Latest headlines

The pv magazine weekly news digest

Katie Price at a book signing.

Crippling debts and absentee chairmen hogged the headlines coming out of China this week but amid the madness, there was good news out of the US and the Middle East.

Conergy and Sungrow announce inverter partnership

Under a new partnership, Germany-based Conergy will purchase inverters from Sungrow for its global commercial and utility-scale solar pipeline. The first joint project will see a 5 MW PV system installed in the U.K.

First Solar announces JV for large-scale solar development in Philippines

Solar installation, Philippines.

The U.S. thin film company signs joint venture with OrionGroup for the realization of commercial and industrial self generation solar projects in the Philippines.

Amtech receives 800 MW order for solar diffusion system


Company's Tempress Systems subsidiary has received order for its next-gen solar diffusion systems from a leading Chinese solar cell and module manufacturer.

Yingli issues statement refuting liquidation reports

Yingli production.

Chinese solar giant states that it is "optimistic" and "confident" about its ability to continue servicing the global market, following recent reports to the contrary. Company announces keenly awaited conference call.

Fronius presses play on US manufacturing

Fronius production in Austria.

The U.S. subsidiary of the Austrian inverter supplier has begun production at a $1.5 million manufacturing and testing facility in the state of Indiana.

US: SEIA backs ITC extension proposal

Capitol building.

Legislation put forward by Rep. Mike Thompson to extend the Investment Tax Credit (ITC) by five years earns support of the Solar Energy Industries Association.

TMEIC inverter orders rise 48% in 2014

TMEIC solarware inverter.

The Japanese inverter company achieved orders of almost 3 GW last year, with a further 2.5 GW in shipments as its overseas fabs hit full-scale operation.

Sungrow increases Q1 revenue by almost 65% Y-O-Y

Sungrow inverters in California.

Chinese inverter specialist reveals strong growth in international markets, shipping 230 MW overseas, posts overall Q1 revenue of $117.7 million.

FT: Hanergy chairman misses AGM, shares tumble

Hanergy HQ

Hanergy Thin Film Power has seen 47% wiped off its share price, after the company chairman and major shareholder Li Hejun did not attend the company's AGM. The Financial Times reports that trading on Hanergy TF shares was halted...

Georgia Power begins work on 90 MW PV projects

Georgia Power has announced the start of construction work on three 30 MW PV projects at army bases throughout Georgia. They are scheduled for grid connection by the end of 2016.

US: SEIA forecasts 25-50% solar market growth in 2016

SEIA forecasts 25-50% market growth in all U.S. solar sectors by 2016. Analyzing the industry from 2004 to 2014, the association finds "huge" growth rates in the employment and investment sectors, in addition to solar deployment....

Canadian Solar secures US$44 million loan for Ontario PV plant

Canadian Solar Inc. has secured a US$44 million non-recourse construction loan facility for its 10 MW utility-scale PV plant, located in Ontario.

Meyer Burger receives US$40.8 million order for MAiA platform

Meyer Burger has received an order for its MAiA 2.1 system platform from an existing, unidentified Asian customer. Total annual output of the solar cell production equipment will be around 2.5 GW.

Interview: Fundamentals for Yingli good, must address debt

Yingli Green Energy Production

Yingli’s SEC filing on late Friday that its “substantial indebtedness” is threatening its financial position surprised few, but its candor certainly augurs badly for the solar giant. GTM Research's Jade Jones spoke to pv magazine...

Yingli Green Energy reveals hefty debt burden, may have to liquidate assets

Yingli Solar production facility.

The leading solar manufacturer issues SEC filing in which it raises specter of inability to meet its outstanding obligations, which currently stand at more than $1.6bn.

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