The US subsidiary of China-based tier-one PV module manufacturer, JinkoSolar, has secured a two-year line of credit of US$20 million to support US working capital and business operational needs from Wells Fargo Bank, National Association.
The chief technology officer of Indian manufacturer and installer, Tata Power Solar, has said commercial rooftop solar will reach grid parity before any other solar segment in India, and will be the cheapest form of energy for customers by 2024.
Japan’s renewable energy policy could see a drastic overhaul next year, with a possibility the Asian country could choose a scheme similar to the UK’s contracts for difference (CfDs), according to one advocacy group.
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.
