Becky Beetz
Canadian Solar reveals financing details for 200 MW Tranquillity solar project
Canadian Solar Inc. subsidiary, Recurrent Energy, has secured US$337 million in financing for its 200 MW Tranquillity solar PV project, located in Fresno County, California.
Southern Power acquires majority stake in 200 MW California PV project
Southern Power has signed an agreement with Canadian Solar subsidiary, Recurrent Energy to acquire a 51% stake in the 200 MW Tranquillity Solar Power Project, which is set to be completed in Q4 2016.
Polysilicon dumping in China forces GCL to change strategy
On the back of the dumping of “enormous” amounts of polysilicon into China, GCL-Poly was “forced” to decrease shipments and instead focus on ramping up production. Despite the tough conditions, the company has reported relatively stable 1H earnings.
Manz wins EUR 12 million Li-ion battery order
Manz AG has won an order from a U.S. customer for a lithium-ion (Li-ion) battery production line worth EUR 12 million. This year to date, the German equipment manufacturer has secured orders totaling EUR 100 million.
Comtec sees strong demand for monocrystalline, despite huge net loss
Comtec Solar Systems Group Limited has seen its net loss for 1H 2015 plummet, despite increasing revenues. It is confident, however, the market for its monocrystalline wafers is strong.
Shunfeng records 66% 1H profit decline
Shunfeng International Clean Energy Limited has seen net profits dive almost 65% in 1H 2015, caused partly by decreased ASPs and increased operating expenses. Current liabilities also exceed assets by around US$439 million.
Hanergy to cut 2,000 jobs under restructuring plan, posts 90% net loss
Hanergy has said it intends to cut 2,000 jobs under a restructuring plan, which also includes the introduction of five new business groups. Overall, Hanergy has seen its net earnings plummet over 90% in 1H 2015.
Silfab plans 50 new jobs, bifacial module launch
Canada’s Silfab Solar is planning to add 50 new jobs in 2016, thus taking the total of new employees between 2015-16 to 80. It also expects to release a new bifacial module by the end of this year.
Correction: 485 MW Blythe Mesa PV plant step closer to reality
The U.S. Bureau of Land Management (BLM) has approved the 485 MW Blythe Mesa Solar project in California, the U.S. pv magazine mistakenly wrote on September 25, that the project originally belonged to NextEra Energy.
CIGS world-record holder, TSMC exits solar industry
Taiwan-based TSMC has announced it will exit the thin film industry, ceasing manufacturing activities at the end of August, due to the fact its “solar business is no longer economically sustainable.” All product warranties will be honored said the company, and all workers will receive employment offers.
