U.S. production equipment supplier GT Advanced Technologies reports that it is currently assessing whether production equipment housed in an Arizona factory at which a fire broke out last week has been damaged. The fire was on the factory roof and “in the area of a solar array,” said GT.
Chinas Suntech has signed a deal to sign a 63 MW in projects in Thailand. Gunkul Engineering is developing the projects to be grid connected by the end of the year.
The European Commission (EC) has initiated an investigation into solar imports into the EU to products exported by Chinese suppliers, from Malaysia and Taiwan. The investigation was requested by SolarWorld, in an application submitted on April 15.
Reuters is reporting that Hong Kongs Securities and Futures Commission (SFC) has confirmed that it is currently carrying out an investigation into Hanergy Thin Film. Reuters received an email statement in which the regulator confirmed: a formal investigation into the affairs of Hanergy Thin Film Power Group has been active and is continuing.
Hanergy Thin Film Power has seen 47% wiped off its share price, after the company chairman and major shareholder Li Hejun did not attend the company’s AGM. The Financial Times reports that trading on Hanergy TF shares was halted after having fallen from HK$7.32/share (US$0.94) to HK$3.91 ($0.50).
Yinglis SEC filing on late Friday that its substantial indebtedness is threatening its financial position surprised few, but its candor certainly augurs badly for the solar giant. GTM Research’s Jade Jones spoke to pv magazine about how Yinglis strategy execution has been strong, however its debt needs to be urgently addressed.
Stock analyst Deutsche Bank has produced an investment note in which it has expressed a bullish outlook for solar. Deutsche notes that yieldcos in both established and emerging solar markets are proving to be a major driver of growth the solar sector.
Tracker application is growing fast, with IHS finding that 4 GW of tracker installations were installed in 2014, representing growth of more than 60%. Array Technologies remains the market leader however it is losing market share.
Japanese thin film producer and project developer Solar Frontier has entered into agreement to supply and construct a 100 MW pipeline of projects in the UK. Construction on the first project will take place in Q3 2015.
The small commercial rooftop market in Australia could be set to get a short-term boost, under a provision targeted at small businesses in the federal budget handed down this week. The measure would allow businesses with annual revenues of under AUD$2 million (US$1.6 million) to immediately write off purchases up to AUD$20,000 (US$16,000) against their tax bill.
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