Latest headlines

Solar industry set for renewed oversupply and shakeout

PV manufacturing in China. Photo Suntech

Research from IHS Technology forecasts that there will be a new period of oversupply in the solar industry, due to a sharp drop in global demand, which will cause a shakeout in the industry.

Luminant to purchase 116 MW of solar power from SunEdison


Subsidiary of Energy Future Holdings announces power purchase agreement with U.S. solar company for 116 MW of solar power generated by large-scale solar plant in Upton County, Texas.

Martifer Solar grows Italian O&M portfolio by 11.5 MW

Martifer Solar HQ.

The Portuguese solar project developer augments O&M business in Italy with deal to service 14 solar PV plants owned by Green Utility; global O&M portfolio reaches 600 MW.

Canadian Solar receives $165m loan from Santander for Mustang solar plant


Spanish bank agrees lending and tax equity bridge loan for Recurrent Energy, California subsidiary of Canadian Solar involved in the creation of the 100 MW Mustang solar project.

Flextronics to buy NEXTracker

Four months after NEXTracker chose Flextronics to make its single-axis trackers, the contract manufacturer has entered into a deal to buy the company.

Market for module-level power electronics to reach $1bn in 2019, says IHS

Enphase microinverter.

Report forecasts compound annual growth rate of 19% per year for the global MLPE market, with key markets expected to include the U.S., Australia, France, the U.K. and the Netherlands.

SunEdison, Dominion team up on 265 MW Utah project

SunEdison Seven Sisters PV plant, Utah

The expanded partnership between the companies now comprises a total of 685 MW of solar in Utah. SunEdison is also partnering with J.P. Morgan Asset Management to acquire a major stake in a 425 MW AC solar asset portfolio owned...

Exosun to supply 146 MW EDF Energies Nouvelles project in Chile

Exosun Exotrack installation

The French tracker specialist will equip one of the largest Chilean solar plants in development after signing its biggest contract to date.

Yingli shipments, revenue and profit falls sharply Y/Y in Q2 2015

Yingli production facility.

Company posts PV module shipments of 727.9 MW for second quarter, down from Q1 2014 and below last year's Q2 figures; revenue falls to $438.1 million on back of reduced shipments and lower ASP.

IEA-NEA report examines plunge in costs of generating electricity from renewables

11.5 MW PV farm in Helbra, Germany

"While more significant regional variations remain than for baseload technologies, variable renewable technology costs continue to converge towards international benchmarks at the lower end of their cost range," the report finds.

UK energy secretary defends solar FIT cuts

Amber Rudd, U.K. Energy Secretary.

Amber Rudd pens column in which she explains the government's proposals to slash the U.K. feed-in tariff by 87%; industry remains surprised and disappointed by the move.

Little Sun crowd-funding goal up 300% after six days

Little Sun Charge - Testing in Zimbabwe, July 2015

Crowd funding for the Berlin-based start-up and social business' latest product continues to skyrocket. CEO Felix Hallwachs speaks with pv magazine about the company's plans for its new solar powered cell phone charger and the...

GCL-Poly to offload non-solar business for $503m

GCL-Poly Jiangsu Zhongneng facility.

The Chinese polysilicon and wafer producer plans to sell all non-solar related interests to Jiangsu Golden Concord Energy Co. for a reported sum of 3.2 billion yuan.

PV trade dispute: EU ProSun files request for expiry review of undertaking

European Commission building

EU Prosun announced this summer its intention to file the request with the European Commission within the allotted time and it has now done so before the deadline expired this past weekend. Supporters and opponents in the PV...

Low carbon smart cities could save world $22tn, finds study

New York City skyline and solar installation.

Global Commission on Climate and Economy urges national governments to back efforts to transform cities into climate-smart hubs to save money, lower emissions and improve living standards.

Talesun secures 222 MW Indian PV module deal

The Chinese PV maker will supply modules to Indian developer ACME over the next six months, as the nation's solar PV market begins to take off.

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