Indebted PV module manufacturer Yingli Green Energy has been rumoured to be securing over US$500 million in new debt financing from a Chinese state bank and a provincial government where it operates manufacturing facilities.
Despite record low polysilicon prices seen in January 2016 marking a clear oversupply, PV manufacturing capacity expansions and projected end-market demand could reverse the situation by the end of 2016, specifically in China.
Specialist PV manufacturing equipment supplier Singulus Technologies has said that it is close to closing a major contract after a customer signed an order late last year for a new advanced selenisation system, based on its ‘CISARIS’ platform for CIGS thin-film production.
Leading CIS (copper, indium, selenium) thin-film producer Solar Frontier reported that its main manufacturing plant ran at almost full capacity in 2015.
UK-based multicrystalline wafer producer PV Crystalox Solar inferred in a financial statement that it could finally benefit financially from the divergence of polysilicon and wafer prices, after several years of loss making.
Specialist PV manufacturing equipment supplier Singulus Technologies has provided its 2016 sales forecast on the expectation of major orders from the thin-film solar sector.
Energy developer Latin America Power (LAP) has filed a suit in a New York court to secure US$150 million in project assets from SunEdison, after the planned purchase of LAP fell through due to SunEdison’s financial woes, according to reports.
SolarCity, the largest residential solar PV installer in the US said in its fourth quarter 2015 earnings call that its ambitious 1GW Buffalo Riverbend manufacturing facility had been impacted by longer than expected equipment lead times, pushing some equipment installs into the second-half of 2016.
PV module assembly equipment supplier Valoe Corporation has secured its long awaited first order for an automated turnkey back contact module assembly line from an unidentified customer in Ethiopia for €15.8 million.
Specialist PV manufacturing equipment supplier Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency.
