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.
GT Advanced Technology (GTAT) was suffering from sapphire yield issues at its Arizona production plant, according to a consensus of financial analysts and equipment suppliers that PV Tech spoke to during Solar Power International, held in Las Vegas last week.
Conergy is selling its US solar distribution business to Soligent a major PV products distributor in the country for an undisclosed sum. As a result, Conergy is focusing on its PV project business in US.
In a shock move, major PV equipment provider, GT Advanced Technologies (GTAT) said it would file for chapter 11 bankruptcy in the District of New Hampshire, US.
The closure of Masdar PV’s a-Si thin-film operations that were announced in May, 2014 has subsequently and inevitably led to the sale of the production line equipment, which will take place in an online auction conducted by Maynards on October 8.