Having lost its line of credit from its banks, Germany-based PV supplier Sunways, majority-owned by struggling Chinese manufacturer LDK Solar, has been forced into insolvency proceedings.
Citing improved margins against very tight capital expenditure control, PV module manufacturers are increasingly outsourcing part of their production needs, benefiting the likes of Flextronics, Jabil Circuits and JA Solar, according to a new report from IHS.
Manufacturer Kyocera Solar is planning to lay off staff at its manufacturing plant in San Diego, California, because of weak demand for US-made solar modules.
JA Solar has started production of its metal wrap-through (MWT) solar cells in China as a precursor to plans to be announced about its next-generation solar cell technology.
ReneSola has reported neither workers nor operations at its polysilicon factory in Meishan, Sichuan, were affected by the magnitude-7 earthquake that devastated parts of the south-west region over the weekend.
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.
