Polysilicon dumping in China forces GCL to change strategy
On the back of the dumping of “enormous” amounts of polysilicon into China, GCL-Poly was “forced” to decrease shipments and instead focus on ramping up production. Despite the tough conditions, the company has reported relatively stable 1H earnings.
Comtec sees strong demand for monocrystalline, despite huge net loss
Comtec Solar Systems Group Limited has seen its net loss for 1H 2015 plummet, despite increasing revenues. It is confident, however, the market for its monocrystalline wafers is strong.
Comtec Solar reports net loss
Shanghai-based Comtec Solar Systems has issued a statement indicating that the company expects to register a decrease in gross profit margin for the first half of 2015 compared to the same period in 2014.
Shunfeng records 66% 1H profit decline
Shunfeng International Clean Energy Limited has seen net profits dive almost 65% in 1H 2015, caused partly by decreased ASPs and increased operating expenses. Current liabilities also exceed assets by around US$439 million.
Roth & Rau renamed Meyer Burger AG
Shareholders of Roth & Rau AG have approved a proposal to rename the Hohenstein-Ernstthal facility to Meyer Burger (Germany) AG with immediate effect. Meyer Burger AG has also agreed to sell its subsidiary Roth & Rau – Ortner GmbH to HAP Holding.
Hanergy to cut 2,000 jobs under restructuring plan, posts 90% net loss
Hanergy has said it intends to cut 2,000 jobs under a restructuring plan, which also includes the introduction of five new business groups. Overall, Hanergy has seen its net earnings plummet over 90% in 1H 2015.
Swedish Midsummer granted loan for thin film R&D
Flexible thin film solar equipment developer, Midsummer has been granted a SEK10 million (US$1.21 million) grant from Almi Företagspartner for the continued development of thin film solar cell production equipment.
Crowdfunding record for solar
Sonneninvest has managed to gather more than a million Euros via crowdfunding for solar PV plants. The company’s second crowdfunding venture has already secured more than half a million Euros.
ReneSolas net revenues continue to fall on back of downstream shift
ReneSola recorded a number of Q2 2015 losses which, it says, reflects its shift from upstream to downstream activities. In the second half of the year, it plans to develop and build over 300 MW of solar PV projects and increase Q3 net revenues.
CIGS world-record holder, TSMC exits solar industry
Taiwan-based TSMC has announced it will exit the thin film industry, ceasing manufacturing activities at the end of August, due to the fact its “solar business is no longer economically sustainable.” All product warranties will be honored said the company, and all workers will receive employment offers.
