A new US$50 billion development bank jointly formed by the so-called BRICS nations could offer solar a vital new source of funding, according to a leading expert.
A Pakistan PV wholesaler has told PV Tech the country’s nascent solar industry could face “total collapse” unless a tax on imported solar equipment is lifted.
Australia’s Clean Energy Finance Corporation, threatened with abolition by prime minister Tony Abbott’s government, is to give the country’s residential and commercial solar sectors a A$120 million shot in the arm.
Market conditions and not the Chinese government’s so-called ‘cull list’ will drive consolidation of the country’s solar sector, an industry analyst has said.
China-based PVEP, Shunfeng Photovoltaic International (SF-PV) said it expected to report a profit for the first six months of 2014, primarily due to the increased solar cell sales coming from its manufacturing subsidiary, Wuxi Suntech Power Co.
Major polysilicon producer Wacker Chemie expects revenue from cancelled or restructured polysilicon supply contracts from its solar sector customers to be around €210 million (US$283.2 million) in 2014.
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