Spanish tracker manufacturer Soltec saw its revenue and earnings tumble in the first quarter of the year, citing delays in PV project development due to higher raw material costs that have led to increased module prices.
Integrated solar roofing firm GAF Energy has started moving its manufacturing base from Asia and building out its first combined research and development (R&D) and manufacturing centre in San Jose, California.
Europe’s solar technology specialists may need up to €7 billion (US$8.51 billion) in capital investment in order to scale up domestic manufacturing to be globally competitive, according to a panel of industry leaders.
The International Energy Agency (IEA) has said it expects annual solar PV additions globally to surpass 160GW by 2022, affirming the technology’s position as the “new king” of global electricity markets.
European polysilicon provider REC Silicon has pinned hopes on plans to develop an ultra-low carbon solar PV value chain amidst a strengthening polysilicon market, stating it is confident that it will restart production at its Moses Lake facility.