Enel begins construction on 127 MW of PV in Spain
Construction has begun on three solar plants in the Extremadura region, with a total capacity of 127 MW. The projects – expected to be in operation by the end of 2019 – were awarded to Enel in Spain’s third renewables auction, and involve a total investment of close to €100 million.
REC Silicon posts loss for second quarter running amid poly market slump
The Norwegian polysilicon producer posted an EBITDA loss of $6.1 million for the third quarter of 2018, as it continues to struggle with low demand and prices. Revenue for the company’s solar materials segment fell almost 70% on the previous quarter.
Motech sells factory in Tainan
The transaction is expected to provide the Taiwanese cell maker with around $31.7 million. The buyer is Wistron NeWeb Corporation, a Taiwanese manufacturer of wireless communication products.
Chinese market turbulence affects another slew of PV employees in Taiwan
TSEC is planning to cut a fifth of its workforce as it changes focus to produce higher-efficiency PERC cells, against a backdrop of more generic products swamping the market because of a slowdown in the world’s biggest market.
Meyer Burger to lay off 100 workers and relocate most of PV business to Asia
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.
Daqo aims to slash polysilicon price as it forges ahead with production expansion
Deal negotiated with local electric utility for cheaper energy and a comprehensive modernization program will enable the poly maker to drive down production costs even more aggressively as it bids for market share in a swollen marketplace.
Elon Musk to step down as Tesla chair
Under the terms of a settlement with the Securities and Exchange Commission (SEC), Musk will be ineligible to serve as chair for three years. The deal also involves a US$40 million penalty and structural changes at Tesla.
Manufacturers and research institutes form alliance in Europe
The European Solar Manufacturing Council has been launched at EU PVSEC in Brussels. Participating research institutes, mechanical engineers, material and PV manufacturers stress the importance of having big solar manufacturers in Europe.
‘Exciting but scary times’ – EU PVSEC gets under way in Brussels
The EU PVSEC conference and exhibition in Brussels began this morning with presentations from key figures in PV development, who celebrated the technology’s achievements so far and predicted even bigger things in the coming years. pv magazine‘s Mark Hutchins was on hand to hear all about it.
Recom to increase production capacity by 1 GW
The German module manufacturer is planning a further expansion of capacity in Europe. In France and Armenia, new production lines for solar cells and modules are planned to start this year.
