PVinsights: Solar prices are on the brink of plunge amid sign of dimmed demand

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Polysilicon prices in China stagnate this week as the suppliers and the buyers hit a stalemate. As Chinese suppliers consider that current demand is solid, they still intend to boost the prices even though the attempts have not yet succeeded. Also, as expected ramp-up by new entrants are deferred and yearly maintenance are scheduled by some suppliers, the restraint in supply have strengthened suppliers attitude to hold the prices at current level. On the other hand, buyers are asking for price discounts as facing huge pressures from the downstream since the demand is not as robust. Therefore, the stalemate has kept the prices in China immobile this week. On the other hand, polysilicon prices slides on oversupply and the recovery seems impossible since the utilization rates of downstream wafer suppliers remain low in overseas market.

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SolarWorld Americas expects immediate infusion of cash to lift up U.S. operations

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“This financial reinforcement is good for our customers and suppliers alike,” Stein said. “It means quite simply that we can reassure our business partners that we will remain a reliable force not only in supplying leading solar technology but also in continuing to fight for fair trade in the U.S. market and improving market conditions there.”

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Digitalization of the energy sector is the only true financially viable way to achieve the Paris Climate Agreement objectives

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-Doubling the market share of renewables by 2030 would increase global GDP by over 1% or about $1.3tn
Renewable electricity new capacity increased to a record 138.5GW in 2016, accounting for 55.3% of all the gigawatts of new power generation added worldwide last year

-However, there is an investment gap over $5 trillion in renewable energy globally in order to meet the goals of the Paris Climate Agreement

-Hamburg-based EnerTech company reports digitalization is the key to unlock investments in renewable energy by using the possibilities of Internet of Things (IoT) and big-data-analytics

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