The Shanghai-based solar cell maker has said it may not meet a $14.6 million interest payment in what would be the first onshore default for China’s PV industry.
Module shipments were down as business in Germany suffered, but increases in U.S., Japan and South Africa lift gloom.
The Chinese solar company estimates that shipments increased by approximately 13% in the fourth quarter of last compared to Q3.
Decreases in revenue, margin and shipments between Q3 and Q4 fail to deflate a strong 12 months for the solar giant.
As METI reveals the country installed record levels of PV capacity last year, speculation grows of an impending cut in Japan’s FIT.
The solar company shipped 1.9 GW of solar products last year, enjoying a strong final quarter that generated a gross margin of 24.7%.
Some of the largest solar companies in the U.S. post positive perfomances on the markets as 2014 cranks into gear.
Having missed bond repayments last year, the solar wafer company will pursue liquidation proceedings on all offshore debt.
Photon’s new financial vehicle is designed to offer EU solar power investors the strongest possible investment protection.
Chinese provinces have until April 2 to put forward solar PV projects for consideration for financing from China Development Bank Corp.
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