Ahead of its financial analyst day event, major PV energy provider SunPower has pre-released financial guidance for 2015, while announcing its highly anticipated next wave of manufacturing capacity expansions.
High-tech manufacturing equipment firm, Manz AG reported record revenue for the first nine months of 2014, driven by its Flat Panel Display segment, which generated €179.9 million from the total revenue of €250.9 million.
Strong growth in solar and wind will make renewable energy generation the world’s leading source of power by 2035, according to the International Energy Agency (IEA).
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.
