Finance

There are indications falling polysilicon production is starting to address the long-standing global oversupply and helping the price of the solar material stabilize, according to consultants IHS i-Suppli.

A report into the future of the U.S. clean energy industry has called upon President Obama and Congress to introduce measures to ensure the country does not fall further behind in the global renewable energy revolution.

Chinese solar module giant Trina Solar has dismissed an analyst’s prediction that a $14bn off-the-books debt mountain will force it into insolvency within six months.

Chinese cell manufacturer Gold Poly New Energy Holdings Ltd has acquired solar power plant developer China Merchants New Energy Holdings Ltd.

Representatives of Spain’s renewable energy sector asked official Brussels to help end “harassment” of the photovoltaic sector in Spain after the sector lost 30% of its revenue as a result of changes to FIT rules that were applied retroactively.

Bloomberg New Energy Finance has released its annual league tables of the top movers and shakers in clean energy and photovoltaic projects figure prominently.

A contract for the construction of a new 2 MW photovoltaic plant in northern Chile has been signed and a new 1.2 MW photovoltaic plant in central Chile has come online, all in the space of just five days, highlighting a heightened tempo of photovoltaic development in the country.

While most photovoltaic manufacturers continue to record losses and some market outlooks remain bleak, new Deutsche Bank analysis has predicted that the solar market is set to grow by 22 percent to 33.4 GW in 2013.

With news of the global polysilicon market full of doom and gloom for the past couple of years, the turn of 2013 has seen stock market investors starting to take a shine to Chinese solar firms.

Market research consultant IHS iSuppli has offered a characteristically brutal prediction of the consolidation it expects in the global upstream solar market this year.