IHS Markit published their overview of the highest ranking (in terms of volume) solar EPCs of 2017. With 6 firms in the top 10, China dominates the list, whilst just 1 European EPC made the top 10. As China accounted for more than half of the global PV additions in 2017, this wasn't completely unexpected. TBEA SunOasis Co claimed gold, and Sungrow, Power China, Beijing Enterprises Clean Energy Group, EDRI 11th Institute and Xinyi Solar all took top positions. Spanish company Prodiel managed to claim fifth.
India's finance ministry announced it will proceed to impose a 25% safeguard duty on solar cells and modules imported from China and Malaysia.
According to the latest report from Wood Mackenzie Power & Renewables and SEIA, the US installed 2.3 GW of new solar PV capacity in the second quarter of 2018, which constituted a 9% year-over-year and 8% quarter-over-quarter decrease. However, considering its first quarter, it still meant that the US added a record 8.5 GW over the total first half of the year. The research firm forecasts flat growth in 2018 vs. 2017, with another 10.9 GW of installations expected.
During the second of three planned auctions, the Japanese government awarded contracts to 9 companies for a total of 196.96 MW of solar PV capacity. The lowest bid came in at JPY 16.47 ($0.147 USD) / kWh.
The European Bank for Reconstruction and Development (EBRD) announced it will provide a financing package of up to $102 million USD to Akfen Holding for the realization of a Turkish renewables portfolio of 327 MW, including 85 MW of solar PV capacity.
Iconic electronics manufacturer Sony announced it joined the RE100 initiative, pledging to reach 100% renewable energy usage by 2040. Sony said it already operates half of its European businesses through renewables and will now expand these efforts globally, planning to use solar power at all its factories in Thailand, Japan and elsewhere.