Nine-month figures from China lay bare impact of May 31 policy U-turn
Although industry representatives are predicting no falling-off in the market next year, there is nothing in the latest set of figures to support such a positive outlook.
Hanergy Thin Film asks for more details about plan to take it private
The Hong Kong-listed unit has asked where its parent will find the cash and shares to complete a $7bn deal to take ownership back in house and then list it on the Chinese A-share index.
Xinyi Solar plans to float PV project operations unit to finance glass production expansion
Parent company hopes to receive a $392m windfall – half of it upfront – by offering shares in its solar farm operations unit and then using the net profits to sell the newly-spun out business its six-project PV portfolio in China.
Korea to build world’s largest solar park
President Moon Jae-in yesterday announced plans for a 3 GW project. South Korea plans to add 30 GW of PV by 2030, to improve the country’s hitherto poor renewable energy performance.
Chinese duties on polysilicon imports from EU have expired
The Chinese Ministry of Commerce has announced that antidumping and countervailing duties imposed in 2014 on polysilicon imports from the European Union will not be further renewed.
SunPower still swinging in Q3 results
The high efficiency PV maker is still chasing elusive profitability, but had some major successes this quarter and is optimistic about new technologies and opportunities.
GCL Poly expands capacity of new polysilicon factory
Chinese polysilicon producer GCL-Poly Energy Holdings yesterday announced plans to increase the production capacity of its new factory, currently under construction in Xinjiang, China, to 60,000 metric tonnes (MT) per year. Accordingly, the company expects total investment in the project to increase to around $862 million.
Asian market to see 355 GW of solar over five years, despite policy challenges
Despite political hurdles in key markets including China, India and Japan, Asia remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.
REC Silicon posts loss for second quarter running amid poly market slump
The Norwegian polysilicon producer posted an EBITDA loss of $6.1 million for the third quarter of 2018, as it continues to struggle with low demand and prices. Revenue for the company’s solar materials segment fell almost 70% on the previous quarter.
Northvolt to open battery assembly plant in Poland
Swedish battery supplier Northvolt has announced plans for a manufacturing plant in Gdansk, Poland. The company says that the plant will have an initial capacity of 10,000 battery modules per year and will begin production in 2019.
