Financial & Legal

Taiwanese solar cell producer, Solartech Energy Corp reported flat sales for January, 2015, compared to the previous month.

The hype surrounding India’s plans to install 100GW of solar by 2022 went to a new level at the weekend as India’s Prime Minister, Narendra Modi and Piyush Goyal, Minister of State for power attended the first government backed event to kick-start investment in Modi’s plans.

US-based polysilicon producer REC Silicon is planning to attempt to shift its current FBR-based (fluidised bed reactor) polysilicon production sales away from China over tariff duty uncertainties and the eventual ramp of its JV FBR-base plant in China in 2017.

Hyundai Heavy Industries (HHI) reported a decline in solar cell and PV module sales in the fourth quarter of 2014.

Korean polysilicon producer, OCI Company has reported a 17% increase in polysilicon sales in 2014 as its plants run at full capacity.

The parent company of GCL Poly has taken over the management of embattled module manufacturer Chaori Solar.

PV systems provider First Solar has announced that multinational technology giant Apple has committed US$848 million for First Solar’s California Flats Solar Project in Monterey County, California.

The director of the US Department of Energy’s (DoE) solar cost cutting programme has hailed the “phenomenal jobs growth rate” that the US solar industry has enjoyed in recent times.

Major US utility Duke Energy has acquired a majority stake in US PV installer, REC Solar for an undisclosed sum.

After a strong recovery in solar cell shipments at the end of 2014, Taiwan-based cell producer, Gintech Energy reported a 29.8% month-on-month sales decline for January, 2015.