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MEMC positive on solar outlook

Although polysilicon manufacturer MEMC’s first quarter results paint a picture familiar for companies with solar as part of their offering, the drag of photovoltaics on the balance sheet was not a severe as has been seen elsewhere.

Yingli lands 220 MW module order

Solar module manufacturer Yingli Green Energy has cemented its relationship with the state-owned China Power Investment Corporation by signing a deal to supply 220 MW of its modules to the Chinese government-owned power company.

Thin film loophole to be closed in India

A loophole in the commissioning of solar projects under India’s Jawaharlal Nehru National Solar Mission (NSM) which allowed developers to bypass domestic content requirements is set to be closed.

ABB demonstrates solar credentials in Japan

Swiss engineering conglomerate ABB has joined the race for a slice of the lucrative Japanese solar market by demonstrating its solar muscle with a PV installation on one of its factories in the country.

Centrosolar sees Q1 revenue drop 46% as domestic market worsens

Centrosolar Group AG’s preliminary first quarter results reflected both a sharp decrease in the sale of PV modules and the general downturn in the German PV market.

Phoenix Solar posts Q1 net loss of €5.8 million as its shifts focus to Asia, US

German PV group Phoenix Solar saw its net loss grow from €1.2 million to €5.8 million in the first quarter of the year as revenue declined 19.4% to €30.6 million from January to March.

SolarWorld to meet creditors, discuss restructuring

Troubled solar panel maker SolarWorld will host creditors next month at two separate meetings with the goal of appointing creditor representatives and outlining its efforts to restructure.

Bosch solar exit official; 3,000 jobs at stake

After months of speculation, Bosch has today confirmed it will exit the crystalline solar sector. As of 2014, the German company will cease production of its photovoltaic ingots, wafers and cells. It will also “quickly” sell its solar business units, including its majority stake in aleo. Decreasing prices has been blamed for the decision. Up to 3,000 employees will be affected, tells pv magazine.

UK publishes new FIT rates; records 70% increase in PV capacity

The U.K. has published its new FIT rates, due to take effect in July. The country’s 2012 energy statistics have also been released. According to the figures, 3.2% of energy was generated from PV, while renewables accounted for 11.3%. Overall, the government is confident growth will continue.

Qatari investor expected to save SolarWorld

It has been largely agreed that Qatar Solar Technologies will step in to save SolarWorld AG, according to reports. The details are expected to be published at the German photovoltaic company’s EGM.

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