State-owned investor pumps $710,000 into ailing Hong Kong developer. Shares stabilized at $0.13 this morning from year-high of $0.20 on June 2.
The global inverter market will shrink 5% in 2013 as price pressures counter rising shipping volumes, but there will be a strong rebound next year, according to IMS Research.
Solar stocks have been riding high and the recent deal between the EU and China has further bolstered a recovering sector, but analysts warn that a bull market, spurred by speculation, can be a fragile thing.
The U.K. supermarket and retail giant has installed more than 200 rooftop PV systems on its stores across the country as part of an ambitious goal to reduce carbon emissions by 30% in the next seven years.
Power systems will fall to $10,000 by 2015 against backdrop of rising EV sales in the U.S., says the Department of Energy.
Stock traders reacted to news of the EU-China trade agreement and clearly indicated which side of the table they think secured the better deal. The early trading figures provided rare good cheer for Suntech.
The duration of the solar panel EU-China trade deal should be shortened, the floor price made more flexible and the UK government should soften the blow of 'Brussels' meddling,' says the Solar Trade Association.
Pro-tariff lobby group says the reported solar module deal between the EU and China violates EU laws. Trade commissioner Karel De Gucht is dismissive of a possible legal challenge.
The EC says polysilicon imports to China will not face duties until at least April. Some 70% of Chinese manufacturers have signed up to the EC-China trade deal but the minimum import price has not been confirmed.
The anti-tariff lobby group AFASE says the reported minimum purchase price for Chinese solar modules is too high -- at 20% or more above previous prices -- and does not have regression built in to match FIT rates.
Further details regarding the trade deal between the EC and China are expected to be announced on Monday. The EC and China reportedly agreed on 56 euro cents per watt.
The Chinese manufacturer will supply 20 MW of solar panels to state owned power company Hainan Xianshou Waterpower. The deal follows 80 MW of orders last month as Sunowe looks away from Europe.
The anti-tariff AFASE lobby group is calling on EU member states to reject the deal while EU ProSun is reportedly drawing up court papers. Commissioner De Gucht has yet to confirm details of the agreement.
Lithium-ion battery manufacturer Saft has entered high volume series production of lithium-ion batteries for Bosch's new storage systems aimed at the residential self-consumption segment.
The Chinese manufacturer installed its panels across 129 buildings in the city as part of the Chinese government's Golden Sun plan to drive distributed generation in the country.
Korean manufacturer Hanwha Q Cells will ship 60 MW of its Q.PRO G3 modules, part of its new G3 product range, for three solar schemes in Japan. Sumitomo Corp and NTT facilities are partners on the deal.
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