Latest headlines

SolarCity completes its fourth securitization

SolarCity has closed on the sale of $123 million in bonds backed by a portfolio of its solar assets. This is the company's fourth successful securitization, and it remains the only company to complete one.

ReneSola signs 8 MW Australian supply deal

ReneSola modules.

Chinese manufacturer ReneSola announced today that it has signed an eight MW supply agreement with one of Australia’s largest solar specialist companies, True Value Solar.

First Solar reports higher net sales

First Solar released its second quarter financial results for 2012 with net sales of US$957 million. This is an increase of $460 million from the first quarter and $425 million from the second quarter of 2011. First Solar...

Aleo solar lowers revenue guidance

German company aleo solar has reported that its revenue the first half of 2012 has fallen by 28.3 percent, compared to the first six months of 2011.

China: Government to rescue domestic manufacturers

2012's first and second quarters have seen a major setback in China's manufacturing landscape, with exports falling. Now the Chinese government is stepping in by more than doubling its long-term installation target from 20 to 50...

BMW heir to take over 94 percent of Solarwatt

Solarwatt CEO, Detlef Neuhaus says that BMW heir Stefan Quandt will guide the company's restructuring as the "anchor investor". Not all jobs can be retained though.

US: ECD and USO liquidation plan confirmed

US Bankruptcy Court for the Eastern District of Michigan has confirmed the liquidation plans for Energy Conversion Devices (ECD) and United Solar Ovonic LLC (USO). USO is known for its Uni-Solar brand.

Schüco exits thin film business

The thin film crisis has hit Schüco. The company has said it will permanently stop thin film module production, and research and development.

US: Bancorp and National Cooperative Bank jointly finance 8 solar projects

US$64.4 million in funds will be used to finance the photovoltaic projects that Borrego Solar Systems will develop. The projects are to be found at municipal landfills and at a school district.

26 percent of Arenales power plant sold

Solar Millennium's insolvency administrator, Volker Böhm has sold a 26 percent share of the Spanish solar power plant Arenales. Purchaser is private equity firm STEAG GmbH, a wholly-owned subsidiary of STEAG, Germany's fifth...

Solar Mosaic: One tile at a time

Coders working on laptops on beanbags at the Solar Mosaic office.

During the Intersolar North America, held in San Francisco July 10-12, pv magazine took the chance to turn the spotlight on some key firms in the City and Bay Area. Part two of our series features "crowdfunding" solar startup,...

France: 541 MW of solar projects approved

The French energy and ecology minister, Delphine Batho announced that the government has approved 214 solar power projects totaling 541 MW. Two tenders were opened last year, one for projects on rooftops between 100 to 250 kW and...

US: Walmart's 100th solar installation in California

The College Avenue store in San Diego was unveiled today as the 100th Californian Walmart store to have rooftop solar panels. Walmart's aim is to become fully powered by renewable energy.

Germany: Saxony-Anhalt will not support Sovello

German state Saxony Anhalt will not provide any support for the insolvent Sovello. The state's Economics Ministry accuses the company of not having a viable sustainable business concept in place.

Suntech investigates possibility of fraud

Suntech Power Holdings has launched an investigation into a security interest the company received in connection with its investment in Global Solar Fund, S.C.A., Sicar (GSF). This investigation may delay Suntech's earnings...

Centrotherm postpones AGM

centrotherm photovoltaics HQ Germany

Centrotherm photovoltaics AG has said it will postpone its AGM while it works on its self-administration and restructuring plan.

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