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.
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.
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.
A report, four years in the making, has been released by the US Department of Energy (DOE), Office of Inspector General into the collapse of CIGS thin-film producer, Solyndra, and the way more than US$500 million of loan guarantees were given out by the department to the failed company.
According to Dutch media reports, Heerlen, Netherlands based solar cell producer, Solland Solar, a subsidiary of Italian industrial firm Pufin Group, has filed for bankruptcy protection.
Taiwan-based CIGS thin-film module producer TSMC Solar, a subsidiary of leading semiconductor foundry Taiwan Semiconductor Manufacturing Corp is to close its manufacturing plant at the end of August and exit the solar PV market.
