The largest polysilicon producer, GCL-Poly Energy Holdings and a group of other investors are to take a majority shareholding in bankrupt PV module manufacturer, Shanghai Chaori Solar. The company also announced plans to dispose of its wafer production business, which has recently been expanded to a nameplate capacity of 13GW.
Hong Kong based independent power producer (IPP) Sky Solar has postponed its initial public offering (IPO) of shares, which were expected to start trading today on NASDAQ.
First Solar reported third quarter net sales of US$889 million, an increase of US$345 million from the second quarter of 2014. However, project delays would result in full-year revenue guidance lowered by US$100 million to a range of US$3.6 billion to US$3.9 billion.
Leading PV microinverter manufacturer, Enphase Energy reported record third quarter results, while guiding fourth quarter could be even better. Shipments reached 170MW (AC), up 81% year-on-year and a total of 760,000 microinverters in the quarter.
Japanese electronics firm, Kyocera reported first six months financial results that echoed those of Panasonic and Sharp, which have been impacted by weaker domestic demand for products due to an increase in the consumption tax rate.
Sharp Corporation has reported financial year second quarter net sales up 14.2% but solar PV related sales within its Energy Solutions division were down around 15% in the first six months, compared to the same period a year ago.
REC Silicon is to expand polysilicon production at its Moses Lake facility and silane production at its Butte facility, while restarting Silane I production. The company is also undertaking a feasibility study to establish a 20,000MT joint venture polysilicon plant in Saudi Arabia with IDEA Polysilicon.
Thin-film OPV firm, Dyesol said it was undertaking the planning phases of commercialising its solid-state DSC technology using perovskite-based thin-films.
Panasonic Corporation noted that PV module sales increased for the second quarter of its current fiscal year, helping the company to post its first net cash gain in five years.
Insolvent German PV project developer S.A.G. Solarstrom said the acquisition of the company by China-based PVEP, Shunfeng had been successfully concluded.
