Bankrupt PV module manufacturer Shanghai Chaori Solar has stopped production at its Shanghai headquarters as customers cancel orders and it struggles to generate cash flow.
Plans have been agreed at the aleo solar EGM for the company to wind down through a liquidation, with as much as €50 million (US$69.1 million) of support provided by parent company Robert Bosch in order to avoid bankruptcy proceedings.
PV module stringer specialist, teamtechnik said it had reduced cell-to-cell soldering cycle-times to below 2.25 second, boosting overall throughput of its single-track TT1600 stringer system to an annual output of 45MWp, inline with dual stringer systems, according to the company.
Major photovoltaics energy provider, SunEdison, has claimed to have reached a new milestone by hitting 1GW of outsourced PV module production in less than three years.
Duke Energy Renewables has granted turnkey engineering, procurement and construction (EPC) services to Swinerton Renewable Energy for its Pumpjack and Wildwood PV projects located in Bakersfield, California.
Market research firm, IHS has made further tweaks to its PV manufacturing capital expenditure forecast, highlighting another US$430 million is expected to be spent in 2014 with the total reaching US$3.8 billion by year-end.
As part of the expected IPO of SunEdison’s semiconductor wafer and polysilicon operations into SunEdison Semiconductor Limited (SSL), Samsung Fine Chemicals is planning to purchase US$100 million in shares in the spin-off company in private placement.
Shunfeng Photovoltaics is expected to need US$1.26 billion in working capital requirements for the next 12 months once its takeover of Wuxi Suntech is finalised, financial filings reveal.
