Tesla’s batteries may soon be Made in China. The announcement was made by Panasonic CEO Kazuhiro Tsuga during a conference accompanying the company’s 2018 fiscal-year results.
The company is pivoting to DG solar and expanding its manufacturing as it continues to struggle with profitability.
The microinverter maker is reporting only modest losses in its Q1 results, a significant improvement from a year ago.
The ruling follows on bankruptcy court approval of SQN’s request to sell off its share of Suniva’s tools and assets, in what may be the bitter end of Suniva as a cell maker.
The hardware from Panasonic’s Oregon ingot and wafer factory is going up for auction on May 9th, and the company auctioning the equipment has released details on what is on the block.
The company’s energy generation and storage division set a record of $410 million in revenue during Q1, but solar power fell to 2013 deployment levels.
The EIA’s monthly solar module import report shows that after a ramp up in in mid-2017, volumes of imported PV modules crashed in January and February.
The firm is building the $400 million factory, its for First Solar – and creating 500 construction jobs in the process
The thin film solar maker is also reviving its EPC division with a goal to build 1 GW of solar projects each year, as well as increasing its presence in O&M services.
The 1.2 GW factory will employ 500 workers. The new facility is expected to First Solar’s total capacity to 7.6 GW by the end of 2020.
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