Polysilicon producer REC Silicon has been forced to make further cuts to production output and shed more jobs as it reacts to the current US/China trade tariff war and subsequent lower polysilicon sales to China.
Australia’s environment minister Greg Hunt has hinted that his government has a new “positive agenda” in support for renewables, while speaking at the Bloomberg New Energy Finance ‘Future of Energy Conference’ in Shanghai, China, today.
High-tech equipment manufacturer Intevac has said it is experiencing some further interest from solar cell producers in Asia that have booked several new tool orders recently.
The largest solar installer in the US SolarCity dropped a major bomb in reporting third quarter financial results as it trimmed 2015 installation targets and said it would focus on cost reductions over growth in 2016, ahead of the potential step-down of the investment tax credit.
All the winning bids in the latest 170MW Indian state solar auction in Uttarakhand have remained below the INR6/kWh (US$0.09) tariff, despite several bankers commenting on previous auctions that only prices of INR6-6.5 per unit would be workable given India’s market conditions.
India’s energy ministry has amended its invitation for state-owned corporations (CPSUs) to set up 1GW of solar PV plants across India, by bringing forward its funding timelines.
Leading Silicon Module Super League (SMSL) member Trina Solar has signed several strategic financing agreements with CITIC bank totalling over US$1.57 billion for a five-year period.
The largest polysilicon producer GCL-Poly Energy Holdings has secured approximately US$110 million from a new corporate bond from qualified investors in China.
