20 Oct '17, 4pm

Notes from the Solar Underground: Highly Competitive Industries and Their Highly Expected Mergers

Notes from the Solar Underground: Highly Competitive Industries and Their Highly Expected Mergers

In October, NSP (2.6-GWp cell capacity), Gintech (1.9-GWp cell capacity) and Solar Tech (1.4-GWp Cell Capacity) announced that they are merging to create the second largest cell manufacturer in the world with 5.9-GWp of cell capacity. The newly formed company, United Renewable Energy or UREC will also depart the already departed merchant cell business model to create a new vertically integrated business model that resembles, basically, what everyone else is already doing. The usual glowing press releases were offered by company PR departments and repeated by pretty much everyone. The companies have signed the ubiquitous letter of intent, which sounds impressive but holds no legal sway and cannot force anyone to do anything.

Full article: http://www.renewableenergyworld.com/articles/2017/10/note...

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