Although the shutdown of its Sichuan Phase I polysilicon production line impacted profitability in 2013, tier one PV manufacturer, ReneSola reported a 142.5% year-on-year increase in PV module shipments, reaching 1,728.8MW with plans to reach 2.5GW in 2014.
JA Solar has received certification from TÜV Rheinland which gives assurances of the quality of the company’s module design, production and product warranty for sale in the Japanese market.
Market research firm, IHS has made further tweaks to its PV manufacturing capital expenditure forecast, highlighting another US$430 million is expected to be spent in 2014 with the total reaching US$3.8 billion by year-end.
As part of the expected IPO of SunEdison’s semiconductor wafer and polysilicon operations into SunEdison Semiconductor Limited (SSL), Samsung Fine Chemicals is planning to purchase US$100 million in shares in the spin-off company in private placement.
Although, silicon wafer specialist, 1366 Technologies does not expect to announce the location of its 250MW new production plant for the next six to nine months, the company has created a new VP of manufacturing position and appointed Brian Eller to head-up the operations.
Shunfeng Photovoltaics is expected to need US$1.26 billion in working capital requirements for the next 12 months once its takeover of Wuxi Suntech is finalised, financial filings reveal.
A US$250 million loan for a concentrating solar power (CSP) plant in Israel has been approved by the Overseas Private Investment Corporation (OPIC), a US government development finance group.
PV developer American Capital Energy (ACE) has begun construction on nine solar power projects totalling 22MW on Cape Cod and Martha’s Vineyard, Massachusetts.
