Despite increased shipments and sales reported in its second quarter (FY) results, China Sunergy has been forced to lower quarterly and full-year guidance due Chinese banks tightening credit facilities, restricting the company’s ability to purchase materials and products for production.
German project developer SAG Solarstrom has insisted it is weathering continued difficulties in Europe's PV market despite posting a €6.9 million (US$9.3 million) loss for the first nine months of the year.
The European solar market is set to stabilise in the final quarter of 2013 as it recovers from 18 months of turmoil, according to the latest data from the consultancy NPD Solarbuzz.
Enphase Energy has cited the roll-out its fourth generation microinverter and an expanding commercial rooftop as factors behind its record quarterly revenue posted this week.
Total S.A. has become a preferred bidder in the third phase of South Africa’s Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) to build an 86MWp PV power plant using SunPower’s ‘Oasis Power Blocks’ integrated system.
Shunfeng Photovoltaic International has successfully acquired the PV manufacturing operations of Suntech Wuxi with administrator approval for around US$490 million. Suntech Wuxi had debts of more than US$2.3 billion.
