Latest headlines

First Solar posts net loss, 51% revenue decline in Q1

First Solar employee

The company's launch of its new yieldco joint venture impacted its bottom line as the group moved through a "transitional period." First Solar expects to be back in the black in Q2 with sales of between $750 and $850 million.


Tesla to announce home and utility-scale battery next week

Elon Musk of Tesla Motors.

Company sets April 30 date for unveiling, widely believed to be a new home battery and one for utility scale, to be produced at company’s new gigafactory.


Investment in smart grid, storage sectors soars

Smart grid meter, SIGFOX

The smart grid sector raised $185 million in the first quarter, a dramatic increase from $59 million it received from 13 investment deals in the fourth quarter of 2014, according to a new report by Mercom Capital.


Utilities in New Jersey pursue 80 MW of solar approvals

New Jersey road sign.

Atlantic City Electric, Jersey Central Power & Light and Rockland Electric Company seeking proposals for solar PV projects in order to secure Solar Renewable Energy Certificates.


Meyer Burger reaches settlement agreement with GT Advanced Technologies

Meyer Burger

GTAT has agreed to recognize the company's $35 million claim and assume ownership of equipment it had ordered before a soured deal with Apple allegedly forced it into bankruptcy.


A flood of bids in Germany's first round of PV tenders

The German flag

German authorities have reported 170 bids in the country's first call for tenders. The 150 MW tender volume was oversubscribed many times over. The contract awards will be announced within the next few days.


sPower secures $168m debt finance for 144 MW US solar projects

Salt Lake City.

The sustainable energy producer announces placement of $168.5 million in loans, approved by three investment banks, to back leverage investment for 25 solar assets.


NEXTracker agrees 105 MW supply deal with groSolar

groSolar ground-mount development in New Jersey.

Tracking specialist signs three-year deal to deliver its single axis trackers to groSolar's distributed generation solar projects across the U.S.


China could hit 20 GW of new solar this year, says Deutsche Bank

China's Qinghai province.

Analysts believe the country has the potential to exceed 20 GW of solar installations this year following a better-than-expected first quarter and improved policy outlook.


GE to invest in 42 MW Japanese solar farm

Downtown Nagano.

Industrial giant agrees to back the solar plant in Futtsu City, Japan, as the conglomerate builds on its commitment to invest in $1bn in renewable energy projects annually.


China: Cumulative installed PV topped 33 GW in March

Zhenfa 50 MW PV plant Golmud Qinghai, China

New installation completed in the first quarter of 2015 accounted for 5.05 GW. Eight provinces currently boast a cumulative PV capacity of more than 1 GW.


NRG bundles solar and water control system for California

Sprinklers controlled by Rachio.

Offering to be rolled out in regions ravaged by drought, bundling NRG Home's solar system with the Rachio Iro water controller, which is designed to help homeowners preserve water.


Andalay Solar narrows annual loss, increases revenue

Port of Long Beach, California

The California company's fourth-quarter bottom line was affected by module shipment delays caused by a labor dispute that slowed operations at West Coast ports last year. The company reports good progress in executing its new...


SunEdison, TerraForm finance 97 MW solar portfolio in UK

The 15.6 MW Pitworthy solar farm in Devon, England

Backed by £84.6 million in financing from Germany's Bayerische Landesbank, the companies closed financing for projects across the U.K. with the capacity to power 30,000 homes a year. EDF Energy entered signed a 15-year PPA for...


From the Mag: A selection of stories from the April issue

Array in Chile.

April's issue explores in-depth the solar manufacturing markets of Latin America, takes Turkey to task over its bureaucracy and red tape, and examines the organic PV opportunities being created by the Rotrot project.


Dubai announces 800 MW third phase of major solar project

Sheikh Mohammed bin Rashid Al Maktoum, DEWA officials, Dubai

After achieving the lowest global cost of production of PV energy for the second phase of the Mohammed bin Rashid Al Maktoum Solar Park, doubling its capacity from 100 MW to 200 MW, and announcing the 800 MW third phase, Dubai is...


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