LDK Solar actually beat revenue guidance for the first quarter of 2013 but the struggling PV manufacturer reported losses of US$187.1 million and exited the quarter with US$174.1 million in cash and US$168.4 million in short-term pledged bank deposits.
Canadian Solar has secured its largest EPC contract to date with the signing of an agreement to build a 130MW PV power plant in Ontario, Canada for Samsung Renewable Energy.
With increasing numbers of PV power plants expected to be located in harsh conditions such as in the desert’s, leading PV module manufacturer and PVEP, Yingli Green Energy said its modules had passed the Blowing Sand Test, conducted by SGS.
Both multicrystalline and monocrystalline modules from Canadian Solar have passed the Fraunhofer ISE's PID test in accordance with the draft IEC62804 (System Voltage Durability Qualification Test for Crystalline Silicon Modules).
The previously announced merger of Neo Solar Power (NSP) and Delsolar was successfully completed on May 31, according to Delta Electronics, which owned DelSolar and was a shareholder in NSP.
The first of a planned 80 rooftop projects on agricultural facilities in Japan has been started by JAMC Solar Energy, a joint venture firm between Mitsubishi Corporation and the National Federation of Agricultural Co-operative Associations.
Multi-junction solar cells with conversion efficiencies of almost 50% could become cost effective as a result of a collaboration between equipment supplier EV Group and Fraunhofer ISE.
Converging supply and demand dynamics will result in PV module manufacturers rapidly returning to profitability and prosperity, according to market research firm, Lux Research.
