Latest headlines

REC post $180m in Q4 revenue, extends US supply deal with Sunrun

Sunrun installation

The Norwegian solar group saw stronger sales in Europe and the U.S., which boosted module sales by 18.5% over the previous quarter. The company also extended its existing supply deal Stateside with residential solar group Sunrun.


Google drops solar program

US residential solar photovoltaic installation

As part of an "off-season spring cleaning series" aimed at dropping products that haven’t made the impact expected, Google has announced the end of its 'Renewable Energy Cheaper than Coal' (RE


PV price shifts and painful consolidation

2011 has, arguably, presented photovoltaic companies with the toughest solar market challenges to date. Subsidy cuts, freefalling prices, weak demand, overcapacities, financial uncertainty, insolvencies: these factors, and many...


ReneSola posts Q3 loss

A ReneSolar module.

While its second quarter (Q2) 2011 gross figures were impressive, recording a USD$45.9 million profit, ReneSola has posted a loss of $7.7 million, for the third quarter (Q3) 2011.


Yingli ups shipping record, but posts falling gross margin

Yingli Solar photovoltaic modules in a 46 MW solar park

Yingli Solar may have seen another quarter reach "historical" photovoltaic module shipping highs, but its financial figures have been impacted by the weak solar market conditions. The company’s gross margin and operating results...


Canadian Solar: Higher shipments and revenues, but falling gross margin

Canadian Solar photovoltaic modules in German solar park

Unlike many of its peers, Canadian Solar seems to have pulled through the third quarter (Q3) of 2011 rather well, having recorded both sequential and annual photovoltaic module shipment and revenue increases. The company’s gross...


Serbia plans 1 GW, €2 billion solar park

Serbian countryside

The Republic of Serbia and Securum Equity Partners have signed a framework agreement, under which they intend to realize a one gigawatt (GW) solar park in Serbia.


NRG acquires Solar Power Partners

Solar Power Partners Fresno Airport solar photovoltaic installation

NRG Energy has acquired Solar Power Partners for an undisclosed sum, thus adding 30 megawatts (MW) worth of distributed solar projects to its roughly two gigawatt (GW) portfolio.


Hanwha also posts significant financial losses

Hanwha SolarOne photovoltaic modules in a warehouse

Another victim of the depressed market conditions, Hanwha SolarOne has seen third quarter (Q3) 2011 losses, leading to full year module shipment guidance reductions. Like many, the company believes the financial woes will...


Suntech positive despite Q3 declines

Suntech HQ building with flags

Suntech, affected by the depreciation of the euro, has posted third quarter (Q3) 2011 declines across the board. The company believes the current market troubles will continue into the first half of 2012. However, by mid-year, it...


China's Trina also sees big Q3 losses

Trina Solar screenshot

It seems there is no escape from the third quarter (Q3) woes this year. Trina is the next solar company to post weak financial figures on the back of the "challenging" market conditions. Questions also remain over new technology...


Activ Solar adds further 20 MW to Perovo solar project

Phase III of Activ Solar's photvoltaic Perovo park

Activ Solar has completed another 20 megawatt (MW) phase of its second Ukrainian solar park, just two and a half weeks after its last 20 MW announcement.


JinkoSolar endures rough Q3

JinkoSolar screenshot

As one of the few solar companies to post positive second quarter (Q2) 2011 financial figures, Q3 must have come as quite a shock for JinkoSolar, which experienced significant declines.


Germany: FDP looking to cap PV market at one GW

Conergy Tarp solar photovoltaic park in Germany

The German Liberal Party (FDP) leader is looking to place a one gigawatt (GW) cap on solar subsidies. Federal Minister for the Environment Röttgen has swiftly rejected the demand, however. He has also said he wishes to preserve...


China: GCL-Poly and CGN to work on one GW solar project

Datong City, China at sunset

GCL-Poly Limited and CGN Solar Energy Development Co. Ltd. have entered into a cooperative framework agreement under which a one gigawatt (GW) solar project is expected to be realized.


Diversification and integration keys to surviving solar shakeout

Solar photovoltaic installation on a remote island with very blue sky

In a new solar study, Bank Sarasin has named the five companies most likely to survive the current market shakeout, and identified those which are set to fail. International diversification and vertical integration are the...


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