Major renewable energy provider SunEdison may have cut its rate of growth due to financial concerns but the slowdown did not manifest itself in reporting third quarter financial results.
'Silicon Module Super League' member Canadian Solar is to allocate around US$401 million in capital expenditures through the end of 2016 to significantly increase in-house wafer, cell and module production capacity and locate new plants in multiple countries.
Market research firm IHS has forecasted a slowdown in global solar PV demand growth in 2016 but the market is expected to reach around 65.5GW, compared to 58.7GW forecasted for 2015.
Integrated PV module manufacturer REC Solar has said its third quarter revenue reached a new record of US$234 million and module shipments jumped 101MW to 361MW.
