The German subsidiary of South Korea’s Hanwha Group is again partnering with Spanish companies Cobra and Gransolar as it seeks to expand its Latin American footprint.
While the U.S. company’s solar system sales remained unchanged, revenue from its leasing program nearly doubled last year. The company saw a 78 percent increase in megawatt deployed to 280 MW in 2013.
The Shanghai-headquartered solar company posted its first profit in 10 quarters as Chinese demand fuelled shipments.
The Singapore arm of Suntech Power Holdings Co., Ltd. has also had its equity interest in a core subsidiary frozen by Shanghai’s People’s Court as liquidators move in.
The PV group is working with German coating specialist DAW to develop organic PV construction elements that form part of buildings, which they describe as “the next step” in solar technology.
The amicable solution reached with the Chinese Ministry of Commerce ensures Wacker’s minimum import prices are based on market levels. MOFCOM will refrain from applying punitive tariffs.
After a three-year R&D program, the German solar company has finalized its new fab, which promises to reduce CIGS manufacturing costs by 10%.
Financial results released today reveal the solar company increased its shipments by 40.8% last year, cementing its place as the world’s leading module supplier.
Investors hit by a profit warning last month are given fresh cause for concern. Shunfeng has now pledged to reveal details of the acquisition on Friday.
The prime candidate to follow Chaori Solar into a Chinese default insists it will meet its obligations over a 2018 note. But brokerage has voiced concerns about Tianwei’s ability to roll over its bank loans.
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