Ahead of its financial analyst day event, major PV energy provider SunPower has pre-released financial guidance for 2015, while announcing its highly anticipated next wave of manufacturing capacity expansions.
The largest polysilicon producer, GCL-Poly Energy Holdings and a group of other investors are to take a majority shareholding in bankrupt PV module manufacturer, Shanghai Chaori Solar. The company also announced plans to dispose of its wafer production business, which has recently been expanded to a nameplate capacity of 13GW.
Samsung SDI and PV inverter manufacturer, Sungrow Power Supply are to team on building and operating a lithium-ion battery energy storage plant in China and the supply of energy storage systems in the country.
Chang Zhou Almaden a major PV glass manufacturer in China is establishing a new manufacturing plant in Dubai to produce 400,000 PV glass substrates per annum.
REC Silicon is to expand polysilicon production at its Moses Lake facility and silane production at its Butte facility, while restarting Silane I production. The company is also undertaking a feasibility study to establish a 20,000MT joint venture polysilicon plant in Saudi Arabia with IDEA Polysilicon.
US PV energy provider, SunPower, has said it will own and operate a new module assembly plant in South Africa to produce its E20/440 high-efficiency PV panels.
Singapore-based PV module manufacturer REC Solar expects to sell its full module manufacturing capacity output in 2014, further indicating a turnaround in fortunes after restructuring.
