New Csun solar manufacturing facility in Turkey opens door for maker
Jun 17, 10:24
China-based solar firm China Sunergy (Csun) announced the opening of its new solar product manufacturing facility in Turkey at the end of May. This announcement came days before the announcement regarding anti-dumping tariffs of 11.8% on China-made solar products made by the European Commission (EC)...
LDK reports falling 1Q13 revenues
Jun 13, 15:41
LDK Solar, a China-based solar firm reported its unaudited financial results for the first quarter ended March 31, 2013.
Solargiga strengthens cooperation with Sharp
Jun 11, 16:47
China-based mono-crystalline solar wafer firm Solargiga Energy Holdings recently announced a new business cooperation with Japan-based Sharp Corporation, in which the latter will purchase 370MW of solar modules from Solargiga in the fiscal year of 2013.
Delta to deal out 2012 cash dividend of NT$5.3
Jun 10, 11:25
Taiwan-based green energy firm Delta Electronics held a shareholders meeting on June 7, 2013, during which it decided to deal out 2012 cash dividend of NT$5.3 (US$0.18) per share.
Yingli Solar comments on Europe preliminary anti-dumping duties
Jun 6, 20:48
Yingli Green Energy (Yingli Solar), a China-based solar firm, has commented on the imposition of preliminary anti-dumping duties by the European Commission (EC) targeting solar products originating in China as well as those shipped from China. As of June 6, Yingli Solar's products will be subject to...
Neo Solar Power sees May revenues grow 8% sequentially
Jun 5, 19:28
Solar cell maker Neo Solar Power (NSP) has announced May consolidated revenues of NT$1.114 billion (US$37 million), representing an on-month growth of 8.92% compared to NT$1.023 billion in April, and an on-year decrease of 16.75% compared to NT$1.338 billion in May 2012.
NSP, DelSolar complete merger
May 31, 15:01
Taiwan-based solar cell maker Neo Solar Power (NSP) has announced its merger with DelSolar, the solar subsidiary of Delta Electronics, was completed on May 31, 2013. NSP is the surviving company.
Hanwha SolarOne sees 1Q13 revenues increase 33% sequentially
May 31, 13:58
China-based solar module maker Hanwha SolarOne saw first-quarter 2013 consolidated revenues show a 33.3% sequential growth to CNY1.1129 billion (US$181 million). First-quarter 2013 revenues also showed an on-year increase of 38.4% compared to CNY803.9 million in first-quarter 2012.
Strong reaction from China, EU members over solar trade row
May 28, 11:13
Europe may levy anti-dumping tariffs on China-made solar products. This will increase the prices of China-made solar products in Europe. To retaliate, China will likely impose tariffs on Europe-based polysilicon through its on-going anti-dumping investigation into US-, South Korea-, and Europe-based...
ABB to produce PV inverters in South Africa
May 24, 12:39
ABB, a Switzerland-based power and automation technology group, plans to start production of central PV inverters in South Africa to support the rapidly growing local solar market and local content requirements.
Digitimes Research: US new solar installations may only reach 3.5GW in 2013
May 24, 10:37
The US has rich natural resources and states in the southwest region have sufficient sunshine with an annual average of over 2,200 hours. Western states in the US have been introducing large-size solar projects, helping new installations in 2012 to reach 3.3GW, an on-year growth of 78.6%. However,...
Solar cell prices may increase to US$0.43/W in Taiwan
May 23, 21:42
Since the beginning of the second quarter, prices of solar wafers and cells in Taiwan have been increasing due to expectations that Europe may levy anti-dumping and anti-subsidy tariffs on China-based peers. Currently, prices of solar cells have returned to US$0.41/W. Industry sources disclosed that...
Solar industry capex hits 7-year low in 2013, says IHS
May 22, 10:44
Although global capital spending this year in the solar supply chain is expected to fall to its lowest level since 2006, indications signal that the downturn in investment has hit bottom and that purchases of equipment may soon rebound.
Digitimes Research: Europe solar trade tariffs may slow down market growth
May 20, 11:11
The European Union (EU) plans to announce the details of its anti-subsidy tariff against China-based solar firms on June 6, 2013. The tariff is expected to be 30-67.9% with the average as high as 47.6%. The anti-dumping tariff rate will be announced in August. Both tariff rates will be finalized at...
SunPower announces fiscal 2013 financial guidance
May 16, 14:20
US-based solar firm SunPower has provided financial guidance for second-quarter and fiscal year 2013. The firm stated that second-quarter 2013 revenues are likely to be between US$550-600 million, gross margin between 14-16 %, and megawatts (MW) recognized in the range of 260-280MW.
Suntech agrees on new forbearance agreement with converible note holders
May 16, 11:32
China-based solar firm Suntech Power Holdings has announced that it has agreed on a new forbearance agreement with the majority of the holders of the firm's 3% convertible notes, for which a principal payment of US$541 million was due on March 15, 2013. The firm noted that under the new forbearance...
MEMC reports 1Q13 net sales down 26% sequentially
May 13, 13:54
US-based polysilicon maker MEMC has reported first-quarter 2013 financial results with net sales of US$443.6 million, down 26% on quarter and 15% on year. The firm reported first-quarter gross margin of 11.2%, lower than 18% in the fourth quarter of 2012 but higher than 9.6% in the first quarter of...
European Commission proposes high solar tariff against China firms
May 10, 15:09
The trade war in the solar market does not seem to be stopping. Following the anti-dumping and anti-subsidy tariff levied on China-based firms from the US, the EU is likely to follow suit with a tariff rate above 30%. If this tariff comes into effect in June, Taiwan-based solar firms are likely to...
SAS expects solar business to breakeven in 2Q13
May 10, 10:36
Taiwan-based solar wafer maker Sino-American Silicon (SAS) expects its solar business to reach breakeven and may obtain profits in the second quarter as market conditions have been improving.
Solar wafer production forecast to grow 19% in 2013, says Solarbuzz
May 9, 20:38
After falling 15% in 2012, solar wafer production is forecast to grow 19% in 2013, passing 30GW and recovering to 2011 levels, according to Solarbuzz. However, industry utilization is expected to remain below 60%, and while prices have stopped falling, no significant increases are expected, so profitability...
Giga Solar front silver paste shipments reach 2 tons in 1Q13
May 8, 21:50
Taiwan-based solar conductive paste maker Giga Solar has reported front silver conductive paste shipments in the first quarter reached 2.4 tons. Including shipments of back silver conductive paste, silver conductive paste sales have accounted for 65% of total sales. In the second quarter, Taiwan-based...
Motech optimistic about 2Q13 performance
May 8, 21:01
Due to rising capacity utilization rates and rising solar cell prices in the first quarter of 2013, Taiwan-based solar cell maker Motech saw gross margin rise to negative 8% from negative 15.7% in the fourth quarter of 2012.
Motech, Giga Solar report 1Q13 financial results
May 8, 18:49
Solar cell maker Motech reported first-quarter 2013 consolidated revenues of NT$3.667 billion (US$124 million), representing an on-quarter increase of 11% but an on-year decrease of 6%. Gross margin in the first quarter was negative 8% compared to negative 15.7% in the fourth quarter of 2012. Net loss...
SAS to acquire full stake in Sino Solar
May 8, 12:22
Solar wafer maker Sino-American Silicon Products (SAS) on May 7 announced a merger with Sino Solar, its joint venture which makes crystalline silicon solar cells, through the acquisition of a 58.12% stake at NT$7.05 per share for NT$810 million (US$27.36 million) in total to increase its stake ratio...
Neo Solar, DelSolar merger to complete on May 31
May 7, 12:58
The merger of Taiwan-based solar cell makers Neo Solar Power (NSP) and DelSolar, a solar subsidiary of Delta Electronics, will be completed on May 31, 2013, said Quincy Lin, chairman and CSO of NSP. Lin added that the merger occurred at a good timing as the market has been rebounding since the beginning...
First Solar reports 1Q13 net profits
May 7, 12:06
US-based thin-film solar firm First Solar reported first-quarter 2013 net sales of US$755 million, lower than the US$1.1 billion reported in the fourth quarter of 2012 but higher than the US$497 million reported in the first quarter of 2012. The firm reported first-quarter 2013 net profits of US$59...
OCI cancels polysilicon supply contracts with Suntech
Apr 30, 10:39
South Korea-based solar material provider OCI has terminated two supply contracts with China-based Wuxi Suntech Power and one supply contract with Suntech International. OCI noted that the contract termination was based on Wuxi Suntech's insolvency and restructuring plan disclosed on March 20, 2013...
Commentary: Foxconn can focus on solar end market applications
Apr 22, 16:19
Terry Guo, chairman of Foxconn Electronics (Hon Hai Precision Industry), has mentioned that the firm wants to produce different kinds of solar products. Market observers believe Foxconn has strength in manufacturing, hence should focus on solar applications for the end market.
LDK reports negative 4Q12 gross margin
Apr 19, 15:23
China-based vertically integrated solar firm, LDK Solar, reported fourth-quarter net sales of US$135.9 million, a relatively low figure compared to US$291.5 million reported in the third quarter of 2012 and US$420.2 million in the fourth quarter of 2011. The firm shipped 184.7MW of solar wafers, and...