Asia-based polysilicon producer Tokuyama Corp said it would take a one-time impairment charge of ¥123.4 billion (US$1.02 billion) on its two polysilicon plants in Malaysia as ASPs were lower than expected and not inline with previous business guidance.
‘Silicon Module Super League’ (SMSL) member JA Solar says its portfolio of PV modules have passed the 96-hour potential-induced degradation (PID) resistance test under the conditions of 85-degrees Celsius and 85% relative humidity at -1,000V of system voltage bias as required to meet the IEC62804 standard.
PV module manufacturer China Sunergy (CSUN) reported a strong recovery in total shipments and revenue for the third quarter of 2015, driven by strong module demand in China.
The Japan Renewable Energy Foundation (JREF) has voiced concerns that a tender process for PV expected to be introduced next year could cap deployment at just 2GW to 3GW a year in what is currently still the world’s second biggest market for annual installations.
Indian conglomerate RattanIndia Power plans to use a 324 hectare site in Punjab, which was originally pegged for a thermal power plant, to build a 200MW solar PV project.
The second-largest Silicon Module Super League (SMSL) member, Canadian Solar has secured US$70 million in loans and equity investment from the International Finance Corporation to support its previously announced plans to establish a 300MW module assembly plant in Vietnam and production plants elsewhere, such as Brazil.
Leading PV inverter manufacturer SMA Solar Technology has guided 2016 revenue to be flat with the prior year as key global markets continue to be price sensitive, driven by utility-scale PV market sectors.
Two new PV installations have officially commenced operations in the Philippines — a 50.7MW TSPP site near Tarlac City and a 6.23MW diesel replacement plant in Mindanao.
In a narrow 3-to-2 vote, the California Public Utilities Commission (CPUC) made the motion to extend net metering for rooftop solar in the Golden State.
