- Industry Roundup
- Fab & Facilities
- Cell Processing
- Thin Film
- PV Modules
- Power Generation
Xiaofeng Peng the founder and chairman of insolvent Cayman Islands registered LDK Solar has resigned his position at the company including any director roles.
Norwegian PV developer Scatec Solar and the country’s overseas development finance body, Norfund, have agreed to jointly invest in solar projects in developing countries.
Clean energy fund manager Glennmont Partners has raised €500 million (US$657 million). The fund, Glennmont’s second, exceeded its €450 million target.
Coupled to a much improved supply/demand dynamic major polysilicon producer, GCL-Poly reported strong first half year results, benefiting from high-utilisation rates and stable pricing.
Wuxi Suntech’s business recovery since being acquired by Shunfeng Photovoltaic International has been short and dramatic according to Shunfeng’s first half year financial results.
Integrated PV manufacturer, Solargiga Energy Holdings reported an 85.9% increase in first-half 2014 revenue as it expanded PV module production to meet increased demand from its main customer, Sharp.
Tier 1 PV manufacturer, Hanwha SolarOne reported lower module ASPs, gross margins and revenue for the second quarter of 2014, while shipments increased slightly.
Residential PV services provider OneRoof Energy, a subsidiary of OneRoof Energy Group, has reached a deal with a third-party securing equity for a US$58 million residential PV financing fund.
The PV industry’s largest manufacturer, Yingli Green Energy revised down full-year module shipment guidance due to weaker than expected demand in China and US as it cut third-party cell and module purchasing to keep in-house production at high utilisation rates.
Taiwan-based solar cell producer, E-Ton Solar Tech reported a second severe sequential decline in revenue for July, 2014.
GCL Poly has secured two new credit lines worth a total of US$490 million. Downstream affiliate GCL New Energy also confirmed it had secured a 95% interest in a project in Jiangsu Province.
US residential solar installer and leasing company Vivint Solar is preparing to make an initial public offering (IPO) of common stock, having made a filing with the US Securities and Exchanges Commission (SEC).
Suniva will offer leases and PPAs to community groups through the partnership with TCC.
Major PV manufacturer Trina Solar took a hit on margins in the second quarter of 2014, while module shipments soared as China and US markets rebounded strongly.
China-based PVEP, Hareon Solar Technology has signed a number of project development deals in China and Turkey totalling around 3,350MW. The company has also secured lines of credit with two Chinese banks totalling 20 billion Yuan (US$3.25 billion).