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Applied Materials reported a surprise GAAP operating loss for its Energy and Environmental Solutions (EES) segment of US$322 million that included impairment charges of US$278 million. Non-GAAP operating loss was US$34 million.
China’s largest polysilicon producer, GCL-Poly said that both polysilicon and wafer average selling prices (ASPs) had stabilised in the first quarter of 2013 as demand picked-up.
The planned outsourcing of module production to Europe to avoid expected EU anti-dumping duties is expected to contribute to higher average selling prices for ReneSola during the rest of the year.
Chinese manufacturer LDK Solar has signed a 500MW wafer supply contract with Realforce Power.
PV project lumpiness and weakness in polysilicon investments impacted first quarter 2013 sales at power electronics specialist, 3W Power/AEG Power Solutions.
Struggling LDK Solar has reported a net loss of US$1.05 billion in 2012, the starkest figure in an annual report containing volumes of negative financial figures.
Solar PV wafer production is forecast to surpass 30GW and recover to 2011 levels, according to the latest NPD Solarbuzz Polysilicon and Wafer Supply Chain Quarterly.
Taiwan-based multicrystalline wafer producer, Green Energy Technology (GET) said that increased demand since November 2012 drove utilisation rates above 95% in April 2013.
The Heraeus Photovoltaics business unit, part of German technology firm Heraeus, has upgraded its PV laboratory in Shanghai, China, in order to increase its local support to Chinese cell manufacturers.
MEMC Electronic Materials and Tainergy Tech have agreed to reduce monocrystalline wafer shipment levels in their long-term supply contract.
Tokuyama Corporation, a Japanese silicon producer, has teamed up with 1366 Technologies, a solar wafer manufacturer, with a key focus on research and development.
Specialist encapsulant supplier STR Holdings continued to see sales slump in the first quarter of 2013, despite many module manufacturers raising production utilization rates on improved demand.
GT Advanced Technologies (GTAT) reported revenue down 44% in the first quarter of 2013.
Dow Corning reported first quarter 2013 revenue of US$1.26 billion, down from US$1.48 billion in the fourth quarter 2012 and down 17% from the first quarter of 2011.
Stronger than expected demand for high-purity polysilicon led to Wacker reporting a 10% increase in sales and plant utilisation rates reaching 90% in the first quarter of 2013.
The European Commission has initiated an anti-subsidy investigation into imports of solar glass from China.
South Korea-based polysilicon supplier OCI has cancelled all three of its long-term supply contracts with Suntech’s Chinese operations in response to subsidiary Suntech Wuxi entering bankruptcy proceedings.
Reduced polysilicon production dragged revenue generation down at Renewable Energy Corporation (REC) in the first quarter of 2013.
Struggling PV manufacturer LDK Solar is issuing another tranche of shares to Fulai Investments in return for US$25.75 million.
DuPont’s overall global PV module production is set to decline around 15% in the second quarter, according to Ellen Kullman, the company’s chair of the board and chief executive.
Canada has become the latest country to take action against China over allegedly unfair trade practices.
Yingli Green has secured two short-term loans worth a total of US$165 million from China Development Bank (CDB) to purchase raw materials.
ReneSola has reported neither workers nor operations at its polysilicon factory in Meishan, Sichuan, were affected by the magnitude-7 earthquake that devastated parts of the south-west region over the weekend.
A petrochemical construction firm based in Saudi Arabia plans to build a state-of-the-art polysilicon plant in Sarawak, Malaysia, expected to being production in 2016.
LDK Solar took a massive hit in the fourth quarter of 2012, reporting net losses of US$517 million.
