- Industry Roundup
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- PV Modules
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Chinese PV manufacturer Chaori Solar has become China’s first firm to default on a domestic bond after missing an interest repayment.
The pipeline of approved PV projects in the Philippines reached over 1GW in January, according to the country’s Department of Energy (DoE).
RESolve energy consultant Madhavan Nampoothiri says the US complaint to the World Trade Organisation (WTO) regarding India’s national solar mission (JNSSM), can only serve to antagonise India.
Wuxi Suntech is currently upgrading cell and module production lines in China ahead of plans to increase in-house module capacity in 2014, according to its recently appointed CEO, Eric Luo.
China’s leading Monocrystalline wafer producer, Solargiga has acquired Chinese solar EPC services provider, Jinzhou Wintek Silicon Materials for approximately US$2.5 million. Solargiga’s ingot/wafer subsidiary, Jinzhou Yangguang was responsible for the acquisition.
According to press reports in India, the country’s Union commerce and industry minister, Anand Sharma has accused the US of being overprotective following its recent solar trade complaint.
Guam is finally beginning its first foray into the renewable energy sector, as NRG Solar and Boeing announced that construction had begun on Dandan, a 25MW solar power plant.
In an effort to boost India’s slumping PV market, the Solar Energy Corporation of India (SEIC) is planning to construct a 1GW solar park in Andhra Pradesh state along with adjoining PV manufacturing facilities.
In a Hong Kong stock market statement, Hanergy Solar said it expected more than a 50% increase in net profits for 2013, compared to the previous year.
A JV PV module assembly plant (Vitec Global Solar) between ReneSola and semiconductor and electrical products supplier, Vitec will produce Virtus II modules at the plant in Japan with an annual nameplate capacity of 80MW.
LDK Solar has appointed provisional liquidators in the Cayman Islands as it begins insolvency proceedings.
Two Taiwan-based solar cell manufacturers, Neo Solar Power (NSP) and Topcell Solar International (TSI) have concluded new short-term wafer supply contracts from GCL-Poly totalling approximately 4GW.
The new-look Wuxi Suntech plans an expansion of its sales team in Europe with the UK picked out as a particularly strong prospect.
A modest decline of around 10% in the feed-in tariff rate is expected in Japan, while near term demand for solar remains “very strong” in the country, according to Deutsche Bank.
Japanese PV manufacturer, Kyocera is preparing to launch solar modules around mid-year with multicrystalline cells with 18.6% conversion efficiency.