has doubled its cumulative wind capacity each year between 2006 and 2011, growing at a compound annual growth rate of 76 %. However, the report also states that China’s growth began to slow in 2012 and is likely to continue as most Chinese wind generation remains disconnected from the transmission system. The nation is now looking to upgrade its grid infrastructure to integrate existing and new wind generation, which the reports say make take up to 5 years.
India Rejects Request for Retroactive Solar Tariff Cut
Indian regulators made a landmark decision for the country as they rejected a cut in solar tariffs paid to generators after developers said it would stall investments. The Gujarat Electricity Regulatory Commission dismissed a request by the state government to lower rates agreed under 25-year contracts signed in 2010. The decision contrasts with cuts in Greece, Spain, Romania and the Czech Republic as governments seek to lower the cost of subsidies and temper a surge in developments.
Mitsubishi Acquires Solar Stakes from France’s Energies Nouvelles
Mitsubishi Corp., a Japanese trading company, has purchased 50 percent stakes in another solar power station in France’s EDF Energies Nouvelles SA. No financial terms were disclosed, though the Nikkei newspaper reported that the purchases will cost about $20 million. Mitsubishi had earlier acquired a 50 percent stake in the Toul Rosieres solar power plant, also in France. The projects which have a combined capacity of 56 megawatts were acquired through Mitsubishi’s subsidiary, Diamond Generating Europe.