World’s leading makers of PV modules strengthened their position at the apex of the market last year, with Yingli Green Energy leading the way.
News comes just one week after an offer to purchase the inverter business was lodged, and mere days after a German court opened insolvency proceedings.
According to IG Metall (Industrial Union of Metalworkers), the majority of the remaining 150 Solon employees will lose their jobs.
While the Swiss company posted an 18% drop in first-quarter net income, revenue remains steady, with four divisions on track.
The Solar Trade Association warns that a hasty push for cheap solar would come at the cost of achieving quality in the solar farm industry. The local industry is “on tenterhooks.”
LDK Solar’s Constance-based company has tried but failed to remain afloat for the second time in seven months.
The Norwegian company is expanding production capacity with two new module lines and broadening its product offering as it seeks to strengthen its position in the high-end market segment.
The project marks the U.S. group’s first PV investment in India. GE has exceeded $10 billion in renewable energy investment commitments worldwide to become one of the industry’s leading investors.
The building integrated photovoltaics market will grow by 18.7% between now and 2019, according to Transparency Market Research’s latest findings.
The Chinese PV group has increased its operations in the booming domstic market and intends to use up to 60% of the proceeds from the offering for downstream expansion.
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