The pv magazine weekly news digest
Aachen and Kostanz once again take a pivotal role in world history, the Chinese make David Cameron’s job that bit easier and Hawaii and Scotland feature in the same story – you’ll only find that in pv magazine.
EU doubles duty levels on solar glass from China
The European Commission has sharply raised duties on imports of solar glass from China, ruling that producers had absorbed previous anti-dumping and CVD penalties into their prices.
Solar stock prices slide on investor fears
Prices of solar stocks continued to slide downward this week, as they have for months. Analysts attribute recent declines to a mistaken belief in a direct relationship between oil prices and solar market fundamentals.
Suniva to expand US manufacturing capacity on back of $57 million Shunfeng acquisition
Suniva will increase its U.S. solar manufacturing capacity to 400 MW following an injection of US$57.7 million by Chinas Shunfeng International Clean Energy, which yesterday announced a 63% stake in the U.S. company. A ramp up to 1 GW is on the cards, according to reports, however.
Ascent Solar terminates China fab plans
Ascent Solar Technologies Inc. has terminated an agreement in Suqian, China to build a 100 MW solar PV module manufacturing facility, due to, among other issues, a lack of available technical skills.
Solar3D acquires Elite Solar for $7.15 million
Marking its third acquisition in two years, Solar3D has signed an agreement to acquire California-based solar systems provider, Elite Solar, which is set to see revenues soar 140% YoY. The transaction is expected to close by latest, November 1.
Centrotherm records positive H1, despite orders falling short
Centrotherm photovoltaics has recorded increases across the board in its latest earnings release. Despite this, new orders fell short of management expectations, affected by competition and cost pressures. The German company confirms its full year guidance.
Meyer Burger sees big H1 order increase, widens net loss, announces job cuts
Meyer Burger Technology Ltd has seen a “substantial” increase in H1 2015 orders, particularly in its PV segment. Despite this, overall YoY net loss, including sales, widened. Further workforce reductions were also announced. For the full year, the company confirms its guidance.
New Jersey expands limit on net metered solar while Nevada keeps cap
Wednesday saw decisions on the solar policy in at least two U.S. states, with New Jersey’s governor signing a bill significantly expanding its official cap and Nevada regulators declining a request to do so without a legislative change.
SolarCity completes its fourth securitization
SolarCity has closed on the sale of $123 million in bonds backed by a portfolio of its solar assets. This is the company’s fourth successful securitization, and it remains the only company to complete one.
