Manufacturing

After a challenging year for polysilicon producers, Carrie Xiao assesses whether market conditions will improve and prices rebound.

US renewable energy developer, Longroad Energy, announced financial close of 111MWdc solar and 85MWac/340MWh storage project Sun Pond in Maricopa County, Arizona, 4 December.

Swiss solar manufacturer Meyer Burger has secured US$39.48 million to support its restructuring operations and “stabilise” its business.

Indian solar module manufacturer Waaree Energies has formed an Australian wholly-owned subsidiary called Waaree Renewable Energies Australia Pty Limited.

The company recorded losses of US$179.1 million in Q3, with revenues of US$88.5 million, in a continually difficult year.

US$14 million net losses for the quarter compared with net income of US$4 million in Q2 2024 and US$22 million in Q3 2023.

Singapore-headquartered solar manufacturer EliTe Solar has commissioned a solar cell production plant in Indonesia.

French independent power producer Reden has recently launched a module assembly line with an annual nameplate capacity of 200MW in France.

SunDrive Solar has partnered with Capral Aluminium to build a sustainable and domestic supply chain for solar PV in Australia.

As solar panel prices continue their downward trend in November, module prices are expected to face a ‘slight uptick’ in December, according to the latest pv.index report.