Chinese manufacturer Renesola has taken a $195 million hit on the closure of its out-of-date poly production line in Sichuan. The company will buy-in polysilicon to feed rising shipments.
The Chinese solar company follows in the footsteps of Jinko Solar and Canadian Solar in returning to profit towards the end of 2013.
The announcement, made at this week's Solar Qatar Summit, will help propel the country towards its stated aim of 200 MW of solar installed by 2020.
Australia's mining industry is investigating solar to supply some of its energy needs in off-grid and remote locations. In the resource rich state of Western Australia, estimated savings could reach an excess of AUD$2 billion.
The Californian solar company's new identity will focus on CIGS technology and a platform developed to deliver profitable, GW-level production capabilities.
The 8th International Renewable Energy Storage Conference (IRES) in Berlin has highlighted the potential of small battery solutions to increase stability and prevent surges of PV electricity.
The NYSE watchdog is delisting Suntech shares due to uncertainty over its its ability to complete a necessary SEC filing and its restructuring process.
The 7 MW installation from juwi was brought online a week ahead of schedule, supplying clean energy to the grid in the north west of the country.
As Jordan aims for 600 MW of installed solar capacity by 2020, Yingli Solar are well positioned to improve on their 20% market share in the country.
China is now driving the total Asia Pacific baseline forecast to 24 GW for 2014, with an upside as high as 32 GW, according to NPD Solarbuzz.
The Norwegian solar company also estimates that the entire African continent requires $100 billion in PV investment over the next decade if it is to wean itself off unsustainable energy.
While small FIT-supported projects have driven the British photovoltaic market, 2013 has seen an increasing amount of large-scale capacity as the government weighs green tax reductions while embracing nuclear power.
CEO Kangping Chen says the company is devoting substantial resources towards growing core PV operations and rapidly expanding its downstream business after achieving net profitability for the entire year ahead of schedule.
NPD Solarbuzz says rising demand and falling wafer and poly production costs are good news all round. Tier 1 suppliers are continuing to drive down production costs.
Four Ontario solar projects will be sold for an undisclosed sum to fund managers DIF. The sale marks another win for Canadian Solar's downstream Solutions subsidiary.
Chinese solar manufacturer Hanwha wants to expand its project development business in China and upgrade its manufacturing processes. Hanwha Group intends to start manufacturing polysilicon in future.
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