Leading PV manufacturing equipment supplier Meyer Burger Technology announced a major restructuring plan to become more flexible to market dynamics by lowering its operating cost base by CHF 50 million per annum and reducing its workforce by around 16% by the end of 2016.
China-based metal casting components firm Jete Power Holdings has acquired a 39% stake in China-based CIGS thin-film start-up Dongtai Energy Technology Company via the shares in the holding company, Novel Sino Group Holdings.
Major Korea-based polysilicon producer OCI Company said it would make a final decision on acquiring Tokuyama’s Malaysian polysilicon operations by the end of March 2017.
An Australian island will soon host the world’s first renewable energy microgrid that integrates wave energy, solar PV and energy storage technologies.
US-based solar module technology firm Solaria Corporation has filed suit against GCL Solar Energy, Inc., a subsidiary of GCL-Poly Energy Holdings due to claims of IP theft and breaches of Non-Disclosure Agreements that resulted in the GCL producing PV modules using its proprietary technology that is protected by over 100 patents.
Independent global testing and certification body UL (Underwriters Laboratory) has acquired renewable energy engineering services and support firm, AWS Truepower for an unspecified sum.
Cogenra Solar, a subsidiary of US-based high-efficiency module manufacturer SunPower, has filed a lawsuit against SolarCity over claims of IP (Intellectual Property) theft and infringement over its direct solar cell to cell contact technology that is often described as an overlapping shingle-like pattern.
