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Friday 16 March 2012
April orders unaffected by Germany FIT cuts, says Solartech chairman
Kong-Hsin Liu, chairman of Taiwan-based solar cell maker Solartech, has indicated that first-quarter 2012 performance will be better than fourth-quarter 2011. In addition, Liu noted...
Thursday 9 February 2012
REC sees 4Q11 revenues down 5% on-quarter
Renewable Energy Corporation ASA (REC) has reported fourth-quarter 2011 revenues of NOK2,865 million (US$499 million).
Thursday 5 January 2012
REC makes further adjustments to wafer capacity in Norway
To reduce its exposure towards a continued weak spot market for wafers, Renewable Energy Corporation ASA (REC) has decided to initiate a process with the trade unions, with the intention...
Wednesday 7 December 2011
Digitimes Research: Solar firms facing concerns over the ability to repay loans
Since the second half of 2011, many solar firms have been suffering losses and possible bankruptcies. US-based Solyndra, Spectrawatt and Evergreen Solar all declared bankruptcy. Many...
Wednesday 30 November 2011
REC cuts wafer production in Norway
On the basis of further weakening of the solar market, Renewable Energy Corporation ASA (REC) has decided to initiate a process with the trade unions, with the intention to temporary...
Thursday 27 October 2011
REC third quarter revenues down 12%
Norway-based Renewable Energy Corporation ASA (REC) has reported third-quarter 2011 revenues of NOK3,001 million (US$546 million) and EBITDA of NOK370 million. The operating result...
Monday 17 October 2011
Europe debt crisis causing shortage of bank loans for solar firms
After a string of bankruptcies declared by US-based solar firms, many Europe-based solar firms have been feeling pressure due to the Europe debt crisis, according to market waters...
Friday 7 October 2011
Power outage in REC US polysilicon plant
REC Silicon has experienced a power supply outage with a 100% power loss and consequently all of REC Silicon's manufacturing facilities in Moses Lake, Washington, were shut down on...
Thursday 29 September 2011
REC to assess permanent closedown of parts of production capacity in Norway
The Board of Directors of Renewable Energy Corporation ASA (REC) has resolved to initiate a process, including formal deliberations with the employee representatives to assess permanent...
Wednesday 24 August 2011
Price drops for polysilicon likely to push solar industry closer to grid parity
The major solar markets such as Germany, Italy and Spain have been decreasing solar incentives in recent years causing demand to dwindle. The low demand has caused prices of solar...
Wednesday 17 August 2011
Fierce competition in solar market adding financial pressure on solar firms
The rise of China-based solar firms has been depressing the price of solar products due to competitive cost-reductions. Many Europe- and US-based solar firms have been facing problems...
Thursday 21 July 2011
BeyondPV stops trading on Taiwan stock market
Thin-film PV module maker BeyondPV has announced that its stock is now no longer traded on Taiwan's Emerging Stock Board (ESB).
Friday 24 June 2011
Polysilicon suppliers face dilemma over price drops
Quotes for polysilicon have been facing downward pressure and are likely to drop below US$50/kg.
Wednesday 22 June 2011
Solar wafer firms hope for decrease in polysilicon price
The contract price of polysilicon for July 2011 has not yet been finalized between many polysilicon and wafer firms. Solar material providers have been rigid about keeping the price...
Friday 17 June 2011
China-based GCL-Poly brings pressure for price cuts on international poly-Si makers
China-based GCL-Poly Energy Holdings has extended production from poly-Si material to solar wafers and has lowered quotes for 6-inch wafers to US$2.10, reflecting poly-Si costs of...