China to wait on EU solar panel anti-dumping decision before announcing results of its own probe into polysilicon imports.
Swiss power and automation technologies giant ABB announced on April 22 the acquisition of inverter manufacturer U.S. Power-One. But shareholders of the American company are claiming that the US$1 billion sale price is too low. On Tuesday they filed a class action against ABB.
As the 2013 SNEC tradeshow closes its doors in Shanghai, uncertainty over the EU trade case and lack of cash flows remain major impediments to investment and innovation. New business opportunities in emerging markets are also seen as vital for manufacturers as SNEC proves to be a meeting point for the Asian-Pacific PV industry.
Germanys Gehrlicher Solar AG has received 85 million in financing for another two years from an international group of banks led by BayernLB.
Japans corporate giants are establishing major new solar projects in the country, with 636 MW planned by 2015. Japan Asia Group, Nippon Paper, Toyota and Mitsubishi are among the active players in the countrys booming solar market.
Germanys SMA Solar Technology reported a 47.6% drop in sales to 212.3 million in the first three months of the year as the company struggled with subsidy cuts in major markets, the still unresolved debt crisis and the possibility of punitive duties on Chinese modules in Europe.
Symbior Energy aims to install 190 MW of photovoltaics in rural Thailand by 2014. A spokesperson for Armstrong additionally reveals more details of Symbiors 30 MW partnership with Armstrong Asset Management.
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.
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.
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