Asia-based polysilicon producer Tokuyama Corp said it would take a one-time impairment charge of ¥123.4 billion (US$1.02 billion) on its two polysilicon plants in Malaysia as ASPs were lower than expected and not inline with previous business guidance.
The second-largest Silicon Module Super League (SMSL) member, Canadian Solar has secured US$70 million in loans and equity investment from the International Finance Corporation to support its previously announced plans to establish a 300MW module assembly plant in Vietnam and production plants elsewhere, such as Brazil.
‘Silicon Module Super League’ (SMSL) member JinkoSolar has confirmed it has secured a 1GW module supply deal with US-based independent power producer (IPP) sPower.
Diversified Chinese enterprise Hengdian Group DMEGC Magnetics Co (DMEGC) has started construction of a new 500MW integrated monocrystalline solar cell and module plant in Hengdian, Zhejiang Province, China for subsidiary, DMEGC Solar Energy.
German Electro-Mechatronic Systems (GES), a Germany-headquartered company with a background in LED lighting, has signed a deal to manufacture solar PV panels and LED lights in Macedonia.
A consortium between India-based integrated utility and solar developer Essel Infra and China-based PV material manufacturer Golden Concord Holdings (GCL) has signed a memorandum of Understanding (MoU) with the Andhra Pradesh government to invest US$2 billion in developing 5GW of module manufacturing capacity by 2020 in the Indian state.
Major PV metallisation paste producer Heraeus Photovoltaics says it has bolstered its multi-supplier sourcing strategy for silver powder after an accident in early January 2016 at one of the largest producers, Dowa Hightec, left two workers dead and two injured. The plant was subsequently shut down and could be out of commission for several months, pending investigations.
China-based module assembly automation specialist Suzhou Horad New Energy Equipment Co (Horad) has secured a 200MW turnkey module assembly line order with major Taiwanese cell producer, Motech Industries.
Updated: Struggling Silicon Module Super League (SMSL) member Yingli Green Energy said it was building its first PV module assembly plant outside mainland China in a joint venture partnership with EPC firm, Demeter Power Company.
Saudi-based industrial conglomerate Al-Afandi Group has signed a property contract with the Yanbu Royal Commission in Saudi Arabia for the first phase what is hoped to become a 1GW integrated module factory.
