Major polysilicon producer Wacker Chemie said that its new polysilicon plant in the US had started ramping and existing plants remained at full-capacity despite continued price declines that have reached record lows.
China-based PV manufacturer and project developer Hareon Solar Technology said in a financial filing that it expected to report a small profit in 2015, avoiding delisting from the Shanghai Stock Exchange (SSE) in the process after stemmed three years of consecutive losses.
Asia-based polysilicon producer Tokuyama Corp said it would take a one-time impairment charge of ¥123.4 billion (US$1.02 billion) on its two polysilicon plants in Malaysia as ASPs were lower than expected and not inline with previous business guidance.
PV module manufacturer China Sunergy (CSUN) reported a strong recovery in total shipments and revenue for the third quarter of 2015, driven by strong module demand in China.
The second-largest Silicon Module Super League (SMSL) member, Canadian Solar has secured US$70 million in loans and equity investment from the International Finance Corporation to support its previously announced plans to establish a 300MW module assembly plant in Vietnam and production plants elsewhere, such as Brazil.
Leading PV inverter manufacturer SMA Solar Technology has guided 2016 revenue to be flat with the prior year as key global markets continue to be price sensitive, driven by utility-scale PV market sectors.
China-based PV energy provider (PVEP) United Photovoltaics Group has transferred its deal with Hareon Solar to build 930MW of PV power plants to third parties in exchange for recouping its initial deposit and interest and expenses, while dropping its case in an arbitration court.
Spain’s Court of Arbitration has ruled against two companies who filed a lawsuit against the Kingdom of Spain over reforms to the PV sector made in 2010, according to a statement from the Spanish Ministry of Industry.
UN secretary-general Ban Ki-moon has told a meeting of investors representing US$22 trillion in assets that they must double their investment in clean energy.
