Markets & Finance

Turkey is targeting 5GW of installed PV by 2023 as part of a new strategy on renewable energy deployment developed with Deloitte and the European Bank for Reconstruction and Development (EBRD).

Taiwanese solar cell producer, Solartech Energy Corp reported flat sales for January, 2015, compared to the previous month.

Japan and the US will be the two largest markets for PV inverters in 2015 and 2016, according to research by the consultancy firm IHS.

India will enforce renewable generation targets as part of impending new energy policy, Piyush Goyal, minister for coal, power and new & renewable energy (MNRE) has said.

The hype surrounding India’s plans to install 100GW of solar by 2022 went to a new level at the weekend as India’s Prime Minister, Narendra Modi and Piyush Goyal, Minister of State for power attended the first government backed event to kick-start investment in Modi’s plans.

US-based polysilicon producer REC Silicon is planning to attempt to shift its current FBR-based (fluidised bed reactor) polysilicon production sales away from China over tariff duty uncertainties and the eventual ramp of its JV FBR-base plant in China in 2017.

Hyundai Heavy Industries (HHI) reported a decline in solar cell and PV module sales in the fourth quarter of 2014.

Inverter manufacturers face a growing but increasingly tough market over the next four years characterised by cost pressures and ever tighter margins, GTM Research claims.

Korean polysilicon producer, OCI Company has reported a 17% increase in polysilicon sales in 2014 as its plants run at full capacity.

The parent company of GCL Poly has taken over the management of embattled module manufacturer Chaori Solar.