Markets & Finance

REC Solar has released preliminary financial results for the fourth quarter of 2013, indicating sales to be around US$182 million, compared to US$148 million in the third quarter of 2013.

Tokyo Electron (TEL) has announced plans to discontinue its ‘micromorph’ turnkey thin-film production line operations, which it acquired after buying Oerlikon Solar in 2012.

The global solar microinverter and DC optimiser market is set to increase fivefold by 2017, according to a report from analysts GTM Research.

South Africa has been rated the most attractive emerging PV market in a quarterly report for global information company, IHS.

Major polysilicon producer, Wacker Chemie, said it would benefit from a one-time windfall of around €115 million in the first quarter of 2014 due to the restructuring of a supply contract with an undisclosed solar PV customer.

Embattled PV developer Solarstrom has confirmed that its UK arm has entered administration.

Ontario’s energy regulator received almost 500MW of project proposals, including 463MW of photovoltaics (PV), in the five-and-a-half week period that the feed-in tariff (FiT) window was last open.

The abolition of Australia’s Renewable Energy Target (RET) could lead to the loss of almost 7,000 jobs, according to an industry body.

SunPower has secured a US$220 million loan from Bank of America Merrill Lynch (BofAMerrill) to support its next wave of residential solar lease projects in the US.

Stocks in a large-number of PV companies were heavily sold-off last Friday on the same day erroneous market forecasts for PV demand in China and misinterpretation of recent Chinese Government agencies commitment targets for the sector in 2014 emerged.