- Industry Roundup
- Fab & Facilities
- Cell Processing
- Thin Film
- PV Modules
- Power Generation
PV and sapphire materials equipment specialist GT Advanced Technologies (GTAT) said it would undertake a major reduction in its global workforce as it reduces expenses inline with a revised business plan ahead of expectations of emerging from Chapter 11 bankruptcy in the first quarter of 2016.
The largest polysilicon producer GCL-Poly Energy Holdings increased production of both polysilicon and solar wafers to offset ASP declines that limited first half year revenue and profits.
PV thin film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) said in reporting first half 2015 financial results that it would be restructuring its operations with the loss of around 2,000 jobs, 37% of its workforce of 5,458 at the end of the reporting period.
Further adding to its woes, struggling Hong Kong PV manufacturer Hanergy Thin Film Power is to be dropped from investment indexes compiled by MSCI.
Tier-one PV manufacturer Yingli Green Energy has taken the unusual step of issuing only piecemeal preliminary financial results for the second quarter of 2015 and delaying full quarterly results until September 8.
Tier-one PV manufacturer Hanwha Q CELLS’ PV module shipments have increased 12.2% quarter-over-quarter, driven by shipments to the US, which accounted for 37% of total shipments by revenue in the second quarter.
The recent global stock market sell-offs, including US majors NYSE and NASDAQ, are having repercussions for both SunEdison and its US-centric yieldco, TerraForm, according to Baird Equity Research analyst, Ben Kallo.
A report, four years in the making, has been released by the US Department of Energy (DOE), Office of Inspector General into the collapse of CIGS thin-film producer, Solyndra, and the way more than US$500 million of loan guarantees were given out by the department to the failed company.
According to Dutch media reports, Heerlen, Netherlands based solar cell producer, Solland Solar, a subsidiary of Italian industrial firm Pufin Group, has filed for bankruptcy protection.
Tier-one PV manufacturer ReneSola has reported a significant decline in shipments and sales in the second quarter of 2015, due to a major shift in its business model downstream.
Tesla chief Elon Musk purchased US$5 million worth of SolarCity shares a few days after the head of a short-selling hedge fund ignited a war of words with SolarCity’s own CEO, Lyndon Rive.
US President Barack Obama announced a number of new support mechanisms in an attempt to continue to stimulate the US solar market.
Taiwan-based solar cell producer E-Ton Solar Tech has reported record sales in July, topping its previous recent record set in May, 2014.
Investment in the US clean-tech industry topped US$5.8 billion in the second quarter of 2015, with project financing deals for solar among the most buoyant areas of activity, a report from PwC has found.
Indonesia is to introduce incentives for renewable energy investors including a reduction in import taxes for equipment.