In a continued effort to return its Energy and Environmental Solutions (EES) division to breakeven, despite two-years of downsizing and restructuring, Applied Materials said it had reduced EES spending per quarter to US$25 million.
Tier one PV manufacturer, Trina Solar, is acquiring a majority shareholding in Hubei Hongyuan PV Science and Technology, a solar cell producer in China.
Insolvent German PV project developer, S.A.G. Solarstrom, has said it is seeking new investors as part of its restructuring plan will officially open insolvency proceedings on 1 March 2014.
Major PV energy provider (PVEP), SunPower Corp, has revealed it is prepping plans for its next-generation ‘Fab 5’ manufacturing facility that would be on a larger scale than existing facilities.
Major PVEP (PV energy provider), SunPower Corp said that it reduced production costs by more than 20% in 2013, following-on from a greater than 20% reduction achieved in the previous year.
PV energy provider (PVEP), Canadian Solar is considering increasing production capacity to 3GW in 2014. The SEC filing also revealed that the company had increased module assembly capacity at its plant in Ontario, Canada from 330MW at the end of 2013 to 530MW of as of January 31, 2014.
