Latest headlines

Second Chinese company has shares suspended

Trading in panel maker Baoding Tianwei Baobian Electrical's shares has been suspended after the company reported back-to-back annual losses. A domino effect could be about to kick in in the Chinese solar sector.


Third class action lawsuit launched against Suntech

Suntech crystalline solar photovoltaic modules

A third class action lawsuit has been launched against Suntech on the back of the news that German government bonds received in 2010, totaling €560 million, may be fictitious.


Hanwha SolarOne unveils 1 GW North American PV pipeline

Hanwha SolarOne photovoltaic solar facotry

Korea’s Hanwha SolarOne Co. Ltd is continuing with its downstream expansion strategy. Amid rumors the Hanwha Group is gearing up to take over Germany-based Q.Cells, the company has launched Hanwha SolarEnergy America (HSEA) in...


Inventux investors from Chile and Argentina

Inventux HQ, Germany

Recently rescued, Berlin-based Inventux Technologies has presented the plans of its new investors. While the names have still not been unveiled, it has been said the buyers come from the mining industry and infrastructure sector...


More rumors emerge over Hanwha’s Q.Cells takeover

Q.Cells HQ in Germany

New media reports have indicated that Korea-based Hanwha Group is gearing up to take the insolvent Q.Cells over as soon as next month.


US to fast track 1.5 GW of solar projects

President Barack Obama, White House

Under President Obama’s "We can’t wait initiative", the federal permit and review processes are to be accelerated for seven solar and wind projects. Of these, five comprise solar projects worth a total of 1,550 MW.


SunPower sees falling profits; lowers FY guidance

SunPower solar photovoltaic plant

SunPower Corp. has seen profits sequentially falling in the second quarter (Q2) of 2012, despite having exceeded the lower end of its revenue and gross margin guidance. In terms of markets, Europe continues to be challenging, but...


MEMC sees solar revenues rise

Despite the continuing difficult market conditions, MEMC Electronic Materials, Inc. has seen its second quarter (Q2) 2012 financial results improve on the back of stronger solar energy revenues. Despite this, it has declined to...


Solar ITCs deliver positive IRRs to US government

SolarCity solar photovoltaic installation.

A new analysis of the U.S. Federal Solar Investment Tax Credit (ITC) claims that both residential and commercial photovoltaic projects supported by the ITC can deliver a nominal 10 percent internal rate of return (IRR) to the...


China: GCL-Poly to develop 973 MW of PV

GCL-Poly polysilicon production facilities, China

GCL-Poly Investment Limited has signed a letter of intent with China Merchants New Energy Limited and China Technology Development Group Corporation to develop 973 MW of photovoltaics in China between 2013 and 2015.


Suntech fraud investigation prompts class action lawsuits; claims of forewarnings

Suntech HQ, Wuxi, China

Following the news that Suntech may have backed fictitious bonds, two class action lawsuits have been launched in the U.S. Meanwhile, media reports claim warnings were sent to the China Development Bank (CDB) urging it not to...


Inventux saved by South American investors

Inventux HQ Germany

The insolvent, Germany-based Inventux has been saved. More than half of the company’s workforce will be retained.


Germany: 4373.5 MW installed in first half

The German Federal Network Agency has announced that in June alone this year, about 1.8 GW of new PV capacity was added to the grid. Reasons may have been the EEG discussions and the expiry dates for transition periods for larger...


Sovello: Situation worse than expected

According to the liquidator, the financial position of Sovello is far worse than feared. The former CEO, Reiner Beutel has resigned from his post. Despite this, operations will continue for the time being.


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...


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