Daqo to expand polysilicon output in Western China
Daqo New Energy has secured approval from its board of directors to proceed with its so-called “Phase 3B expansion plan” for its polysilicon plants in Western China’s Xinjiang region.
ReneSola posts Q2 results, outlines restructuring plan
ReneSola has recorded a net loss of $31.5 million for the second quarter of 2017, from a loss of $23.2 million in the first three months of the year.
REC Silicon lays off 30 employees at US plant
Norway’s REC Silicon has announced that it will lay off around 30 employees at its polysilicon factory in Butte, in the U.S. state of Montana.
Panasonic to close US ingot factory and eliminate 92 jobs
In its announcement, the company cited “business conditions in [its] part of the solar industry” as the reason for the closure, making it the second Oregon solar company to announce a closure in the past month.
Korean Peninsula tensions having little impact on solar relations with China, says analyst
Despite reports suggesting China’s anger at South Korea’s deployment of anti-missile defense systems has aggravated a slump in Korean solar imports, analysis of import data shows this not to be the case.
GCL-Poly Energy H1 profit edges down to $181 million
GCL-Poly Energy’s profit attributable to owners of the company fell 13% year on year in the first half of 2017 to CNY 1.19 billion ($181.3 million), as declining wafer prices offset gains made by its PV project business.
ReneSola may sell PV production ops to regain NYSE compliance
ReneSola may sell off its indebted polysilicon, wafer and PV module production businesses to regain compliance with the listing standards of the New York Stock Exchange (NYSE).
Appeals court upholds SolarWorld’s $800 million debt to Hemlock
The ruling comes as the German solar manufacturer is restarting following an insolvency process, and Hemlock may have a hard time collecting.
GCL-Poly, Tianjin Zhonghuan reveal polysilicon tie-up
GCL-Poly Energy has signed a framework agreement with semiconductor manufacturer Tianjin Zhonghuan, under which the two sides will collaborate of the production of polysilicon and wafers, in addition to downstream PV project development.
Daqo’s net profit slides to $12.1 million in Q2
Daqo New Energy reported a net profit of about $12.1 million in the second quarter of 2017, down roughly 47% from the preceding three-month period, as the Chinese polysilicon producer’s revenue fell more than 9% to about $76 million.
