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.
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.
