Latest headlines

Brazil: auction delivers over 800MW of PV at 8 cents/kWh

Football stadium in Brazil.

Brazil has concluded its second reverse auction for solar power plant projects, with 834 MW of parks being awarded bids, with an average price of 301.79 Real per megawatt-hour – or US$0.0842/kWh. The average price was 13.5% below...


Hanergy to cut 2,000 jobs under restructuring plan, posts 90% net loss

Under a restructuring plan, Hanergy has said it will "considerably" adjust its strategy

Hanergy has said it intends to cut 2,000 jobs under a restructuring plan, which also includes the introduction of five new business groups. Overall, Hanergy has seen its net earnings plummet over 90% in 1H 2015.


Panasonic plans Younicos investment

The PV storage developer Younicos has garnered the interest of Panasonic. The German Cartel Office is currently proofing the legalities of Panasonic's possible collaboration with Younicos.


Roth & Rau renamed Meyer Burger AG

Shareholders of Roth & Rau AG have approved a proposal to rename the Hohenstein-Ernstthal facility to Meyer Burger (Germany) AG with immediate effect. Meyer Burger AG has also agreed to sell its subsidiary Roth & Rau - Ortner...


Shunfeng records 66% 1H profit decline

Shunfeng has 2.3 GW of solar projects in China, of which 1.9 GW are under construction

Shunfeng International Clean Energy Limited has seen net profits dive almost 65% in 1H 2015, caused partly by decreased ASPs and increased operating expenses. Current liabilities also exceed assets by around US$439 million.


Moree Solar Farm starts installing JA Solar modules

JA Solar will deliver a total 70 MW of solar modules to the Moree Solar Farm in New South Wales, Australia. The first batch of modules have been supplied, and are currently being installed.


Comtec Solar reports net loss

Shanghai-based Comtec Solar Systems has issued a statement indicating that the company expects to register a decrease in gross profit margin for the first half of 2015 compared to the same period in 2014.


Yingli profit margin halved in preliminary Q2 financials

Yingli solar production.

Gross margin of sales expected to be between 6-7% for the second quarter, a fall of 50% on Q1's 14.1% margin; scant preliminary data points to increased module shipments at discounted prices in China.


The pv magazine weekly news digest

David Cameron and Barack Obama share a beer.

The U.S. and U.K. continue to go their separate ways on renewables, encouraging data from Germany warms the solar cockles, and a new solar mapping tool raises the roof across the U.S.


Solar-Fabrik closes Wismar operations

The Solar-Fabrik operations in Wismar are nearing the end. The module manufacturer’s facility will cease operation end of November.


E.ON: The PV business is and will remain profitable

Interview: The energy utility E.ON plans to expand its PV business in Germany. From September, E.ON will offer a PV plant check service for operators of the more than 1.5 million PV plants. Moreover, the development of new PV...


UK's Solar Trade Association labels FIT cuts 'self-defeating'

Commercial rooftop installation in the U.K.

Proposals to slash U.K.'s feed-in tariff by up to 87% draw scorn from the industry, which argues that ideology, rather than sound economic reasoning, is the driving force behind the cuts.


LG plans to expand production in South Korea

LG Electronics has decided to expand its production capacity at its production site in Gumi, South Korea. The reason has been stated as the strong global demand for its Cello-technology integrated modules.


Molten salt storage system wins Eureka prize

A team of researchers at the University of South Australia have won the 2015 ANSTO Eureka prize for their molten salt energy storage system. Though the idea of molten salt storage is not new, the team has come up with a different...


Hanergy dumped from MSCI index

Hanergy HQ.

Index compiler MSCI to remove troubled Hong Kong-based solar firm Hanergy from its index as of September 1 following 50 business days of trading inactivity.


Bosch acquires Silicon Valley battery startup Seeo

German auto parts giant Bosch has acquired Silicon Valley battery startup Seeo. Seeo has been attempting to move from lithium iron phosphate (LFP) cathodes towards nickel cobalt aluminium (NCA) to keep ahead of competition.


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