Integrated China-based monocrystalline PV producer, Solargiga Energy Holdings as expected from preliminary announcements, reported only a small increase in revenue for 2015, however the company returned to a small net profit, compared to a net loss in 2014.
Integrated PV manufacturer REC Solar is to invest a total of $200 million Singapore dollars (US$182.3 million) in expanding and upgrading production at its facilities in Singapore. The company also plans to invest a further US$50 million in R&D activities at the Solar Energy Research Institute of Singapore (SERIS), with emphasis on a type of PV module.
Yaskawa – Solectria Solar, a wholly-owned subsidiary of robot and industrial motor company Yaskawa America, is planning to install a 500MW central solar inverter manufacturing line within an existing factory in Sao Paulo, Brazil, to help support the Latin American PV market.
When Jan Marc Luchies from Tempress Systems (Amtech Systems) took to the stage last week – on the second day of the inaugural PVCellTech conference in Kuala Lumpur on 17 March 2016 – equipment supplier Amtech Systems capitalized on this platform with a press release to highlight a sharp uptick in new order intake for its PV operations over the past two months, taking the company’s solar bookings to approximately US$50 million since October 2015.
The second day of our inaugural PV CellTech conference in Kuala Lumpur on 17 March 2016 turned out to be equally informative, engaging and thought-provoking as day one. Among the many takeaways from the two-day event in general, the final session addressed head-on one of the most hotly debated issues in the industry today – the technology roadmap!
Saudi Arabia’s energy minister has said he believes it will be impossible to keep fossil fuel resources “in the ground” even in the next 50 years but nonetheless sees his country as an ideal potential manufacturer-exporter of PV panels.
PV manufacturing capacity expansions planned this year are expected to push production levels beyond anticipated demand in 2016, creating further cost pressures for suppliers.
