Becky Beetz
SiC Processing to unveil redevelopment plan
SiC Processing GmbH has announced it will develop a restructuring plan to ensure the companys liquidity in the coming weeks. Meanwhile, it has agreed with its major creditors to defer upcoming payments.
LDK Solar terminates wafer supply contract for $33.4 million
LDK Solar has agreed to terminate a long-term solar wafer supply contract with Japan-based Sumitomo Corporation. As a result, Sumitomo will pay LDK US$33.4 million.
China: LDK partners with coal producer; appoints new CEO
China-based LDK Solar has, according to reports, entered into a partnership with state-owned coal producer China Pingmei Shenma Group under which it will develop photovoltaic projects in Chinas Henan province. The company has also announced the appointement of a new CEO.
Solon establishes solar JV in Israel
Solon Energy GmbH has established a joint venture with Israel-based Elco. The new company already has two photovoltaic projects under construction, and is hoping to work on a further 200 MW in the country.
First Solar reduces 2012 net sales guidance; ups EPS forecast
First Solar Inc. has reported its Q3 financial results. By all accounts, the thin film photovoltaic manufacturer recorded a positive quarter, leading it to up its FY EPS guidance. Net sales guidance has been slightly lowered, however.
China launches EU polysilicon anti-dumping investigation
According to reports, Chinas Ministry of Commerce has launched an investigation into European imports of solar grade polysilicon.
Siemens will significantly scale PV inverter business back
A spokesperson has told pv magazine Siemens will “significantly” scale its inverter business back in 2013, due to the weakening demand for photovoltaic components. Meanwhile, the company has provided two reasons for its solar scale back.
EDF completes first phase of 143 MWp PV project
EDF Renewable Energy has completed the first phase of its 143 MWp photovoltaic project, located in Kern County, California. Situated next to the 140 MW Pacific Wind project, also executed by EDF, the two plants will become one of the largest hybrid projects in the U.S. when complete.
Panasonic responds to solar expansion scale back rumors
This week, Reuters reported that Panasonic may revise its plans to ramp photovoltaic module production up to 1.5 GW, due to weak market demand, particularly in Europe. A spokesperson has provided pv magazine with an update.
GTAT next solar company to announce job cuts
GT Advanced Technologies Inc. (GTAT) has announced it will reduce its global workforce by around 25%. The streamlining is expected to save the company around US$13 million annually. Both economic and trade related challenges were cited as reasons.
