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Comtec sees strong demand for monocrystalline, despite huge net loss

Like Longi, Comtec sees strong demand for monocrystalline solar products

Comtec Solar Systems Group Limited has seen its net loss for 1H 2015 plummet, despite increasing revenues. It is confident, however, the market for its monocrystalline wafers is strong.


Polysilicon dumping in China forces GCL to change strategy

GCL ramped up production this 1H

On the back of the dumping of "enormous" amounts of polysilicon into China, GCL-Poly was "forced" to decrease shipments and instead focus on ramping up production. Despite the tough conditions, the company has reported relatively...


China: Longi, Lerri Solar unveil monosilicon expansion plans

Mono ingot and wafer production costs are falling fast, says Longi

Longi Silicon aims to expand monocrystalline silicon production to 10 GW. The company believes the solar market will eventually switch completely from multi- to mono-crystalline silicon products. Lerri Solar has also unveiled...


Hanergy to cut 2,000 jobs under restructuring plan, posts 90% net loss

Under a restructuring plan, Hanergy has said it will "considerably" adjust its strategy

Hanergy has said it intends to cut 2,000 jobs under a restructuring plan, which also includes the introduction of five new business groups. Overall, Hanergy has seen its net earnings plummet over 90% in 1H 2015.


Roth & Rau renamed Meyer Burger AG

Shareholders of Roth & Rau AG have approved a proposal to rename the Hohenstein-Ernstthal facility to Meyer Burger (Germany) AG with immediate effect. Meyer Burger AG has also agreed to sell its subsidiary Roth & Rau - Ortner...


Shunfeng records 66% 1H profit decline

Shunfeng has 2.3 GW of solar projects in China, of which 1.9 GW are under construction

Shunfeng International Clean Energy Limited has seen net profits dive almost 65% in 1H 2015, caused partly by decreased ASPs and increased operating expenses. Current liabilities also exceed assets by around US$439 million.


Comtec Solar reports net loss

Shanghai-based Comtec Solar Systems has issued a statement indicating that the company expects to register a decrease in gross profit margin for the first half of 2015 compared to the same period in 2014.


Elon Musk buys more SolarCity stock following hedge fund manager short

SolarCity stock has seen a series of ups and downs in recent days, falling to its lowest level since October 2013 over the weekend. However, the stock showed a modest recovery following Musk's move.


CIGS world-record holder, TSMC exits solar industry

CIGS thin film company TSMC will cease manufacturing activities at the end of August

Taiwan-based TSMC has announced it will exit the thin film industry, ceasing manufacturing activities at the end of August, due to the fact its "solar business is no longer economically sustainable." All product warranties will...


ReneSola’s net revenues continue to fall on back of downstream shift

ReneSola wants to move away from module manufacturing

ReneSola recorded a number of Q2 2015 losses which, it says, reflects its shift from upstream to downstream activities. In the second half of the year, it plans to develop and build over 300 MW of solar PV projects and increase...


Crowdfunding record for solar

Sonneninvest has managed to gather more than a million Euros via crowdfunding for solar PV plants. The company's second crowdfunding venture has already secured more than half a million Euros.


Swedish Midsummer granted loan for thin film R&D

Flexible thin film solar equipment developer, Midsummer has been granted a SEK10 million (US$1.21 million) grant from Almi Företagspartner for the continued development of thin film solar cell production equipment.


Market troubles hit solar stocks

Shares of publicly traded solar companies were already suffering from a faulty association with the price of oil, but the recent fall in global markets has furthered declines.


Exclusive: Lowest bid in second German PV tender EUR 0.01/kWh

The unit price model benefits big solar PV project developers

In a response to a request from the Green Party, the German Government has said that bids for the country’s second pilot solar tender for ground-mounted PV systems are between EUR 0.01 and EUR 0.1098/kWh. They are declining to...


China Sunergy's 260 MW deal to supply modules to the state

China Sunergy headquarters.

Latest move to shore up domestic solar industry sees state-owned company sign purchase agreement. 12-month supply deal backdated to start last month.


The pv magazine weekly news digest

Right Said Fred.

90s nostalgia afflicts solar as utilities clutch at straws in the US, the EU hurls penalties at impervious Chinese glass makers and digest regular Frank Asbeck prepares to count the dollars.


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