Finance & economics
According to the preliminary results, GCL-Poly Energy Holdings Ltd., the world's leading polysilicon and wafer producer from China, produced 8,653 MT of polysilicon in the first quarter 2013, down 29.2% from the same period in 2012, when the produtction reached 12,235 MT. Polysilicon sales for the quarter amount to 3,702 MT, down 21.7% year-on-year. The average selling price of polysilicon for the period was $16.62 per kg, with a significant drop from $25.98 per kg from the first quarter of 2012. As for the wafer segment, GCL-Poly produced in the quarter 1,231 MW (+5.8% year-on-year) and generated sales in amount of 1,482 MW (+20.1% year-on-year). The average wafer selling price for the period was $0.21 per watt, down from $0.28 per watt in the same quarter of the past year. In its.... more
Brazilian solar company Brasil Solair got the green light from the governor of the state of Paraíba to open a photovoltaic module and inverter factory in the region, according to a statement of the regional government. The new factory with a production capacity of 30 MW will require an investment of $17 million BRL ($8.4 million). German equipment producer Schmid has agreed to supply the.... more
Algerian electronics manufacturer Condor Electronics plans to open a 50 MW photovoltaic module production facility in Bordj Bou Arreridj, Algeria, according to the local newspaper Maghreb Emergent. The group will invest 950 million DZD (around $12 million) in the project. The factory should be fully operational by July 2013, according to Condor's management.
In Algeria there is currently.... more
The National Science Foundation (NSF) has awarded the state of Nevada a $20 million grant to fund a large-scale research project on solar energy and water, reports the Las Vegas Sun. The Desert Research Institute and research centers at both campuses of the University of Nevada plan to use the funds to create the Nevada Environment, Water and Solar Testing and Research Facility (NEW-STAR), a new.... more
Chinese-Canadian solar company Canadian Solar Inc. has replaced German solar manufacturer Solarworld in the PHOTON Photovoltaic Stock Index PPVX. Last Friday, after Canadian Solar’s market value was 50% higher than Solarworld’s for the fourth week in a row, the move was finalzied. Canadian Solar, which already was included in the PPVX from November 2006 to May 20111, has a market value of.... more