GCL-Poly generates another $349m towards paying down debt
The polysilicon maker has turned a quick $160 million profit from the sale of its stake in a fund it paid $189 million to establish just five months ago. The heavily indebted manufacturer needs to raise funds to pay for its production capacity expenditure.
Softbank injects another $10m into Swedish dye-sensitized solar specialist Exeger
The Japanese multinational lender is making its second investment in the Swedish start-up. The funds will help the company ship its first products next year.
High power prices, falling PV costs and new regulations behind Brazil’s solar carnival
The nation’s thriving distributed generation market is flying, as was evident at last week’s Intersolar South America trade show. The sector seems unconcerned by mooted changes to net metering incentives in the new year and when even an environmental non-believer like President Bolsonaro is on side, it is difficult to be pessimistic.
New metallization process cuts silver demand for modules by 30%
Fraunhofer ISE has worked with German technology companies to improve the metallization process in silicon solar cells. The result could drive down module costs quite a bit.
Comtec ready to swim against the tide by outsourcing manufacturing
While the rest of China’s solar manufacturers take on ever more debt to expand their production lines as fast as possible, Comtec said it is ready to sell off fabs for the right money and will instead focus on project sales and lithium battery and EV business opportunities.
Big money for Turkey’s 500 MW solar factory
With the Turkish government having given Kalyon Enerji another three years to build the 500 MW facility it won a tender to construct with former partner Hanwha Q Cells, Ankara has now committed a $333 million “super incentive” to the fab.
Ukraine orders lift Risen up overseas module shipment rankings
The Ningbo-based manufacturer shipped more than a quarter of the panels it exported in the first six months of the year to the eastern European nation. All the big manufacturers posted rising shipment volumes as emerging markets made up for slow growth in their homeland.
Solibro restructuring plan will depend on shareholders
The District Court of Dessau-Roßlau yesterday confirmed self-administered insolvency proceedings have been conducted at the German thin-film CIGS module manufacturer and a provisional administrator has been appointed.
Longi brings forward manufacturing capacity plans by a year
Having stated an intent to hit 65 GW of annual mono wafer production capacity by the end of 2021, the Chinese solar manufacturing giant has now said that landmark will be achieved next year.
Space age solar solution moves toward production
A consortium of European research institutes has received €10.6 million in EU funding to establish pilot production of a high efficiency module concept developed by Swiss startup Insolight. The module combines high efficiency multijunction cells with a solar concentrator lens and has previously demonstrated 29% efficiency.
