Rises in consumer electricity prices, caused in part by a backlog of unbuilt PV projects, could put Japan’s solar industry in serious danger of losing support, a Tokyo-based analyst has warned.
A Pakistan PV wholesaler has told PV Tech the country’s nascent solar industry could face “total collapse” unless a tax on imported solar equipment is lifted.
Thin-film PV module developer and manufacturer Ascent Solar Technologies, Inc. has reached an agreement with investors that will see the company secure US$32 million in senior secured notes and warrants in order to buy shares of its common stock in a private placement.
Tier-one PV manufacturer, ReneSola has said that a new framework agreement with Chinese retailer, China Seven Star Holdings, could lead to the sale of around 200MW of existing and planned PV projects within 18 months.
A former Pakistani technology minister has attacked a new tax that has left containers full of imported solar equipment reportedly stranded at ports in the Asian country.
Polysilicon producer, REC Silicon reported second quarter revenues of US$126.8 million, compared to US$113.3 million in the previous quarter, due to higher demand for fluidised bed reactor-based granular polysilicon and a 4% increase in selling prices.
PV is set to become the second most important source of power in the US after natural gas by 2040, according to the US government's Energy Information Administration (EIS).
Solar installations in the US have increased by over 40% year on year, according to the 2014 edition of US clean tech research firm Clean Edge's annual Clean Tech Leadership Index (CTLI).
