PV inverter supplier SMA Solar is to lay off 425 full-time staff and discontinue China as a location as part of a restructuring plan announced in September in order to return the company to profitability quickly.
Australia-headquartered Greatcell Solar, formerly Dyesol Solar, has appointed administrators after failing to secure further financing to develop its perovskite materials and solar cells to a commercial level.
The Philippines Competition Commission (PCC) has cleared Kepco Philippines Holdings to acquire a 38% share in Solar Philippines Calatagan Corporation (SPCC), a unit of Solar Philippines.
Jinergy gets bifacial HJ modules approved for UAE projects, while
LONGi teams with BayWa r.e. on global distribution deal and JinkoSolar supplies 132MW of modules to Swinerton for Nevada project.
European solar industry trade body SolarPower Europe has said it has started a major campaign to bring back at least 5GW of large-scale PV manufacturing in the region, including the complete supply chain required to support the scheme.
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS has lowered its full-year module shipment guidance a second time this year as business growth slows.
The largest solar cell manufacturer in Taiwan, Motech Industries has added to a major restructuring of the company with the closure of its 1.1GW solar cell manufacturing plant in Taoyuan, southern Taiwan and a 916 reduction in full-time employees by 28 January 2019.
Major PV inverter manufacturer SMA Solar Technology has lowered both its revenue and profit forecast again for 2018, citing continued ‘strong pricing pressure’ through November.
US-headquartered high-efficiency PV module producer SunPower Corp has concluded the sale of its US residential lease portfolio with a subsidiary of Hannon Armstrong as the company sells assets to improve its balance sheet.
