Latest headlines

SMA cuts sales and profit forecast, announces layoffs

SMA inverters

The leading inverter manufacturer is lowering its annual sales forecast by up to EUR 450 million and planning to cut 600 jobs worldwide by the end of next year amidst shrinking demand.


Chinese government, companies blast US anti-dumping tariff decision

Trina Solar PV panel production

Canadian Solar warns that the U.S. decision "in favor of one non-competitive PV manufacturer will cost tens and thousands of jobs across the entire U.S. solar industry."


JinkoSolar secures $225 million investment for downstream business

JinkoSolar PV plant, China

China Development Bank, Macquarie and New Horizon will acquire a 45% stake in the Jinko Power division. JinkoSolar is revising its full-year 2014 project development guidance upwards as a result.


Russia's southwestern region to add 10 PV farms by 2018

Ufa River, Bashkortostan, Russia

Solar Systems and Avelar Solar Technologies are set to build 10 new PV farms in southwestern Russia, while IES Holding is developing a 25 MW PV farm in the Orenburg region.


Kyocera, SPCG complete 257 MW of solar farms in Thailand

Kyocera, SPCG 7.46 MW plant in Korat, Thailand

One of the largest in Southeast Asia, the solar power project will produce enough electricity to power 287,500 local households.


Martifer Solar builds 8 MW PV plant in Ukraine

Martifer Solar's 8 MW Shargorod plant

The Portuguese solar group has implemented a total of 29 MW in the country since 2012. The latest installation represents its sixth project with Rengy Development.


California Governor Brown signs MOU with Mexico to encourage cross-border renewable energy development

Governor Jerry Brown in Mexico

Non-binding agreement calls for work in renewable energy R&D, deployment and investments in infrastructure, as well as exploring grid integration between California and Baja California.


Direct Energy acquires US residential installer Astrum Solar

Astrum rooftop PV

By acquiring the eighth-largest residential solar installer in the United States, Direct Energy and parent company Centrica plc have moved into the U.S. solar PV market. This is part of a trend of acquisitions in this space.


German court opens insolvency proceedings against Photon Holding

Photon cover

The District Court of Aachen has opened the main insolvency proceedings against the group due to its inability to meet its liabilities. Preliminary proceedings began in June at the request of a creditor.


SunPower breaks ground on 135 MW Quinto Solar Project

California Valley Solar Ranch in San Luis Obispo County.

CEO Tom Werner says SunPower's ownership strategy provides it with a return on investment from its technology while reducing the risk to potential buyers if it later sells the plant.


PV more profitable than onshore wind in Germany

Fraunhofer ISI, Karlsruhe, Germany

Although PV installations in Germany produce less electricity than onshore wind installations, they generate "significantly higher profits," according to a new report by the Fraunhofer Institute.


Shin-Etsu Chemical to license cell manufacturing technology

Shin-Etsu Gunma Complex, Isobe Plant, Japan

The Japanese company has established a mass production process for 156 by 156 mm solar cell products that have a conversion efficiency of 21%.


US army adds small businesses to $7 billion renewable energy contract

PV installation, Fort Bliss, Texas

The Army's $7 billion Multiple Award Task Order Contract (MATOC) is aimed at power purchase agreements involving renewable or alternative energy projects greater than 10 MW.


First Solar signs 100 MW deal with Japan's XSOL

Mount Fuji, Japan

The deal follows First Solar's move last year to invest $100 million in mega solar projects in the country. The XSOL agreement will also supply smaller-scale installations.


SunPower can access another $44.5 million for solar leases

A SunPower residential solar installation.

U.S. vertically integrated manufacturer SunPower has closed an agreement to finance $44.5 million of its solar leases. Hannon Armstrong Sustainable Infrastructure Capital (HASI) is providing the capital.


SolarWorld increases first half revenue by modest 13%

SolarWorld installation, Germany.

SolarWorld AG's preliminary business results for the first half of 2014 also reveal solid growth in module sales but below-par sales of complete systems.


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