By Reuters: “We fear a second wave of bankruptcies,” said the head of an association of EU solar producers. A sharp increase in solar power production in China and a sharp fall in domestic demand have sparked a sudden surge of cut-price exports, undermining a China-EU agreement to limit damage to European producers.
China produced 27 gigawatts (GW) of solar photovoltaic (PV) modules in the first half of 2016, an increase of 37.8 percent and installed 20 GW of new solar power capacity in the same period, three times as much as the same period a year ago.
However, demand has since tailed off. Solar projects operational since July face a reduced price paid by grid operators for their power. Cont'd...
Oliver Wheaton for Metro.co.uk: The massive solar plant, which will stretch out across the Gobi desert in the country’s Quinghai province, will cover 25 square kilometres of vacant ground space.
When finished the plant, called Delingha, is expected to have a capacity of 200 megawatts, which means it will power one million households all year round.
Delingha is the world’s first solar power plant to be run as a commercial entity after being jointly developed by BrightSource Energy from California and the Shanghai Electric Group in China.
The awesome structure will have six huge towers as well as thousands of solar mirrors which, due to their heat storage time of 15 hours, will be able to guarantee ‘stable and continual power generation’, according to Qinghai Solar-Thermal Power Group board chair, Wu Longyi. Cont'd...
Records 1 to 4 of 4