PV module

There may be a much-vaunted ‘solar renaissance’ in the offing for Europe, but it hasn’t come quickly enough for the Swiss PV equipment supplier, which wants to handle most of its sales and services from China.

The Chinese module manufacturer will supply its panels for a huge solar project under development in the Dnipropetrovsk region, in southeastern Ukraine.

At US$518.4 million, the quarterly turnover of the South Korean-German manufacturer was down 10.3% year-on-year, while its net result swung from a profit of $18.7 million in the second quarter of 2017, to a loss of $41.3 million in the latest quarter. Despite this, the outlook for full fiscal 2018 remains unchanged.

At a creditors’ meeting, important decisions have been made regarding the future of the ailing German solar module manufacturer. The creditors have decided to discontinue the loss-making business at the end of September, providing no investor can be found by then.

The company resumed production at its manufacturing facility in western Turkey. Additional equipment, aimed at making production vertically integrated, was recently acquired from two Greek manufacturers

The Algerian manufacturer will distribute its modules mainly to the Algerian market, but also in other African countries, including Senegal, Ivory Coast and Benin.

Roughly seven months after its new beginning, the German solar PV manufacturer has again filed for insolvency at the District Court of Bonn – the second time in one year. SolarWorld blames the planned phasing out of anti-dumping measures by the EU Commission against Chinese competition and the further drop in prices.

Shareholders have agreed to the proposed merger of JA Solar Holdings Co., Ltd with JASO Holdings and its wholly owned units, JASO Parent and JASO Acquisition, thus taking the manufacturer one step closer to privatization.

Turkey recorded its best year to date for levels of solar PV installations, adding 1.79 GW of capacity in 2017. On the back of this, pv magazine takes a look at the most active players in the Turkish PV module market.

As a first phase, Topaz Solar Private Limited has said it will set up a 500 MW solar PV module manufacturing facility in India’s northeastern state of Odisha. Production begin is aimed for 2019. It will seek to increase this capacity by another 700 MW, and add 500 MW of cell manufacturing under a second phase.