Canadian Solar closes deal on 40 MW of projects
Four Ontario solar projects will be sold for an undisclosed sum to fund managers DIF. The sale marks another win for Canadian Solar’s downstream Solutions subsidiary.
Wafer production costs to fall below $0.20/Watt
NPD Solarbuzz says rising demand and falling wafer and poly production costs are good news all round. Tier 1 suppliers are continuing to drive down production costs.
Jinko Solar revenues grow 11.2% in third quarter
CEO Kangping Chen says the company is devoting substantial resources towards growing core PV operations and rapidly expanding its downstream business after achieving net profitability for the entire year ahead of schedule.
Japanese climate change u-turn could affect FIT
IHS analyst Ash Sharma says the Japanese government’s reduction of its climate change commitments could affect the solar FIT in March. The generous regime will be reassessed in four months’ time, says Sharma.
Desert Solar conference instills Saudi confidence
The one-day event was low-key but highly focused, attracting an audience committed to patiently furthering PV development in Saudi Arabia.
Greek PV market shrivels to just 6 MW per month
Austerity-driven FIT cutbacks have seen PV installations in Greece plummet from the 801 MW installed in the first quarter. Figures show only 6 MW were installed in each of August and September.
Solar losses weigh on Applied Materials
The solar business is contained in the only division of Applied Materials to report a full year loss. The fate of the company’s solar business hangs in the balance as Applied’s $29bn merger with Tokyo Electron approaches.
Abu Dhabi power chiefs to propose 500 MW solar rooftop scheme
Aiming for 7% renewable energy generation by 2020, the Emirate’s electricity regulator will submit its solar plans to the Executive Council in early 2014.
Canadian Solar posts positive third quarter results across the board
The solar manufacturer shipped 478 MW in Q3, generating $490.9 million in net revenue: an increase of 41.1% on Q2.
Suntech transfers Japanese unit shares to Wuxi Suntech
Following creditor approval of Shungfeng’s $493 million takeover of Wuxi Suntech, parent group Suntech Power is sprucing up the insolvent unit with additional assets from Japan and Singapore.
