The second day of the SNEC tradeshow drew to a close today in Shanghai with challenges of the Chinese photovoltaic market and its changing nature becoming clear. A foggy day greeted attendees and the opaque nature of the Chinese downstream market was evident.
Hanergy has acquired U.K. solar installation firm Engensa for an undisclosed sum. The China-based thin film photovoltaic cell and module manufacturer is looking to expand its presence in the countrys residential solar market.
A total of 1,000 jobs are reportedly at risk at the German inverter manufacturer. SMA has not confirmed concrete figures, but it confessed that the board is evaluating such urgently needed measures.
The Swiss company which today announced the development of colored solar panels says its products suffer only a ‘negligible’ loss of efficiency compared to traditional photovoltaics.
SunPower has issued guidance for the FY and Q2 2013. Overall, it expects a slight increase in revenue and gross margin compared to 2012, and increased photovoltaic production. It additionally issued details of its global power plant pipeline, which is said to total over six GW.
Suntech Power Holdings Co., Ltd. announced on Wednesday that it had agreed on a new forbearance deal with the majority of holders of its convertible notes.
Power company Constellation expects to complete a 2.6 MW solar installation at fiberglass manufacturer Owens Cornings Delmar, New York factory, by the end of the year.
The European Commissions plan to slap Chinese PV modules with punitive anti-dumping duties could lead to a 45% surge in the average pricing for Chinese-manufactured products, result in yield reductions on some solar projects to below 7% and cost Europe some 2 GW of new solar installations, according to a report by market research group IHS.
The EU anti-dumping Committee today met in Brussels to discuss the EU Commission’s plans to impose average provisional AD duties of 47% on Chinese PV imports on June 6, among other trade cases. The outcome of the consultation session was not revealed. Meanwhile, Germany has called for a “conciliatory solution.”
Asian, American and European solar energy representatives met at the “Solar Leaders Dialogue”, within the framework of SNEC 2013 tradeshow and conference in Shanghai, to discuss the industry’s current challenges, trends and prospects. The panel was dominated by the EU Commission’s plans to impose provisional AD duties on Chinese imports.
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