Revised IHS forecast predicts greater global spending on solar
As market conditions begin to improve, the analysts have raised their forecast for PV capital spending, predicting a 42% increase in 2014.
Hanwha SolarOne posts $75 million third-quarter net loss
Lower shipments resulted in a slight drop in revenue and a major increase in net loss for the Chinese PV manufacturer despite further expanding its global footprint and increasing business in Japan, China and the U.S.
Suntech granted Cayman Islands liquidation
Decision by the authorities in the Carribean tax haven means work can start in winding up the international shell company. Complications with the proposed liquidation could obstruct Jiangsu Shunfeng’s acquisition of Wuxi Suntech’s production lines.
Apple named as Mesa buyer
A newspaper report has named Apple as the purchaser of First Solar’s Arizona module manufacturing facility. The plant never started module production and features the state’s largest rooftop solar array.
It's all good news in GCL update
Polysilicon and wafer manufacturer GCL-Poly has nothing but rises to report to the Hong Kong Stock Exchange. The figures include a 511% increase in third-quarter polysilicon sales, year on year.
Ontario opens application window for small FIT projects
The OPA will allocate FIT payments for up to 123.5 MW of small solar projects plus 15 MW for planned arrays on yet to be constructed buildings. The procurement rules for larger projects are still being formulated.
Mascotte seeks bond deal as it struggles to reduce debt pile
With liabilities of HK$236 million ($30.4 million), the Taiwanese company has negotiated an agreement with bondholders but must still convince shareholders.
Neo Solar is into profit
Taiwanese cell maker Neo Solar has returned to profit after completing its merger with Delsolar in May. October saw the company’s best revenues since March 2011.
Ascent Solar figures hit by government delays
Rise in consumer electronics sales cannot mask R&D contract losses for CIGS manufacturer Ascent. The Colorado-based thin film maker has announced plans for a manufacturing facility in Suqian, China.
REC panels power Cedarville University
REC panels will power a 2.15 MW installation at Cedarville University. The array will provide 10% of the university’s energy needs.
