ET Solar Inc. files for bankruptcy
A U.S. module sales subsidiary of the Chinese PV module maker and developer has quietly filed for bankruptcy. Details are sparse, but the parent company’s U.S. project development and construction subsidiary has not been affected.
Canadian Solar privatization offer prompts stock surge, possible industry trend
Solar stocks surged yesterday after Canadian Solar announced it had received a “going private” proposal, reports Zacks. Analysts at Guggenheim, meanwhile, say the offer will be given “serious consideration.” They believe other companies may follow suit, if accepted.
China’s Three Gorges connects part of 150 MW floating solar plant
The first phase of the world’s largest floating solar array has been connected to the grid in China’s Anhui Province, according to developer Three Gorges New Energy Company.
Canadian Solar next Chinese company to consider privatization
Canadian Solar Inc. has received a “going private” proposal from chairman, president and CEO, Dr. Shawn Qu, under which he offers US$18.47 per common share. The move follows that of Trina and JA Solar.
Meyer Burger announces at least 100 jobs will go at Thun
Following a consultation process with employees, Meyer Burger has announced 100 jobs will definitely go as part of the closure of its Swiss manufacturing site. Another 60 positions are dependent on strategic alternatives being found.
Longi claims 82.15% bifaciality record for its PERC solar cell
After announcing a record 22.71% conversion efficiency with its monocrystalline passivated emitter rear contact (PERC) solar cells in October, the Chinese solar manufacturer now claims it has achieved an 82.15% record bifaciality for the bifacial version of the same cell.
JinkoSolar eyes tech progress as firm cements module leadership position for Q3
Tier-1 Chinese solar company trains sights on greater cost optimization and higher efficiencies with half-cell and bifacial technologies as it assesses capacity expansions for 2018 following a strong Q3 that saw the firm retain its shipment leadership position.
Huajun Holdings reports 29% revenue drop in its solar business
The Chinese group, which operates in the solar sector through its unit Huajun Ectricpower Limited, saw its solar segment achieve a turnover of RMB 545.7 million (US$82.4 million) in the first half of fiscal 2017.
Comtec cancels wafer supply agreement with Mission Solar
The Chinese solar company has terminated the agreement to supply wafers to the U.S. producer after repeated failures by Mission Solar to purchase the required quantities of wafers outlined in the contract.
BNEF summit: Low solar prices spreading spending doubt among Tier-1 firms
Trina Solar may scrap planned Indian PV fab amid tumbling prices driven by solar auctions, reports Bloomberg New Energy Finance during its Shanghai summit. Demand for lithium, meanwhile, poised to reach record high on back of expected EV growth.
