JinkoSolar plans to issue 3.5 million American Depositary Shares (ADS) that the company said in an SEC filing could net it significant new capital to fund capacity expansion and other activities.
German-based PV module manufacturer and project developer, aleo solar, is withdrawing from the US market due to its operations continuing to be unprofitable, according to a short company statement.
To benefit from a new feed-in tariff (FiT) system to be introduced in Indonesia, Canadian Solar is planning to partner with local PV module manufacturer, PT Swadaya Prima Utama on a proposed 60MW plant.
Distressed capital management firms, Clearwater Capital Partners and Spinnaker Capital are working with Suntech Power Holdings to prepare a major restructuring plan for the ailing PV module manufacturing, including downsizing through asset sales and a recapitalisation that could mean majority share takeover by unidentified investors.
In an attempt to debunk recent reports from Bloomberg New Energy Finance (BNEF) and IHS over the timing and location of the next wave of PV equipment capital spending, NPD Solarbuzz expects the upturn to be delayed due to PV module manufacturers adopting ‘fabless’ and ‘virtual manufacturing’ strategies through to the second-half of 2014.
Having gone through a major financial restructuring, SolarWorld is starting to tackle its manufacturing competitive issues with a round of technology upgrades and new product introductions.
First Solar will start a 100MW manufacturing line for crystalline silicon cells for the residential distributed market from the end of next year with production scaling from 2015, it was revealed yesterday.
