Aug 23, 2013 - This week Korean polysilicon maker OCI puts off USD-104-million capacity expansion plan and Vestas posts bigger losses, while NPD Solarbuzz forecasts second-half solar demand from China and Japan of 9 GW and India unveils a 4-GW solar thermal power project.
In the middle of the week, South Korean polysilicon maker OCI Co (SEO:010060) said it had put on hold a capacity expansion plan of some USD 104m (EUR 78m). The company previously intended to install additional polysilicon production lines with a combined capacity of 10,000 tonnes at its plant in Gunsan, but decided to wait until prices in the sector start to stabilise.
This news came just a day after encouraging projections by market analytics provider IHS (NYSE:IHS), which said in a new report that capital spending by photovoltaics (PV) manufacturers is to rise by 30% in 2014 to USD 3 billion, marking the first increase since 2011. The jump will be driven by demand in emerging markets such as South America, Africa and the Middle East.
More details on: http://renewables.seenews.com/news/oci-puts-off-usd-104m-capacity-expansion-on-weak-market-373278
and on: http://renewables.seenews.com/news/capital-spending-on-pv-manufacturing-capacity-to-revive-in-2014-reach-usd-3bn-ihs-372786
PV DEMAND FROM ASIA PACIFIC TO HIT 16 GW THIS YEAR
According to another market research firm -- NPD Solarbuzz -- solar product demand from the Asia Pacific region will actually surpass 16 GW in 2013, marking a 90% year-on-year jump. China and Japan are to account for the stunning 9 GW in the second half of 2013, soaring 70% year-on-year.
As if to support the positive projections, India’s Ministry of New and Renewable Energy this week announced plans to build a 4-GW solar thermal power plant in the northern state of Rajasthan. Meanwhile, Hong Kong-based solar cell maker Goldpoly New Energy (HKG:0686) said Thursday it had agreed to acquire upon completion 400 MW of solar parks from local solar firm GD Solar Co Ltd.
More details on: http://renewables.seenews.com/news/pv-demand-from-china-japan-seen-at-9-gw-in-h2-2013-372981
on: http://renewables.seenews.com/news/indian-govt-eyes-4-gw-solar-thermal-power-complex-in-rajasthan-report-373398
and on: http://renewables.seenews.com/news/goldpoly-to-buy-400-mw-of-solar-assets-from-gd-solar-373293
VESTAS’ Q2 NET LOSS DEEPENS, GOLDWIND EYES 400% 9-MO PROFIT JUMP
Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) saw its second-quarter 2013 net loss expand to EUR 62 million (USD 83m) from EUR 8 million a year ago. Revenue fell by 26% year-on-year to EUR 1.19 billion.
For Chinese wind turbine maker Xinjiang Goldwind Science & Technology (HKG:2208) things look brighter. On Friday, the company posted a net profit for the first half of 2013 of around USD 15 million, up 28.6% on the year-ago period. The company said there were signs of recovery in the wind power industry but still competition was fierce. In the January-September period it expects net profit to rise by a skyrocketing 350% to 400%.
More details on: http://renewables.seenews.com/news/vestas-net-loss-deepens-in-q2-2013-372998
and on: http://renewables.seenews.com/news/chinas-goldwind-boosts-h1-profit-sees-400-jump-in-9-mo-373557
WIND FARMS FETCH 48% OF S AUSTRALIA’S POWER IN A WEEK
Last but not least, a new wind record was lauded on Friday. Thanks to strong winter winds, wind farm output in South Australia was enough to cover 48% of the state’s power demand in the August 11-17 week, the Clean Energy Council (CEC) said. During the same week, wind turbines installed throughout the country produced 7.6% of the power volume on the National Electricity Market. This is equal to the consumption of over 2.3 million Australian households.
More details on: http://renewables.seenews.com/news/wind-farms-fetch-48-of-s-australias-power-in-a-week-373527
(USD 1 = EUR 0.749)
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