Solar project developer ReneSola announced Wednesday that it has secured US$18 million in financing from China Kangfu International Leasing — an affiliate of State Power Investment Corporation.
Automotive giant Audi AG and thin-film solar manufacturer Hanergy, via its US-based subsidiary Alta Devices have signed an MOU in respect of a development agreement to provide its electric vehicles with gallium arsenide (GaAs) flexible thin film based solar system integrated into a range of planned electric vehicles.
According to independent solar industry advisory firm AECEA, China has already exceeded its 13th Five-Year-Plan (2016-2020) target of 105GW by installing around 10.52GW of solar in July, after record first half 2017 installations of 24.4GW.
Taiwan-based PV cell and module manufacturer Motech Industries continued a fourth consecutive quarterly loss, yet losses declined on increased solar cell shipments in the second quarter of 2017.
Leading PV module encapsulation and backsheet material supplier Hangzhou First Applied Materials Co, formerly First Photovoltaics (PV) reported a continued increase in demand with sales up by 16.56% but profits crashed by 43.49% on significant ASP pressure in the first half of 2017.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has secured a US$200 million loan facility from an unspecified number and unidentified banks based in Hong Kong.
Major PV inverter manufacturer Sungrow Power Supply Co Ltd has reported strong first half-year financial results due to strong demand in China and key markets such as South East Asia.
Struggling US-headquartered solar PV encapsulant producer STR Holdings foray into recapturing market share by producing in China has come to an end with the closure of its manufacturing operations in the country.
PV and electronics equipment manufacturing and automation specialist Manz AG said it expected to generate revenue of at least €350 million in 2017, including significantly improved and positive EBIT as it starts execution of its large CIGS thin-film orders.
Leading solar PV inverter supplier Huawei said it had won the supply bid for Malaysia's first 50MW(AC) utility-scale PV plant project based on its ability to provide smart solutions to the projects challenging location and environmental conditions.
