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India and France to launch solar alliance on opening day of COP21

The COP21 summit in Paris begins today, kickstarting two weeks that could prove crucial in determining the world's stance on tackling climate change.

Solar alliance first of many anticipated agreements and pledges over the coming two weeks in Paris, which could prove crucial in determining how the globe tackles climate change in the few years.

Turkey: New directive sees import duties on solar modules

Solar modules coming into Turkey will be subjected to import tax from this December

Turkey has issued a new directive, which will see solar modules charged an import tax of around US$125, determined by weight. The new regulation will apply to all PV manufacturers outside of Turkey from December 19.

SunEdison fires TerraForm Power President & CEO Domenech, shifts board

The company's management changes follow a shift in strategy, with an attempt to be more “boring” after rapid growth spooked investors.

Sungrow enters downstream solar market with 600 MW, $939 million investment

Sungrow is entering the downstream solar business

Following the module manufacturers’ lead, China’s largest inverter manufacturer, Sungrow, is entering the downstream solar business, having signed an agreement with the Chaohu municipal government in east China to develop up to...

$45 million Solyndra settlement behind Trina Q3 loss, despite 1.7 GW record shipments

Trina CEO Jifan Gao

China’s Trina Solar has racked up a record 1.7 GW solar module shipment record in Q3 2015, however a US$45 million settlement with Solyndra trustees has plunged the manufacturer into a $20 million loss for the quarter.

US, Japan and South Korea to install 1.4 GW of energy storage between 2015-16

Energy storage system costs will come down significantly by 2019

The U.S., Japan and South Korea are the leading energy storage markets worldwide, says IHS, with each forecast to exceed 100 MW of annual installations this year. Between 2015 – 16, they are set to install 1.4 GW of new capacity....

Emerging markets attract most renewables investment

Solar is playing an increasingly important role in Africa

New renewables investment in 2014 in 55 developing world nations reached US$126 billion, finds a new report, over half of which went to emerging markets. The increase was recorded, despite a general slowing in economic growth....

CSun reports falling shipments in Q2, $10.3 million loss

CSun in Turkey.

Troubled Chinese manufacturers China Sunergy has released its delayed Q2 2015 results, in which its shipments fell as it reduces OEM production. The company reported a loss for the quarter of US$10.5 million, down from $12.2...

Growing solar sales insufficient to stem cash burn at Singulus

Singulus building

German production equipment supplier Singulus is pursuing a debt-equity swap to tide the company over a difficult period in which its liquidity has been diminished due to weak sales to the optical disk industry. This is despite...

Amtech records flat Q4, reports increasing quoting activity

Amtech guy

U.S. production equipment Amtech has reported relatively flat revenues in Q4 fiscal 2015, however increased quoting activity and Y/Y sales increases point to a rebounding PV equipment market.

The pv magazine weekly news digest

Delhi, India

India dominated much of the news this week, with an eye-opening report that solar power in the country will cost less than coal by the end of the decade. Prime Minister Narendra Modi also made solar a major topic at last week's...

IBC Solar expanding operations globally

IBC Solar PV power systems atop the Grupo de Energia building in Bogota.

The Bavaria-based PV systems group has repositioned itself. In addition to the German market, IBC Solar is strengthening its activities in sales and project business in Latin America and other countries.

Elite Solar: More than US$7 million in new solar contracts

Elite Solar PV installation, San Antonio Elementary School

With more than a dozen projects currently under development and several more about to begin, the California solar company is expecting revenues this year to soar 140%.

Tesla still in talks for German battery fab

BMWi production in Leipzig

Electric car production is likely to accelerate in the wake of the VW emissions scandal, according to Audi's top U.S. exec. While Daimler appears content to use Asian-made batteries, there are increasing calls for German...

US Energy Department: US$22.7 million for 23 solar tech projects

Combined solar and storage

The new government program is aimed at supporting projects with the potential to significantly reduce the costs for solar energy systems while also boosting U.S. competitiveness and strengthening the country's clean energy...

Jinko reports growing Q3 shipments, falling Y/Y profits

Jinko power plant

China’s JinkoSolar continues to grow shipments in Q3, to 1.345 GW of modules, however its gross income on an annual basis has suffered, due to a number of factors including currency devaluation, stock based compensation expenses...

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