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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.
As the Taiwanese polysilicon manufacturer attempts to raise funds and renegotiate a looming bonds deadline, it has announced another expected loss. The extent of the losses should be revealed at the end of November.