China

Solar PV industry curbs dragged capital costs, and consequently, the total investment poured into the sector.

Its non-cash gains on bargain purchases of assets plummeted.

Huadian Group will take a 48% stake in the project.

It cited that it had sufficient capacity lined up for the coming years.

It is already building the control centres for the 500MW and 400MW wind farms.

It wants to raise industry competitiveness and rein in subsidy bills.

Analysts fear more could follow the footsteps of Singyes Solar, which defaulted in October 2018.

The plants, with a combined capacity of 6GW, aim to address energy wastage.

Vice president Sun Zhiyu also cited the depletion of river space.

It could be the world’s largest onshore wind project.

This will finance the construction of the world’s largest single-site concentrated solar power plant.

For several years now, European OEMs Vestas and Siemens Gamesa have firmly held the top two positions in lists of the leading global turbine manufacturers. However, a number of Chinese suppliers are hot on their heels and have been increasing their market share through continued dominance in their domestic market and growth in wider Asian markets and further afield. As the market leader within China, Goldwind currently sits third in the global list and is joined in the top ten by United Power and Envision. With other global up-and-comers including Sinovel and Ming Yang Wind Power, the Chinese turbine market doesn’t lack for depth.

The stake was sold for $44.69m.

It cited a broader equity selloff in the country.

The growth of coal-fired generation outpaced hydropower and solar due to unfavourable weather.

Manufacturers shifted production to Southeast Asia amidst the US’ anti-dumping and anti-subsidy duties.