Hanwha confirms Q.Cells interest
A spokesperson for Hanwha has officially confirmed the companys interest in the insolvent Q.Cells. An offer from the Korean company is expected this week.
$65 million secured for small-scale solar in SE Asia
The Armstrong South East Asia Clean Energy Fund, said to be the first of its kind in the region, has secured US$65 million in its first funding round. Overall, it aims to raise $150 million for small-scale power generation, including solar, in South East Asia. It is believed the region will become a “highly attractive” small-scale project market.
Canadian Solar secures $93 million CBD loan agreement
Chinese-Canadian photovoltaic module manufacturer, Canadian Solar Inc. has signed a loan agreement with the China Development Bank (CDB) worth CA$93 million.
Hanwha SolarOne unveils 1 GW North American PV pipeline
Koreas Hanwha SolarOne Co. Ltd is continuing with its downstream expansion strategy. Amid rumors the Hanwha Group is gearing up to take over Germany-based Q.Cells, the company has launched Hanwha SolarEnergy America (HSEA) in North America.
Third class action lawsuit launched against Suntech
A third class action lawsuit has been launched against Suntech on the back of the news that German government bonds received in 2010, totaling 560 million, may be fictitious.
MiaSolé seeks backers following layoffs and reorganization
U.S.-based copper indium gallium selenide (CIGS) thin film photovoltaic module manufacturer, MiaSolé has announced the scaling-back of its manufacturing operations. Media reports put the jobs losses at around 200.
China: Utility-dominant PV landscape changing
According to the latest research, the Chinese photovoltaics industry is shifting to a more decentralized model, following a “sharp” increase in non-residential building-mount applications, and a rise in non-utility commercial projects. Furthermore, it is believed the market is becoming more open to overseas companies.
Hanwha SolarOne talks North American strategies
At this years Intersolar North America, pv magazine caught up with Hanwha SolarOne to discover what its plans for the North American photovoltaic market are.
SunPower sees falling profits; lowers FY guidance
SunPower Corp. has seen profits sequentially falling in the second quarter (Q2) of 2012, despite having exceeded the lower end of its revenue and gross margin guidance. In terms of markets, Europe continues to be challenging, but the company has made advancements in North America. For the full year, it has slightly lowered revenue and gross margin guidance.
US to fast track 1.5 GW of solar projects
Under President Obamas “We cant wait initiative”, the federal permit and review processes are to be accelerated for seven solar and wind projects. Of these, five comprise solar projects worth a total of 1,550 MW.
