Finnish solar production equipment supplier Valoe has announced a deal to supply a 120 MW – 150 MW module assembly line to a new Ethiopian PV manufacturer, in a deal worth €15. 8 million (US$17.9 million). The deal is Valoe’s...
In issuing select preliminary Q1 2013 financial results, Canadian Solar Inc. expects its photovoltaic module shipments and gross margin to exceed previous guidance.
IHS has released its latest PV inverters quarterly report. Despite indications of industry consolidation, the top ten largest PV inverter suppliers saw their market share fall from 62% in 2011 to 56% in 2012.
Insolvency proceedings have officially opened against AE Photonics. All employees have already been laid off. Both the parent company and its Greek, Indian and U.S. subsidiaries will now be liquidated.
A power-to-gas research project has been launched in Germany. A research network of institutes and companies will evaluate the capability of long-term storage technologies in a 100% renewable energy electricity scenario.
Following approval, four former board management members of Conergy will pay the German photovoltaic company over €6 million under a settlement agreement. Part of the funds are expected to be paid to investor plaintiffs under a...
New Jersey's largest electricity provider Public Services and Utility Group (PSE&G) has reached an agreement with New Jersey Board of Public Utilities (BPU) and other parties to increase renewable energy spending.
Founder of the International Battery and Energy Storage Alliance (IBESA) and Managing Director of IPVEA Bryan D. Ekus provides pv magazine with more insight into the newly formed alliance and the support needed by the storage...
At 54%, electricity production from renewable energy reached a record high in Spain last month. Photovoltaics, meanwhile, met 3.6% of demand.
Suntech Power Holdings Co. Ltd has released preliminary, unaudited, financial figures for Q4 and FY 2012. As expected, the company suffered from significantly falling sales and a battered gross margin. Meanwhile, a creditors...
Germany’s Federal Network Agency officially confirmed that 290 MW worth of photovoltaics were installed in March in Germany. Consequently, FITs will sink by 1.8% between May and July.
Berlin startup Younicos and renewable power utility company Wemag AG are setting up a 5 MW lithium-ion battery park in West Mecklenburg, Germany. Samsung SDI will be supplying the batteries with a 20-year guarantee.
Swedish CIGS equipment supply startup Midsummer has announced that it has sold its first turnkey system to a European customer. The sale was made in March with the system to be delivered in late 2013.
IHS forecasts that global photovoltaic module production will grow 18% this year, to over 37 GW; and that OEM manufacturers will increase in significance. Meanwhile, it has identified the top 10 module suppliers by production of...
Solar stocks in New York rallied this month on the back of news that a bill introduced in the U.S. Congress would provide solar companies with a tax advantage enjoyed to date only by fossil fuel producers. The sector also...
South Korean polysilicon manufacturer OCI has been dragged into the Suntech maelstrom thanks to an overreliance on the ailing Chinese cell and module manufacturer.
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