Profits rise again for Hanwha Q Cells in second quarter
With revenue and gross profit up on Q1, the South Korean vertically integrated solar company continues strengthening its financial position, reducing its debt-to-equity ratio by 80%.
Heraeus launches appeal against Taiwanese IP court decision
German silver paste manufacturer Heraeus announced that it has appealed the decision of Taiwanese regional intellectual property (IP) court, following its July 7th decision that Giga Solar does not infringe on its patent.
Daqo’s net profit slides to $12.1 million in Q2
Daqo New Energy reported a net profit of about $12.1 million in the second quarter of 2017, down roughly 47% from the preceding three-month period, as the Chinese polysilicon producer’s revenue fell more than 9% to about $76 million.
Solarworld’s insolvency administrator reaches agreement with investor
Solarworld Industries GmbH, for which the former CEO Frank Asbeck has been registered as managing director, wants to continue most of the cell and module production at its German facilities. The meeting of creditors must approve the agreement on Friday. The investors also take over the shares in foreign companies, but not in the US subsidiary of the German photovoltaic manufacturer.
Xinyi Solar posts $160.5 million profit in H1
Chinese PV developer and EPC specialist Xinyi Solar recorded a net profit of HK$1,254.9 million ($160.5 million) in the first half of 2017, up 12.5% from the preceding year, as its downstream unit’s cumulative installed capacity passed the 1 GW mark.
India’s Heavy Engineering enters solar module production
The Indian industrial conglomerate is currently planning to build a 150 MW vertically integrated PV panel manufacturing facility.
Netherlands’ Prisma Systems offers to acquire SolarWorld
The Ducth solar company has confirmed to pv magazine that it has sent a takeover proposal to SolarWorld’s insolvency administrator last week.
Intevac’s revenue and profits pushed up by thin-film equipment sales
The California-based equipment supplier sold one Matrix solar ion implant system and two Energi solar implant systems during the second quarter of this year.
Hanergy unveils new rooftop PV product
Hanergy Thin Film Power (HTF) has announced the release of Hantile, a new CIGS thin-film solar product that can be integrated with roofing materials.
NPC Incorporated posts 346% revenue growth in first nine months of fiscal year ending 8/2017
The Japanese equipment provider also reported a profit of JPY 446 million ($4.0 million) for the first three quarters of the current fiscal year.
