High-efficiency PV module producer and project developer SunPower has announced further restructuring plans that include the closure of its 700MW, IBC solar cell plant in the Philippines and a 25% reduction in its global workforce.
Taiwan-based merchant cell and module producer Neo Solar Power (NSP) reported an unexpected slump in November sales after several months of recovery, which was said to be due to deferred customer orders.
Struggling China-based PV manufacturer Yingli Green Energy has lowered full-year 2016 module shipment guidance after a weak third quarter but not as low as was possible on stronger fourth quarter demand.
US-based residential and small commercial PV installer RGS Energy is issuing new shares ahead of a final NASDAQ hearing in December 2016 over whether the company would be de-listed as it has not complied with the minimum stock price rule.
Taiwan-based multicrystalline wafer producer Green Energy Technology (GET) has reported a 5.2% revenue increase for November, 2016, which indicates a continued recovery in sales from the low point in August.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has secured US$141.5 million in project funding from Hanwha Asset Management to build and operate a 55MWp solar power plant in the Yamaguchi prefecture, Japan.
India’s ongoing demonetization scheme, which has divided opinion globally, looks set to improve the finances of Indian distribution companies (Discoms) in what could be a boon to the solar sector, according to consultancy firm Mercom Capital Group.