The company has reported declining revenues and increasing losses in its first-quarter update. A plan to reduce polysilicon production will begin in a week’s time and if access to the Chinese market is not restored, a complete shutdown could be in place by the end of June.
Scatec Solar continued to grow in the first quarter of the year, with a global pipeline of 4 GW and more capacity under construction than in operation. The company expanded slightly less than it did in the preceding quarter, but EBITDA and revenue still grew threefold year on year.
The polysilicon maker said it will use the funds to improve its liquidity situation until access to the Chinese polysilicon market is restored. It sold 254,381,870 shares, which corresponds to approximately 9.9% of its oustanding capital.
The world’s largest sovereign wealth fund will invest in non-listed infrastructure, with the government stressing such commitments will not be a climate policy measure but an investment strategy. The fund had already announced an intent to gradually divest holdings in oil and gas companies and related projects.
With competition on the module market as cutthroat as ever, manufacturers are increasingly looking to emphasize the quality and reliability of their products and services as a differentiator. pv magazine investigates what’s behind some of these claims, and the move from manufacturers to more sophisticated quality assurance methods.
REC Group has begun production of its residential N-Peak Black series, reaching up to 325 watts. Concurrently, Trina Solar has released four new modules within its Tallmax, Duomax, Duomax Twin and Honey series — some of which reach up to 415 watts.
The Energy Storage Europe conference is nearing and pv magazine is featuring the top ten developments in the field as our Energy Storage Highlights, selected by an independent jury of experts. Having kicked off with a hydrogen fuel cell based approach to self-sufficient living in Switzerland, we continue our ranking with DNV GL’s bid to map the vast battery storage landscape, helping buyers make decisions.
The Norwegian renewable energy company cited rising prices, cost reduction plans and lucrative transactions as the main reason for its positive update. The average Nordic energy price in the quarter was €47.7/MWh, an increase of 56% from the same period a year earlier.
Norway-headquartered REC Silicon has revealed plans to halt operations at its Moses Lake facility in the U.S. in 17 days’ time. The company says it has taken the decision to maintain liquidity for its semiconductor business with American workers set to pay the price for President Trump’s trade war with China.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.