Financial & Legal

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.

The largest merchant solar cell producer, Neo Solar Power (NSP) reported a dramatic drop in sales for January 2015.

Hanwha SolarOne has completed the acquisition of Hanwha Q CELLS.

Insolvent PV equipment and wet processing specialist, RENA GmbH has been acquired by Swiss private equity firm, Capvis for an undisclosed sum.