Major PV manufacturer Trina Solar took a hit on margins in the second quarter of 2014, while module shipments soared as China and US markets rebounded strongly.
Major PV manufacturer, Trina Solar said it was planning to better serve its growing US customer base on the back of increased demand through establishing its first PV module manufacturing operations outside China.
China-based PVEP, Hareon Solar Technology has signed a number of project development deals in China and Turkey totalling around 3,350MW. The company has also secured lines of credit with two Chinese banks totalling 20 billion Yuan (US$3.25 billion).
The governor of New York, Andrew Cuomo, has launched the NY-Sun Initiative, a plan to consolidate the state’s existing solar incentive programmes into a single support scheme, aimed at adding 3GW of solar generation capacity by 2023.
UK-based merchant solar wafer producer, PV Crystalox Solar reported increased shipments and revenue but margin decline due to lower wafer selling prices and stable polysilicon purchase pricing led to a loss in the first half of 2014.
Major PVEP, SunEdison has secured funds from Barclays and Citi banks totalling US$160 million to be used for distributed generation (DG) projects in the US.
