Solar money is all flowing downstream – in the West at least
Mercom Capital’s latest report on financial activity in the solar sector illustrates an increasing flow of capital towards downstream companies and PV projects – as well as a split between China and the rest of the world.
Midsummer picks up $7 million order for new CIGS factory in China
Sweden based CIGS equipment supplier Midsummer has received an order worth more than $7 million for its production equipment. The order was placed by U.S. based manufacturer Sunflare, for a new factory under construction in China.
First Solar sees a doubling coming in 2019
The thin film PV maker projects 5.4 to 5.6 GW of module shipments next year, more than double its current projected 2018 volumes of 2.6 to 2.7 GW.
German equipment suppliers report ‘strong’ bookings for cell, thin film segments
In its Q3 2018 report, VDMA finds that German PV equipment providers are continuing to enjoy much improved fortunes compared to the previous year. Solar cell and thin film equipment suppliers account for the vast majority of bookings.
SCI Engineered Materials prompts record revenues amidst high thin film demand
EBITDA for the third quarter of 2018 increased 146%, revenue is also performing well, with the company expecting 40% increase throughout the second half of 2018, and the company reports that its gross profit has increased by 64% compared to 2017. Citing significant order increase for solar thin film products the materials suppliers touts strong three quarters of 2018.
First Solar’s big format brings big bookings
The PV maker’s quarterly results show not only the ramping of its Series 6 production at a third location, but also bookings that continuing to climb, with 11.3 GW of modules now under contract.
Teamtechnik receives stringer order from Russia’s Hevel
For the production of its heterojunction modules, the Russian manufacturer will cooperate with the German PV engineering provider for the supply of stringers and adhesive technology. To this end, Hevel has ordered new stringer systems and layup from Teamtechnik.
VDMA: thin-film revives business of German PV equipment suppliers
Photovoltaic manufacturers across the world are currently investing mainly in thin-film production plants. The German PV equipment providers benefit greatly from this new trend.
Sweden’s Midsummer receives $3.3 million CIGS equipment order, announces expansion
Turnkey PV equipment supplier, Midsummer has received a repeat order from an unidentified Asian customer for its thin film cell production equipment. On the back of strong demand, it adds that expansion is on the cards.
Hanergy is back on the expansion trail with plans for Brazil fab
The thin-film specialist has met representatives of the municipality of Uberaba, in the west of the state of Minas Gerais, to discuss project details. Planned investment may reach $1 billion as the Chinese manufacturer, like its peers, targets overseas markets.
