Rosy earnings from Chinese solar panel maker Yingli Green Energy over the weekend stood in stark contrast to the dismal reports from its rivals, and the company said market signs pointed to a rebound in the second half of the year.
China Sunergy has won USD160 million in financing and credit facilities from the China Development Bank to boost cell capacity and pursue new markets. China Development Bank signed the contracts with China Sunergy's two domestic subsidiaries, China Sunergy (Nanjing) and CEEG (Nanjing) Renewable Energy.
China is aiming to double its solar capacity and is likely to reach 2GW by the end of the year as the world's largest solar-panel maker ramps up domestic installation, according to researchers from the National Development and Reform Commission's (NDRC).
Chinese solar panel giant JA Solar announced an increase in year-on-year revenue at the end of last week but warned that its bottom line had been impacted more than it had anticipated by plunging prices on solar equipment.
Chinese company Anwell Digital Machinery has secured a RMB700m (USD110m) capital injection from the municipal government of Dongguan for the development of a second thin film solar panel factory in the province.
US solar company Evergreen Solar Inc filed for bankruptcy on Monday, its once cutting-edge technology falling victim to competition from cheaper Chinese rivals and solar subsidy cuts in Europe, according to Reuters.
The Malaysian Government has pushed back implementation of its feed-in tariff (FiT) system for the renewable energy sector from 1 September to 1 December.
Only days after China's National Development and Reform Commission (NDRC) set up a new feed-in-tariff (FiT) for PV project tenders, worries have already arisen about its financial viability for some PV companies.
The board of Shanghai-based photovoltaic (PV) component producer JA Solar has approved a share repurchase programme authorising the company to reacquire up to $100m of the company's American Depositary Shares (ADS).
The arrangement is effective immediately and allows the company to purchase ADSs on the open market at prevailing rates, in negotiated transactions off the market and in block trades.
US solar sector supply chain producer Spire has become the latest US company in the solar sector to establish a base in India with the launch of a new subsidiary in Bangalore.
Solar modules manufacturer Surana Ventures has signed up AEG Power Solutions to provide to electrical systems for a 5MW solar power plant in Gujarath, India.
This is the latest in a string of deals for AEG Power Solutions in India. Since march is has picked up contracts encompassing 25 MW of solar farm developments across the country. As a result of increased demand the company is building a new factory in Bangalore.
Energy Matters website reports that the Asia Pacific region's hunger for solar panels looks set to continue; and by 2015 will account for a quarter of global demand.
ReneSola Ltd withdrew its full-year outlook because of a sharp drop in wafer and modules prices, and the China-based solar wafer producer forecast third-quarter revenue below Wall Street view, sending its shares down 4 percent before the bell.
A new solar photovoltaic power generation system, which can produce the same amount of electricity in an area about half the size of a conventional solar power plant, has been developed in Japan, according to a report in The Denki Shimbun.
Mahindra EPC Services is using SunPower solar panels and T0 Tracker technology for multiple grid-connected solar power plants in India in the Punjab, Rajasthan and Gujarat.
Photovoltaic component manufacturer GT Solar has received an order for equipment worth USD55.1m from a new, unnamed client in Asia. The sale includes GT's complete range of polysilicon production machinery.
Renewable energy is making progress in the Philippines but is fraught with difficulties, including a long delay in finalizing a feed-in-tariff (FIT) policy. And the solar industry accusing the government of policies which are hampering investment.
This report by the World Bank spells out what the world would be like if it warmed by 4 degrees Celsius, which is what scientists are nearly unanimously predicting by the end of the century, without serious policy changes.
Companies in Asia reveal expectations that regulations that could lead to rising costs for reporting and reducing GHG emissions will also be the main sources of climate-related business opportunities.
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