Major polysilicon producer Wacker Chemie has reported its polysilicon division was heavily impacted by the slump in demand due to China’s ‘531 New Deal’ as a reason for the sharp decline in revenue and profitability which declined significantly in 2018.
Chinese module manufacturer Astronergy will close its Frankfurt production facility with the loss of 200 jobs. The site will, however, be repurposed into a sales and service hub for the European market.
PV inverter supplier SMA Solar is to lay off 425 full-time staff and discontinue China as a location as part of a restructuring plan announced in September in order to return the company to profitability quickly.
Jinergy gets bifacial HJ modules approved for UAE projects, while
LONGi teams with BayWa r.e. on global distribution deal and JinkoSolar supplies 132MW of modules to Swinerton for Nevada project.
Leading PV manufacturing equipment supplier Meyer Burger has announced a new restructuring program, which is intended to bring its breakeven level to around CHF 250 million per annum.
The long-standing CEO of major PV inverter manufacturer SMA Solar Technology, Pierre-Pascal Urbon has suddenly stepped down from his executive role and plans to leave the company altogether at the end of December, 2018.
TUV Rheinland has hosted a delegation from China at its officials at the headquarters of TUV Rheinland Academy in Cologne, Germany that will support a strategic cooperation framework agreement for the Sino-German Industry 4.0 Demonstration and Training Center project.
Perovskite solar cell developer Oxford Photovoltaics (PV) has been awarded a €2.8 million grant from the German Ministry of Economic Affairs and Energy to prepare perovskite-silicon solar cells for high-volume manufacturing.
State-owned utility State Grid China, one of the world’s largest employers, has signed a memorandum of understanding (MoU) with German technology association VDE for cooperation in a range of priority areas, kicking off with a focus on smart energy and smart mobility.
Saturn Power to build first large-scale solar plant in Canada, Green Power EMC and Silicon Ranch plan another 194MW of solar in Georgia, Hanwha Q CELLS constructs 9.8MW solar power plant in Brandenburg.
