Array Technologies reveals to PV Tech Premium the core motivations behind its US$652m deal to acquire STI Norland, creating what it says is the world’s biggest tracker company, from stronger supply chains to an ability to target more international markets
JinkoSolar has slashed its shipments guidance for the year, reducing its top end guidance by more than 5GW as it blamed ongoing logistics issues and port blockages.
The CEO of Hevel Group, Igor Shakhray, will leave the company to become CEO of Unigreen Energy, a silicon wafer and cell manufacturer, which is owned by Hevel majority shareholder Ream Management LLC
Average market prices for 182mm solar wafers fell by nearly 7% this week, falling to levels not seen in almost two months, however other material and component costs have remained high.
Solar manufacturing leader LONGi Solar has signed a two-year wafer supply deal with Chinese PV manufacturer DAS Solar which could be worth up to US$1.1 billion.
Hanwha Solutions Corporation has agreed to buy a 16.67% stake in Norwegian polysilicon manufacturer REC Silicon in a deal worth around US$160 million, with the South Korean chemical company looking to reopen REC Silicon’s 20,000MT polysilicon factory in the US
Chinese energy firm TBEA is planning to invest RMB 6 billion (US$938 million) to set up a silicon production facility with an annual output of 400,000MT in China’s Inner Mongolia region.
