Latest headlines
Russia unveils draft renewable energy law
Russia’s Energy Ministry submitted a draft renewable energy law to Prime Minister Dmitry Medvedev for approval on 15 April. It is aimed at supporting the deployment of renewable energy sources including solar, wind and...
Australia: SilexSolar halts PV module production
Australia’s only photovoltaic panel producer has suspended all of its manufacturing operations. Most of its employees have been made redundant.
Germany: CDU business wing lashes out against solar subsidies
Following the publication of the medium-term forecast for Germany’s Renewable Energy Act [EEG] reallocation measures, economic policymakers from the Christian Democratic Union (CDU) are now demanding a cost limitation. Once...
US-Chinese trade war heats up
Set to be one of solar’s biggest topics of 2011 - a year already riddled with immense price pressure, insolvencies and investment issues - the U.S.-Chinese trade war is heating up. SEMI is the latest participant to make public...
Day4 Energy announces job losses, new CEO and business merger
Day4 Energy has announced that 28 employees will be let go as part of cost cutting measures designed to weather the current solar storm. It has also signed a letter of intent with Ever Energy Ltd to merge its operations, and...
Solon’s financials hit by solar slowdown
Germany-based Solon has also suffered from the downturn in the global solar market. In the first nine months of 2011, it recorded losses across the board. In particular, the company’s EBIT was significantly affected.
PV installations to reach 24 GW in 2011; Italy to take the lead
New research has revealed that newly added global photovoltaic capacity will grow from 19 gigawatts (GW) in 2010, to reach 24 GW this year. Meanwhile, Italy will overtake Germany to become the world’s leading country in terms of...
JinkoSolar revises Q3 and full year guidance downwards
Another casualty of 2011, JinkoSolar has revised both its third quarter (Q3) and full year 2011 guidance downwards.
SolarWorld suffering from weak market
While SolarWorld may have slightly increased its solar module shipments from last year, revenue has dropped. Meanwhile, the company’s EBIT more than halved and consolidated net income suffered significant losses, leading to a...
Sunways full year outlook bleak
In line with many of its German peers, Sunways has reported strong international sales. However, due to the damp solar market, the company has suffered from falling financial figures, leading it to post a bleak outlook for the...
Q-Cells: 250 employees to go; CFO resigns
Following a hard year for the German photovoltaic company, Q-Cells has announced that 250 of its employees will be let go by the end of the year. Meanwhile, CFO Marion Helmes has announced her resignation, effective today,...
Potential of job creation highlighted at Solarcon India 2011
The third Solarcon India has wrapped up in Hyderabad. One of the key takeaways from the event, held from November 9 to 11, is the great potential for job creation through American-Indian collaboration. Meanwhile, the looming...
Equipment suppliers hit hard
Suspensions or cancellations in photovoltaic manufacturing capacity expansions or new plant builds are hitting equipment suppliers hard, in a new analysis from Solarbuzz.
IEA sends stark warning
The International Energy Agency (IEA) has sent a stark warning to the international community regarding the world’s energy future.
Taiwanese cell manufactures set to benefit from US-China trade dispute
Taiwanese solar cell manufacturers are likely to benefit from the U.S.-China trade debate, if countervailing duties are imposed as early as March 2012. Meanwhile, following the first hearing by the International Trade Commission...
PV manufacturing equipment revenues set to halve in 2012
Tying in with other reports published, new research has found that the photovoltaic equipment market is likely to halve next year, due to dwindling demand.
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