Markets & Finance

Major PVEP (PV energy provider), SunPower Corp said that it reduced production costs by more than 20% in 2013, following-on from a greater than 20% reduction achieved in the previous year.

PV energy provider (PVEP), Canadian Solar is considering increasing production capacity to 3GW in 2014. The SEC filing also revealed that the company had increased module assembly capacity at its plant in Ontario, Canada from 330MW at the end of 2013 to 530MW of as of January 31, 2014.

Over 142,000 people are employed by the solar industry in the USA, with over a third based in California, a series of reports published by non-profit organisation The Solar Foundation has revealed.

Trina Solar has expanded its distribution network in the UK as it eyes the country’s underdeveloped commercial sector.

Polysilicon demand is increasing sharply on the back of expected global end market demand reaching 49GW in 2014, according to NPD Solarbuzz.

Suntech Singapore has been ordered to pay Suntech Power Holdings’ immediate subsidiary Power Solar System (PSS) nearly US$264 million.

The Indian government is seeking a US$500 million loan from the World Bank to initiate construction of a planned 4GW solar project in Rajasthan.

Advanced Energy Industries (AE) has said it has begun shipping its new flagship ‘AE 1000NX’ 1MW-sized according to its backlog pipeline to PV projects.

Nuclear and renewable energy technology engineer, Areva has teamed up with renewables energy generator and distributor, Schneider Electric.

PV equipment and technology specialist, Amtech Systems reported a noticeable rebound in sales for its fiscal first quarter of 2014.