As expected, the EU has effectively announced the summer trade deal will be used as a panacea for its subsidy and dumping investigations. EU manufacturers are sure to be disappointed by the announcement.
The Chinese PV giants have invested $45 million in Yabang Group’s subsidiary, Changzhou NESL Solartech Co., and hope to reach 500 MW production capacity within 12 months.
The manufacturer of silicon-based products will buy the stake, which comprises two solar polysilicon ventures, for $240 million.
The provisional duties vary between 17.1% and 42.1% depending on each Chinese company’s cooperation with the investigation. The tariffs are due to take effect tomorrow, Nov. 28.
The state of Pernambuco has set a price ceiling of $109 per megawatt hour for Brazils first auction aimed exclusively at solar energy projects scheduled to take place on December 20.
The Chinese solar company follows in the footsteps of Jinko Solar and Canadian Solar in returning to profit towards the end of 2013.
Stanford University and the German Federal Ministry for the Environment gathered together 20 top solar executives this summer for a one-day workshop to discuss how the solar industry might play out in the future. The results made for some interesting reading.
As Jordan aims for 600 MW of installed solar capacity by 2020, Yingli Solar are well positioned to improve on their 20% market share in the country.
The investment was announced on the same day the company also revealed details of an agreement with JX Nippon Oil & Energy Corporation to distribute its high efficiency PV modules in Japan.
The deal enables the former solar heavyweight to stay in business, with Shunfeng paying an agreed 30% of Suntech’s $1.75 billion debt to Chinese creditors.
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