The European Union has reportedly approved provisional duties, introduced in November last year, ranging from 17.1% to 42.1% on Chinese imports of solar glass for the next five years.
The Nanjing-based company shipped a total of 235.8 MW in the fourth quarter, beating forecasts. CEO Stephen Cai attributes the company’s improved performance on its operational flexibility, cost control efforts and entry into new markets.
Jiangsu Shunfeng will pay $483 million for Wuxi Suntech, which operates two production plants with annual production capacities of 1.6 GW for solar cells and 2.4 GW for solar modules.
The credit line will bankroll two PV projects with a combined capacity of 35 MW that have already gone online.
Positive financial year underlined by expansion into French market and revenue increase of Eur 57 million ($78.5 million).
Chinese manufacturer Solargiga has reported a slowing in its operating loss for 2013, suggesting that the company is bouncing back after a disastrous 2012.
Monthly stock report shows impressive uptick for the Arizona company, while SunPower continues to create a buzz.
Canadian Solar has won financing of CAD $50.5 million for its solar power plant in North Dundas in the Canadian province of Ontario.
Having warned last week that the Chinese solar company’s status was under review, the NYSE yesterday determined that LDK was no longer suitable for listing.
The Senate of the U.S. state voted unanimously 46-0 to boost state tax credits for solar PV installations.
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