3D-Micromac opens North American headquarters in San Jose
This is the first major presence of the German laser experts in North America.
SMA to close Denver factory, lay off 280
The world’s largest inverter maker says the move is “unavoidable”, and is maintaining its sales and service operations in California.
SunPower to shed 1,200 jobs as it cuts revenue forecast and expects 2016 loss
Extension of the ITC has stripped urgency from U.S. market, company CEO says, prompting a rethink on solar power plant timeline. SunPower will close Philippines fab as part of re-positioning of supply.
Tesla: Gigafactory is “on schedule” to support 2017 Model 3 roll-out
Elon Musk gave scarce information on developments at the world’s largest battery factory in Tesla’s Q2 results.
Enphase reports third quarter of losses in Q2 2016
The microinverter maker has pursued price reduction to gain market share, but has not turned a profit since Q3 2015.
Exclusive: Solarworld CEO Frank Asbeck breaks silence on Hemlock dispute
Solarworld CEO Frank Asbeck talks to pv magazine on the recent finding against the company in its legal dispute with Hemlock Semiconductor. A supremely confident Asbeck explains why he doesn’t think the judge’s decision changes the case at hand, while still expecting a settlement with Hemlock, and why any final decision will not affect the company’s American subsidiary nor the German company.
SolarWorld Q2 shipments, revenues rise, as legal troubles mount
SolarWorld has increased its Q2 2016 shipments 39% YoY, to 342 MW, in 2016. Revenues increased almost 30% for the quarter, to €222 million ($246 million), while achieving an EBIT profit of €20.5 ($22.7 million) million.
Hemlock claims $793.5 million in damages from SolarWorld
SolarWorld could face bankruptcy as a result of its polysilicon supply dispute with Hemlock. The U.S. polysilicon supplier is claiming up to $793.5 million in damages, in court documents acquired by Reuters today.
Deutsche Bank: U.S. utility-scale solar costs to fall below $1 per watt
The bank says that lower-than-expected U.S. demand coupled with significant new module supply is leading to greatly reduced costs and prices in the U.S. market.
Hemlock leveraging SolarWorld contracts to get Chinese trade duties removed
The court document from the dramatic initial ruling in the SolarWorld and Hemlock Semiconductor polysilicon dispute reveals that Hemlock was willing to negotiate amendments to the polysilicon Supply Agreements with SolarWorld subsidiary Deutsche Solar, if the German company assisted in resolving a dispute “between the US and China over the exchange of solar-industry products.”
