- Industry Roundup
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- PV Modules
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Korean-based materials and PV project developer, OCI has reported a new quarterly record in polysilicon shipments and higher average selling prices (ASPS), reflecting the continued strong demand in the PV industry in the first quarter of 2014.
Solar wafer-to-module processing service provider, Solargiga Energy Holdings, has reported preliminary unaudited first quarter 2014 sales and shipments that are significantly higher than the same period a year ago.
LDK Solar has claimed through its Cayman Island liquidators that unaudited accounts indicate the company had revenue of US$273.1 million in the fourth quarter of 2013, up from US$156.6 million in the previous quarter.
Liquidators for LDK Solar, Zolfo Cooper have requested the New York Stock Exchange (NYSE) to change its decision to de-list its American depositary shares (ADS).
Major Taiwan-based solar wafer producer, Green Energy Technology (GET) has reported a sales decline of 10% in March.
China-based polysilicon and wafer producer, Daqo New Energy Corp reported narrowing quarterly losses on improved shipments of polysilicon and wafers in the fourth quarter of 2013.
Samil Power has become the first Chinese inverter manufacturer to register for the Waste Electrical and Electronic Equipment (WEEE) directive in the EU.
Guangyu International, based in Hong Kong, has invested US$200 million in Norwegian solar-grade silicon wafer producer, Elkem Solar, for a 50% stake in the company. The company said that the deal had been in the making for some time.
The start of recent bankruptcy proceedings of LDK Solar’s offshore operations has triggered both an agreement with a majority of its bondholders to take a massive haircut on the defaulted bond and the start of de-listing proceedings for its American Depositary Shares and an immediate trading suspension by the NYSE.
China-based wafer manufacturer and operator of Wuxi Suntech, Shunfeng Photovoltaic International, has reported full-year 2013 revenue of approximately US$246.2 million, compared to US$170.5 million in the previous year.
The founder, shareholder and current chairman and CEO of LDK Solar, Xiaofeng Peng is being forced into personal bankruptcy proceedings by Apollo Investment Asia Limited to the tune of US$75.5 million, according to SEC filings made on behalf of the company’s liquidators in the Cayman Islands.
Wet chemicals equipment processing specialist, RENA, has started insolvency proceedings under self-administration as it attempts to restructure after failing to gain a financing solution for debts encountered at a subsidiary, SH+E.
The holding company of polysilicon producer, GCL-Poly, is planning to change the name of the group to GCL New Energy Holdings Limited to better reflect its move into the downstream PV project business and renewable energy in general.
Although the shutdown of its Sichuan Phase I polysilicon production line impacted profitability in 2013, tier one PV manufacturer, ReneSola reported a 142.5% year-on-year increase in PV module shipments, reaching 1,728.8MW with plans to reach 2.5GW in 2014.
As part of the expected IPO of SunEdison’s semiconductor wafer and polysilicon operations into SunEdison Semiconductor Limited (SSL), Samsung Fine Chemicals is planning to purchase US$100 million in shares in the spin-off company in private placement.
Although GCL-Poly has topped the nameplate capacity rankings for polysilicon for several years it has actually produced less polysilicon than nearest rival, Wacker Chemie. However, the China-based producer appears to have sneaked by its German rival for the first time during 2013.
The fifth edition of the International Technology Roadmap for Photovoltaic (ITRPV) released today, continues to emphasise the critical need to reduce material costs from wafers to modules, but also highlights the need for increased cell efficiencies and higher throughput fabrication equipment as material cost reductions get harder to implement.
Wacker Chemie has agreed a minimum pricing deal with China’s Ministry of Commerce (MOFCOM) that will allow the chemical producer to continue exporting polysilicon made at its plants in Europe to China.
The delay to the US solar trade case could further increase PV prices, which are already on the up due to high demand, according to consultancy firm EnergyTrend.
GCL-Poly reported 2013 annual polysilicon production increased 36% to approximately 50,440MT, retaining nameplate capacity at 65,000MT resulting in utilisation rates above 75% for the year.
Major Taiwan-based solar wafer producer, Green Energy Technology (GET,) increased high-performance wafer prices in February 2014, supporting a revenue decrease of only 3.9% in the shorter working month and Chinese New Year period.
GT Advanced Technologies (GTAT) has secured a major US$336 million polysilicon equipment and technology deal with Cosmos Chemicals Berhad as part of plans to build a 25,000MT integrated polysilicon plant in Sarawak, Malaysia.
Major China-based polysilicon and solar wafer producer, GCL-Poly has secured ‘near-term’ supply contracts with Jinko Solar, GD Solar, Tongwei Solar, and Hareon Solar.
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.
Bernreuter Research has warned that next-generation polysilicon production techniques should not be over-hyped.