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United Photovoltaics Group is close to signing a deal with China Financial Leasing Company (Sinolease) to provide at least US$1.6 billion in PV project funding.
The price gap between monocrystalline silicon modules and multicrystalline is closing as rooftop markets continue to expand, according to market research firm, EnergyTrend.
The International Electrochemical Commission (IEC) will begin a programme of standardisation for redox flow batteries – which can be used for large-scale energy storage applications – following discussions which were initiated in Japan in October 2013.
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).
The IPCC has said solar has the largest technical feasibility in mitigating harmful climate change from electricity production “by a large magnitude”.
The International Photovoltaic Equipment Association (IPVEA) said it would collaborate with Solar PV Consulting to study the entire PV supply chain in an effort to reduce wastage after estimates project annual inefficiencies could cost the industry as much as US$1 billion by 2018.
Tenaska Solar Ventures has opted to use only conventional PV modules at its planned 150MW PV power plant in Imperial Valley, California cancelling plans to use Soitec’s concentrated PV (CPV) technology for part of the original project.
In contradiction to its nearest rivals, JA Solar has revised upwards its first quarter 2014 shipments that the company said was based on “solid execution”, compared to recent downward shipment revisions by both Yingli Green and Trina Solar.
PV module stringer specialist, teamtechnik said it had reduced cell-to-cell soldering cycle-times to below 2.25 second, boosting overall throughput of its single-track TT1600 stringer system to an annual output of 45MWp, inline with dual stringer systems, according to the company.
In response to the latest instalment from the fifth report of the Intergovernmental panel on climate change (IPCC), US Secretary of State John Kerry has said current low carbon energy technology must be used to prevent catastrophic climate change.
Major tier-1 PV manufacturer, Trina Solar has significantly reduced module shipment guidance for the first quarter of 2014, due to weakness in orders from the EU because of a pending price adjustment being ratified by EU and Chinese authorities as part of an anti-dumping agreement.
Leading PV Manufacturer, Yingli Green has said that delays in obtaining construction approvals for PV projects planned in Algeria were behind the need to lower first quarter 2014 module shipment guidance.
Suntech Power Holdings liquidators have brokered a deal with Wuxi Suntech, operated by Shunfeng for former owner to act as intermediaries for the sale of modules in the US and Europe.
Market research firm IHS has disclosed the top 10 PV inverter suppliers for 2013, which highlights the continuing market share gains by Asian-based suppliers at the expense of European rivals.
Panasonic Corporation has achieved a record conversion efficiency of 25.6% on a commercial sized (143.7 cm²) monocrystalline-based ‘HIT’ solar cell.
Tier-one PV manufacturer Trina Solar claims to have set a new performance record for a module using p-type monocrystalline wafers of 326.3W, an output independently verified by TUV Rheinland.
Hanergy Solar’s German-based subsidiary, Solibro has achieved a conversion efficiency of 20.5%, which have been verified by the US Department of Energy’s National Renewable Energy Laboratory (NREL).
Solar bucked a trend of falling investment in renewables last year, accounting for nearly half of the US$11 billion total for all new investments for renewables in 2013, according to a United Nations report.
The global solar power industry has enjoyed a strong start to 2014 in terms of corporate funding, attracting US$7 billion in the first quarter alone, according to a new report by clean energy consultancy firm Mercom Capital.
Major PV inverter manufacturer, Sungrow Power Supply, has said its 1MW ‘SG1000TS’ central inverter has passed TÜV Rheinland certification for harsh environment testing.
The PV inverter market continues to evolve with changing preferences and acceptance of Chinese producers products increasing, according to the latest survey of purchasers from market research firm, IHS.
Major PV energy provider (PVEP) SunEdison has completed its first yield co securitisation with Goldman Sachs Bank USA, acting as the single lead arranger.
According to NPD Solarbuzz, global PV demand in the first quarter of 2014 set a new record high, the fifth year in a row that a quarterly record was set in the first quarter.
A report by influential consultancy McKinsey has painted an upbeat assessment of solar’s future prospects despite recent problems from overcapacity, subsidy cuts and a global financial crash.
Hanergy Solar said it was in the early stages of developing a 400MW PV power plant in the Northern Region of Ghana at an estimated cost of approximately US$1.1 billion.
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.
Market research firm, IHS, has significantly raised its forecast for global PV demand for 2014. Driven by expected demand growth in China and Japan, IHS expects installations to reach 46GW, a 22% increase over 2013.
Major photovoltaics energy provider, SunEdison, has claimed to have reached a new milestone by hitting 1GW of outsourced PV module production in less than three years.
Chinese PV manufacturer ReneSola has cleared up confusion surrounding its claim earlier this week that it would be cutting module shipments to the US in the wake of the latest trade dispute.
A new international body to promote and develop energy storage around the world was formally launched this week.
Market conditions in the PV industry continued to impact PV inverter leader, SMA Solar Technology in 2013, with the company registering a loss of €89.1 million for the full year.
The US and China must end their ongoing trade row or jeopardise the solar industry’s global growth, the CEO of Chinese module manufacturer Wuxi Suntech has warned.
The top 50 module manufacturers are to add 10GW of new capacity in 2014, predicts PV Pulse.
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.
Chinese PV module manufacturer CSUN has been awarded the title of tier one module supplier by the Bloomberg New Energy Finance (BNEF) PV Module Maker Tiering System.
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.
Trina Solar has said that all of its in-house produced solar cells will conform to IEC62804 Ed.1.0 (82/685/NP) standards, also known as the PID Test from April 2014 onwards.
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.
Market research firm, IHS has made further tweaks to its PV manufacturing capital expenditure forecast, highlighting another US$430 million is expected to be spent in 2014 with the total reaching US$3.8 billion by year-end.
Analyst firm Mercom Capital has revised its quarterly forecast for solar demand in 2014 to 46GW.
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.
Falling module prices and system costs will help propel global PV deployment to 500GW by 2018 as the industry returns to profitability, new analysis suggests.
Sungrow Power Supply reported more than a doubling of PV inverter sales and shipments in 2013, supported by its first move advantage and leadership position in the rapidly growing Chinese market.
Energy storage technologies are not the “silver bullet” they have sometimes been hyped as, but nonetheless have a crucial role to play in a decarbonised electricity system, according to the International Energy Agency (IEA).
First Solar has revealed a new total area module efficiency record for its CdTe thin-film technology of 17%, a significant increase from 16.1%, set in April 2013.
First Solar is planning its next major CdTe thin-film production capacity expansion phase to occur in 2015 with an additional 1GW of nameplate capacity. The company revealed the plans during its 2014 Analyst Day event.
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.
Yingli Green Energy has reported fourth quarter results in line with its recently revised guidance, while targeting shipments in 2014 of between 4-4.2GW.
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.