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Modules & Upstream Manufacturing

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.

Amtech sees turnover and profits climb in Q2 of fiscal 2017

The U.S. supplier of automation systems for the PV industry said its performance in the quarter was its best results since its solar business unit peaked in the third and fourth fiscal quarters of 2011.

Manz’s Ebit swings to profit thanks to sale of CIGS technology company

Turnover for the first half of this year was slightly down from the previous year. Large order intakes from China, however, will lead to a substantial improvement of the company’s result for full fiscal year.

Profits rise again for Hanwha Q Cells in second quarter

With revenue and gross profit up on Q1, the South Korean vertically integrated solar company continues strengthening its financial position, reducing its debt-to-equity ratio by 80%.

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Heraeus launches appeal against Taiwanese IP court decision

German silver paste manufacturer Heraeus announced that it has appealed the decision of Taiwanese regional intellectual property (IP) court, following its July 7th decision that Giga Solar does not infringe on its patent.

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.

Solarworld’s insolvency administrator reaches agreement with investor

Solarworld Industries GmbH, for which the former CEO Frank Asbeck has been registered as managing director, wants to continue most of the cell and module production at its German facilities. The meeting of creditors must approve the agreement on Friday. The investors also take over the shares in foreign companies, but not in the US subsidiary of the German photovoltaic manufacturer.

Xinyi Solar posts $160.5 million profit in H1

Chinese PV developer and EPC specialist Xinyi Solar recorded a net profit of HK$1,254.9 million ($160.5 million) in the first half of 2017, up 12.5% from the preceding year, as its downstream unit’s cumulative installed capacity passed the 1 GW mark.

India’s Heavy Engineering enters solar module production

The Indian industrial conglomerate is currently planning to build a 150 MW vertically integrated PV panel manufacturing facility.

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Netherlands’ Prisma Systems offers to acquire SolarWorld

The Ducth solar company has confirmed to pv magazine that it has sent a takeover proposal to SolarWorld’s insolvency administrator last week.

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