Latest headlines

BREAKING: SunPower to close Philippines factory, lay off a total of 2,500

The company has announced a major restructuring as it attempts to right-size and address the hole in its balance sheet.


NEXTracker unveils tracker plus storage solution

The NX Fusion Plus comprises a 25 kWh vanadium flow battery from Avalon, an Ideal Power string inverter and the Nextracker NX Horizon tracker.

The first such product of its type, the NX Fusion Plus comprises a solar tracker, battery and inverter designed to increase energy output and performance duration of solar power plants.


Indian solar imports grew 47% in first half of FY 2016, finds Mercom Capital

Installation in India.

Close to $1bn of solar modules and cells imported into India in the first six months of the financial year, while exports rose 12% to reach $52 million, finds latest analysis by Mercom Capital Group.


Tata Power Solar becomes second Indian module manufacturer to achieve Tier 1 status

Tata Power Solar CEO Ashish Khanna.

Bloomberg New Energy Finance now considers the Indian solar company a Tier 1 operator, becoming only the second in the country after Vikram Solar to earn the accolade.


Enphase offloads residential O&M arm to SunSystem Technology

Enphase AC Home Battery.

The U.S. microinverter specialist confirms that SunSystem Technology will act as the company's primary residential O&M service provider after selling its O&M field service division Next Phase Solar.


All-time high in US storage investment in Q3, finds GTM report

Daimler battery storage.

Disclosed venture funding and project finance of energy storage projects in the U.S. in the third quarter reached $660 million, although actual deployments contracted slightly, says GTM Research.


Oxford PV secures additional GBP 8.1 million in second series C financing round

Henry Snaith of Oxford PV.

The British perovskite pioneer attracts yet more funding, this time via three new strategic investors, including Statoil ASA and Legal & General Capital.


Poland to hold inaugural 100 MW solar auction later this month

Polish solar installation.

The first auction, to be held on December 30, will be for a total capacity of 100 MW for small, sub-1 MW installations; a further 300 MW of PV capacity will be auctioned in 2017.


SMA to supply 616 MW of inverters to India's Greenko Energies

SMA's Sunny Central 1000CP XT inverter was developed for use in harsher climates in high price pressure regions, the company said.

The German inverter specialist to build on its sizable presence in the growing Indian solar market with supply of 616 MW of its 1000CP XT central inverter to Indian solar power developer Greenko Energies.


India: Demonetization program could boost solar industry, says Mercom Capital

Narendra Modi.

Although chaotic, the Indian government's note recall is likely to benefit banks and distribution companies, potentially loosening lending criteria for solar projects and bringing down interest rates, Mercom Capital believes.


Gibraltar Industries to exit European solar racking business, future of Renusol unclear

Gibraltar Industries has made the strategic decision to exit Europe's solar racking business.

The U.S.-headquartered building products manufacturer confirms it is stepping away from selling residential solar racking in Europe as it attempts to balance its books. Subsidiary Renusol could face job cuts.


UK: Big brands sign letter urging government to stop solar tax hike

JD rooftop array.

More than 160 NGOs, schools, companies, energy providers and public institutions sign letter addressed to U.K. Chancellor calling on halt to proposed increase in business rates for solar panels.


Good signs: The pv magazine weekly news digest

This week was filled with positive news for the global PV industry, including the signing of the world’s lowest-price PPA in Dubai


Spanish Solar Forum 3: The solar sector debates auctions and other opportunities

The third Spanish Solar Forum organized by UNEF in Madrid brought together the Spanish solar industry, with an opening address by EU Energy Commissioner Miguel Arias Cañete.


Sale of Verengo assets to Crius clears another hurdle

Since the company received only one bid for its more than 20,000 installed systems, the sale of them to Crius Energy is set to move forward


Finnish scientists claim leaf-like polymer coating can deliver 17% solar cell output increase

By applying this leaf-like structure to solar cells, reflection is reduced, thereby increasing energy output.

Physicists at the University of Oulu have developed a nano surface that mimics the structure of plant leaves and can, they claim, increase the output of solar cells by 17%.


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