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GCL has no record of performing due diligence on lender which walked away with $120m of its stock

An investigation into internal controls at the polysilicon maker found the company permitted deals to be signed off solely on paper in certain circumstances and also unearthed no evidence anyone had done their homework before handing over 865 million shares to secure a loan which, GCL says, never materialized in full.

Chinese PV Industry Brief: Government confirms plan to install 1.2 TW of renewables by 2030

Elsewhere, cell maker Aikosolar has announced two major wafer purchase agreements with manufacturers Shuangliang and Shangji, and Zhonghuan Semiconductor has reported solid financials for the third quarter.

Four winning bidders in India’s gigawatt-scale solar manufacturing tender

Jindal India Solar Energy, Shirdi Sai Electricals, Reliance New Energy Solar, and Adani Infrastructure will each have half of their planned 4 GW annual production of polysilicon-to-module output subsidized by public funds.

Longi achieves 25.82% efficiency for heterojunction solar cell

The result, confirmed by Germany’s Institute for Solar Energy Research Hamelin (ISFH), was achieved on a heterojunction solar cell based on an M6 wafer.

Korean researchers achieve 25.8% efficiency for single junction perovskite solar cell

The record efficiency was obtained thanks to an interlayer placed between the electron-transporting layer and the perovskite layer, which eliminated the need for passivation. The cell was also able to retain around 90% of its initial efficiency after 500 hours under standard illumination.

Ambient processed inorganic perovskite solar cells at 19.75% efficiency

Scientists in South Korea demonstrated a fabrication technique for perovskite solar cells relying entirely on room temperature, ambient conditions processes. Using an all-inorganic perovskite material, and a spray coated electron transport layer, cells fabricated by the group achieved a maximum efficiency of 19.75%.

China PV Industry Brief: Installations slow, deals continue despite rising prices

This week saw prices in the polysilicon segment, and further downstream, rise again, with no end in sign. National Energy Agency statistics show a slowdown in installations for the second consecutive month in September. Manufacturers, however, continue to purchase components and materials in the expectation that prices will rise even further.

Nexwafe closes financing round with €32 million

Innovative solar wafer company Nexwafe has closed its latest financing round with €32 million. The round was lead by the Indian group Reliance, which contributed €25 million to the round. The Freiburg-based wafer manufacturer intends to use the funds to drive forward the production and commercialization of its kerfless PV wafers.

Will China’s ‘double carbon’ and ‘dual control’ policies drive demand for solar?

Factories suffering from rationed grid electricity could help drive a boom in on-site solar systems, and recent moves to mandate the retrofitting of PV on existing buildings could also lift the market, as analyst Frank Haugwitz explains.

Bangladesh issues EPC tender for 60 MW PV project

Bangladesh has floated an international tender seeking engineering, procurement, construction and commissioning services for a 60-MW solar power plant in north-western Pabna district.

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