- Industry Roundup
- Fab & Facilities
- Cell Processing
- Thin Film
- PV Modules
- Power Generation
Major downstream renewables firm, SunEdison, is to build a PV module assembly plant in Brazil, Reuters has reported.
In the wake of reports that the World Trade Organisation (WTO) has ruled in favour of the US over its complaint about India’s local content policies for solar equipment, an American Trade representative has said that the US supports the rapid deployment of solar energy in India.
Major photovoltaics energy provider (PVEP) Shunfeng International Clean Energy reported a 19.5% increase in revenue for the first half of 2015 against a backdrop of profits falling 65.8%, compared to the prior year period.
Monocrystalline wafer producer Comtec Solar Systems Group has reported first half year financial results that included a shift to the production of larger wafers to meet demand from US-based customer Mission Solar.
Global project developer Sky Solar has reported a 54.2% increase in its Q2 revenue as a number of projects began contributing to the company’s cash flow.
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.
Major PV manufacturer Hanwha Q CELLS has appointed Seung Deok Park to its Board of Directors.
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.
Indian conglomerate Adani Enterprises said in a financial filing in response to a query by Indian exchange, BSE, that its MoU with SunEdison that includes a US$3 billion JV investment in PV manufacturing facilities in India remained “subsisting”.
Sharp Electronics will add software modelling the performance of energy storage systems made by Energy Toolbase to its Smartstorage systems, following an earlier announcement that the California Solar Energy Industries’ Association (CALSEIA) will also use the software platform.
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.