The Japanese module maker has set a new record for CIS thin film cell efficiency. The company, with Japan’s New Energy and Industrial Technology Development Organization, achieved 23.35% conversion on a cell measuring 1 cm². The record was confirmed by the Japanese National Institute of Advanced Industrial Science and Technology.
With a $3bn debt pile, gearing of 73.1% and $127m due for repayment in around three months’ time, the directors of the former United PV Group want shareholders to dilute their investment by issuing shares worth more than 40% of an enlarged company, with a chunk of the proceeds coming from public funds.
The world’s biggest solar market reached a cumulative installed PV capacity of 174.63 GW at the end of last year.
The South Korean PV manufacturer has finalized its plan to merge with Hanwha Solar. The company will no longer be listed on the Nasdaq stock exchange and will continue as a wholly owned subsidiary of Hanwha Chemicals.
Through three tenders, Nepal’s Alternative Energy Promotion Center is increasing efforts to bring power to rural communities, and to increase the share of renewables in a nation still dominated by hydropower.
The procurement will be worth an estimated $2.25 billion, and will stipulate the use of 1.2 GW of Indian-made equipment. The power generated will replace 4 GW of coal-fired electricity consumption used by the railways.
Backing from the Asian Development Bank will help a 50 MW project get off the ground – and onto the water – in Chittagong, and a developer has been lined up to install solar on a stretch of the Padma river.
The Taiwanese market research company has published its latest price trend data for PV modules, cells, wafers and silicon. Across the value chain, rising demand is causing stockpiles to dwindle and utilization rates to rise. Prices are rising in China as well as for high-efficiency products. Module prices have stabilized.
Central subsidies may have been cut back but the domestic market rebounded quickly and overseas shipments soared on the back of rising production volumes and ever cheaper module prices.
German concern Kaco has sold its central inverter business. The German manufacturer hopes to focus on its string inverter and energy storage branches while the South Korean buyer hopes the newly acquired knowhow can improve the energy efficiency of its large-scale PV parks.
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