"We are grateful to Mr Tong for his dedicated services as a leader of ouw-shape solar panel mounting kit r senior management team over the past nine years. We thank him for his wisdom and wish to acknowledge him for his efforts and contributions during his tenure at the Company," noted Liu.

LDK Solar previously reported first-half 2015 consolidated net losses of US$43.6 million.

Tong took over as interim president and CEO in September, 2014 after LDK Solar’s founder and former chairman Xiaofeng Peng was forced to resign. Tong had joined LDK Solar in 2007 from GT Advanced Technologies.

US analysis firm GTM Research has published the latest commentary to highlight significant potential in Australia for energy storage, driven by the success of its PV industry.w-shape solar panel mounting kit

'The Australian energy storage market: Downstream drivers and opportunities', authored by GTM’s Brett Simon, predicts that by 2020, Australia will be installing 244MW of storage capacity on a yearly basis. In monetary terms, Simon predicts that what was an US$8 million market in 2013 will be worth US$448 million in five years’ time.

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Of this total annual capacity figure, as much as 132MW is expected to be deployed behind the meter and paired with PV in homes. Residential energy storage, with households storing their solar to reduce electricity costs, either by reducing their exposure to time-of-use electricity rates or simply by self-consuming a higher proportion of PV-generated power compared to more expensive power from the grid, is likely to drive the market on.

Residential storage will “explode” from 1.9MW deployed this year to 44MW in 2016, the report claims, with the above factors accelerated by big drops in the feed-in tariff (FiT) ratesw-shape solar panel mounting kit , or by FiT schemes closing early. The country has different FiT schemes for different regions, with different timelines for their phase out or degression. The removal of FiT incentives, replaced by what GTM called “paltry solar export tariffs”, will mean storage makes a growing degree of economic sense for homeowners.

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