The German solar module manufacturer has received the license for up to 100 MW of solar modules, and is one of the few international companies to receive such a license, after the Turkish government put strict limits on PV module imports in an attempt to develop its domestic market.
Siam Commercial Bank plc (SCB) and China Minsheng Bank will jointly provide the manufacturer with a US$210 million loan to finance its new production facility in Thailand.
The German PV maker will introduce the diamond wire saws at Europe’s largest solar wafer plant in Freiberg.
The Shanghai-based integrated solar specialist said it expects to record a “substantial” net loss for the year to the end of December.
Meyer Burger’s solar PV manufacturing equipment is in vogue at the minute, as the company has enjoyed a flurry of new orders in the last week, the most recent a CHF 8 million (USD 7.9 million) order from one of the company’s existing European customers.
The 70 MW system is just one aspect of the plant’s commitment to 100% sustainability – but the company says it will be seven-times larger than the largest rooftop solar system currently installed.
The Taiwanese PV manufacturer recorded revenue of NT$1.166 billion ($36.8 million) in the final month of 2016, up 29.81% from November.
U.S. tracker manufacturer NexTracker announced this week that it will partner with project developers CleanMax Solar to supply 30 MW of its NX Horizon single axis trackers to a project in Tamil Nadu, India.
Chinese module manufacturer Suntech announced that it has increased the efficiency for its mass production multicrystalline PERC cells to 20%, transferring its recent laboratory success to the production line.
A new report examines China’s clean energy investments, which go well beyond its borders, as well as its increasing dominance of PV production and the lithium-ion battery value chain.
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