Having acquired amorphous silicon (a-Si) thin-film equipment supplier Oerlikon Solar for over US$280 million in 2012, Tokyo Electron (TEL) has made an impairment charge on the operations of around US$214 million, revaluing the operations at around US$71 million.
A major Korea-based PV module manufacturer has placed an initial order with Spire Corporation for advanced test and metrology equipment as part of a capacity expansion programme.
Government-owned Puerto Rican electric power company Autoridad de Energia Electrica (AEE) has made it mandatory for developers of renewable energy projects to incorporate energy storage into new installations.