US-based residential and small commercial PV installer RGS Energy reported a major decline in third quarter 2016 installations and revenue as capital issues continued to seriously hamper operations.
PV power plant system integrator Phoenix Solar said that delays to building power plant projects in the US and Turkey would result in lower than expected full-year 2016 revenue and profits.
China-based integrated PV manufacturer ReneSola has been warned by the New York Stock Exchange (NYSE) that it is at threat of being de-listed, due to non-compliance with the US$1.00 minimum share price rule.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in October 2016, reflect the continued reaction to the rapid decent into overcapacity at the beginning of the second half of the year.
Leading CdTe thin-film producer First Solar has reacted to plummeting global PV module and PV power plant PPA (Power Purchase Agreement) prices by undertaking a major review of its production capacity requirements and planned migrations to its Series 5 and Series 6 modules.
Leading microinverter producer Enphase Energy reported a 10% increase in shipments in the third quarter of 2016 as revenue reached US$88.7 million, just shy of the low-end of revenue guidance.
‘Silicon Module Super League’ (SMSL) member, JA Solar has agreed to settle a long-term ‘take or pay’ contract for the purchase of polysilicon from US-based polysilicon producer Hemlock Semiconductor.
Leading CdTe thin-film producer First Solar has sold its PV power plant monitoring, control and supervision systems subsidiary, skytron energy to German business management firm, Liberta Partners. Financial details were not disclosed.
‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) has reported a 30.5% decline in third quarter 2016 revenue, primarily due to a major slowdown in downstream PV project construction in China since the end of June and average selling price decline as overcapacity took hold in the quarter.
Leading integrated monocrystalline PV manufacturer Xi'an LONGi Silicon Materials has reported a 54.8% decline in third quarter 2016 revenue as the impact of a major demand slump in China after June’s feed-in tariff changes seriously curtailed PV power plant construction in China.
