A petrochemical construction firm based in Saudi Arabia plans to build a state-of-the-art polysilicon plant in Sarawak, Malaysia, expected to being production in 2016.
Having defaulted on a bond due to cash flow problems, struggling PV manufacturer, LDK Solar has sold its major crystalline solar cell production plant to an affiliate of the Hefei City government for a nominal US$19.4 million.
Furthering its efforts to outsource extra PV module production outside of China, ReneSola has signed a toll manufacturing agreement with Solairedirect SA, the South African-based subsidiary of French-owned integrated project developer, Solairedirect.
Suntech Power Holdings has revealed that a group of eight Chinese banks have filed a petition for insolvency and restructuring of the company’s main manufacturing subsidiary, Wuxi Suntech.
An unidentified top tier solar company based in Asia has placed a US$5.3 million order with Tempress Systems, a subsidiary of Amtech for its solar cell diffusion processing tools.
Arizona-based Solar Bankers and its German affiliate Apollon have developed a new CPV module which, the companies claim, has low production costs and a 28% conversion rate.
