With mounting losses and an expected fall in demand for its modules, Panasonic has halted its expansion plans at its Malaysian module production facility. Weak demand is also affecting several other companies including GT Advanced Technologies and Singulus Technologies which have both been forced to cut their workforce. Despite this weak demand, global module sales are expected to return to profitability and are forecast to surpass US$7 billion in the fourth quarter of 2013. In more positive news, Power-One's global PV inverter market share rose from 11% in 2011 to 13% so far this year. Remaining in the downstream market, Phoenix Solar has dropped its revenue projections for 2012 to between €150 million and €170 million while Advanced Energy Industries announced record sales of US$60.7 million. And finally, the Serbian government and Securum Equity Partners have signed a binding framework agreement for 1GW worth of PV projects spread across Serbia. Watch today's newscast for more on these stories. Companies: Advanced Energy Industries, GT Advanced Technologies, Panasonic, Phoenix Solar, Power-One, Securum Equity Partners, Singulus Technologies
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