Spain-based renewables firm Abengoa began insolvency proceedings yesterday after Gonvarri, an arm of industrial group Gestamp, decided against a plan to invest around EUR350 million (US$371 million) into the company.
Struggling ‘Silicon Module Super League’ member Yingli Green Energy has missed shipment guidance for the third quarter and will take a non-cash impairment charge of US$581.3 million on long-lived manufacturing assets, due to lower utilisation rates.
‘Silicon Module Super League’ member JinkoSolar has appointed Gener Miao as its vice president global sales and marketing, a position and role not used by the company in recent years.
Shunfeng International Clean Energy (SFCE) and a branch of the state-owned China General Nuclear Power Group have signalled their shared intent to develop clean energy facilities in regions including Europe.
Struggling PV manufacturer China Sunergy (CSUN) experienced a significant increase in shipments and revenue from the US in its fiscal second quarter financial results.
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS has said it expects to reach nameplate capacity of 5.2GW for both solar cells and modules by the middle of 2016 as the company continues major expansions in 2015.
Fresh questions have been raised over measures to prevent “dumping” of cheap solar products from China into the EU, following the news that two more Chinese exporters have been removed from the undertaking.
Negotiators are facing calls to reach a swift resolution to ongoing talks aimed at establishing a new global trade agreement for environmental goods such as solar cells and modules.
Major semiconductor equipment manufacturer Applied Materials is continuing to disengage from the solar equipment market after previously announcing its exit from Precision Wafering Systems (PWS) wire saw business, headquartered in Switzerland and stop development on its ‘Solion’ ion implant product, based in the US.
