Integrated PV manufacturer SolarWorld has started using two module assembly subcontractors to boost capacity to meet demand in the US and Europe, according to the company’s first half 2016 financial report.
Dedicated US residential solar installer Sunrun reported second quarter 2016 financial results that included higher than guided installations but a small reduction in expected full-year installations.
High-efficiency PV module producer and project developer SunPower said it was reducing its focus in PV power plant development outside the US and focusing more resources to the distributed generation market in the US.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has converted a previous auction bid success to a signed Power Purchase Agreement (PPA) for the 63MWp solar power plant in Aguascalientes, Mexico.
The largest dedicated and integrated monocrystalline product producer Longi Silicon Materials has signed a cooperation contract with China-based PV module manufacturer and EPC firm ET Solar to champion monocrystalline technology and products globally.
Leading ‘Silicon Module Super league’ (SMSL) member Trina Solar has announced that its chairman and chief executive officer, Jifan Gao has secured an investor consortium to take the company private and exit the NYSE in a US$1.1 billion transaction. The merger is currently expected to close during the first quarter of 2017.
Recent first half 2016 downstream PV installation figures for China have led industry advisory firm AECEA to project full-year figures could be in the 25GW to 30GW range, significantly ahead of planned installs of around 18GW.
Integrated PV module manufacturer SolarWorld has reported flat revenue and shipments for the second quarter of 2016, compared with the previous quarter.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in June, clearly demonstrate a significant slowdown in recent months.
China-based major EPC firm TBEA Sunoasis has signed a memorandum of understanding (MOU) with two Egyptian government agencies to build two 500MW PV power plants in the country.
