Latest headlines

IFC finances Canadian Solar Vietnam, Brazil fab projects to tune of $70m

Canadian Solar CEO Shawn Qu welcomed the partnership with the IFC: "With IFC's commitment, we are able to expand our production capacity to meet the increasing demand for solar energy worldwide."

The Chinese solar company has received a financing package of $70 million to support its expansion plans in Vietnam, the company has confirmed.

SER Energia planning 960 MW of PV projects in Brazil

Brazil flag

SER Energia is aiming to install 960 MW worth of photovoltaics in Brazil. Already, it has registered 930 MW with the country’s electricity regulatory agency, spread across 31 projects. An investment of around US$1.5 billion is...

Court orders official insolvency proceeding for Sunways

Due to a third-party application, insolvency proceedings for Sunways are now officially open. The 100% wholly-owned subsidiary in Arnstadt, Germany is also affected.

SolarWorld to meet creditors, discuss restructuring

SolarWorld production

Troubled solar panel maker SolarWorld will host creditors next month at two separate meetings with the goal of appointing creditor representatives and outlining its efforts to restructure.

Australian module suppliers accused of making false claims

The Australian Solar Module website.

Australia’s Competition and Consumer Commission (ACCC) is prosecuting companies trading under the names Euro Solar and Australian Solar Panel. The firms are accused of claiming that their solar modules were Australian-made, when...

Germany: Slump in PV equipment sales

German PV equipment, machinery and component manufacturers had to make do with a decline of 50% in turnover in 2012 compared to the previous year. The German Engineering Foundation, VDMA, reported this downturn.

Taiwan's NanoWin Technology plans CIGS factory in Kazakhstan

Nanowin Technology Co. Ltd is reportedly planning to build a CIGS manufacturing plant in the Zhambyl region, located in southern Kazakhstan. A 5 MW photovoltaic plant is also expected to be built this year.

Buffett denies Suntech purchase rumors

logo Suntech building

Veteran American investor Warren Buffett has never had an interest in buying Suntech, according to an interview the 'Sage of Omaha' gave to China Business News, and which was carried by news agency Bloomberg. On Friday, the...

Domino effect: Asola Automotive Solar also insolvent

Just shortly after Asola Solar Power filed for insolvency in April, now sister company Asola Automotive Solar Deutschland has also submitted an application for the opening of insolvency proceedings. Nevertheless, good future...

SunPower shines a ray of light with Q1 figures

Antelope Valley.

With the help of veteran investor Warren Buffett's decision to buy the 579 MW Antelope Valley Solar Projects, California-based SunPower has announced that rarest of things in the solar industry – a positive quarterly update.

Largest Californian solar facility up and running

Agua Caliente.

NRG Energy will cut the ribbon today on its 66 MW Alpine Solar Generating Facility, California's largest fully operational solar generating plant.

$7m for clean energy on US tribal lands

The U.S. flag.

The U.S. Department of Energy is making up to US$7 million available for clean energy projects on tribal land.

Qatari investor expected to save SolarWorld

SolarWorld Freiburg, Germany

It has been largely agreed that Qatar Solar Technologies will step in to save SolarWorld AG, according to reports. The details are expected to be published at the German photovoltaic company’s EGM.

Canadian Solar Q1 shipments to exceed guidance

Canadian Solar photvoltaic modules

In issuing select preliminary Q1 2013 financial results, Canadian Solar Inc. expects its photovoltaic module shipments and gross margin to exceed previous guidance.

Fall in market share for top ten PV inverter suppliers

IHS has released its latest PV inverters quarterly report. Despite indications of industry consolidation, the top ten largest PV inverter suppliers saw their market share fall from 62% in 2011 to 56% in 2012.

Insolvency for AE Photonics

AE Photonics solar photovoltaic

Insolvency proceedings have officially opened against AE Photonics. All employees have already been laid off. Both the parent company and its Greek, Indian and U.S. subsidiaries will now be liquidated.

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