Solar cell prices decline in reaction to safeguard duties, impending MIP decision
“Significant” price movements in solar PV cells has been observed this week, in reaction to India’s safeguard duties, and the impending MIP decision, says EnergyTrend. Module, wafer and polysilicon prices, however, remain stable. In contrast, prices for li-ion batteries are set to increase by as much as 15% in Q3.
PV Crystalox receives €28 million in compensation
The British wafer manufacturer has reached a settlement agreement on unfulfilled long-term wafer supply contracts with a customer. The unnamed manufacturer has to pay €28.8 million to PV Crystalox.
SunPower borrows $110 million to refinance
The PV manufacturer plans to pay off the high-interest ‘mezzanine loan’ with revenue from its residential lease portfolio.
Meyer Burger posts positive earnings for first half of 2018
The solar manufacturing equipment maker has posted an EBIT of US$15 million for the six-month period. It marks a return to profitability for the Swiss company, after major restructuring and cost optimization programs over the past 18 months.
Hanergy is back on the expansion trail with plans for Brazil fab
The thin-film specialist has met representatives of the municipality of Uberaba, in the west of the state of Minas Gerais, to discuss project details. Planned investment may reach $1 billion as the Chinese manufacturer, like its peers, targets overseas markets.
ET Solar joins forces with cash-rich rival to drive exports
With a wave of consolidation predicted, the module manufacturer has announced a strategic partnership which will see it open up its overseas sales network and scale to smaller peer Tunghsu Kangtu.
Silfab to launch 300 MW back-contact module production in Q1 2019
The Ontario-based solar manufacturer will deploy a 150 MW production line at its manufacturing facility in Toronto, and another 150 MW line at an unspecified location in the United States.
GCL-Poly issues profit warning
GCL-Poly Energy Holdings Ltd expects profits for the six months ended June 30, 2018, to drop between 60 and 70%, down from the around RMB 1.2 billion (US$173.6 million) it earned in the previous year.
Ferroglobe to open solar grade silicon factory in Spain by the end of 2018
The London-based metal alloy and metallic products provider has conducted a test on 500 kW of wafers in cooperation with the Silicon Module Super League (SMSL). In the next weeks, it will also test 500 kW of PERC cells relying on its own “black silicon”, in coordination with another Super League producer.
HPQ Silicon’s plan to launch integrated PV production moves forward
The Quebec-based mining company has received financial support to the tune of $1.4 million from the local government to start a pilot production of 50 MT. The production equipment will be installed at the company’s facility in Montreal at a cost of $6.8 million.
