PV demand contributes to more than 80% of the polysilicon demand, and is the key driver of the growth in polysilicon demand

Out of some 400 enterprises in China in 2011/2012, we identified around 160 with significant levels of capacity remaining active

China is now expected to reach 40GW of installations by 2015. There is a certain amount of expectation that small companies will be marginalized and financial support will be given to an elite group.

The company’s revenues have witnessed a 24% year-on-year and 36% sequential drop to $263M

Faced with all those factors, activities on balance sheets see more debt increases. Thankfully, the majority of the quarterly losses had limited cash-draining impacts

This turnaround is attributed to successful restructuring that the business has gone through over a period of five quarters.

The current crisis has exposed the country’s fragile power infrastructure, and there have been renewed calls for investing in the solar sector

SolarPVInvestor presents an exclusive interview with Mr Luc Graré, Senior Vice President Sales and Marketing, Cells & Modules, REC Solar, about the company and the solar industry.