Latest headlines

The pv magazine weekly news digest

Boris Johnson.

A week shaped by the shadow of Brexit and the aftermath of a successful Intersolar Europe exhibition still managed to write headlines unconnected to the two.


8point3 Energy Partners once again beats guidance in Q2 filing

First Solar installation.

The yieldco of First Solar and SunPower saw second quarter performance beat CAFD guidance, generating revenue of $13.5 million and lowering net losses to just $0.2 million.


Tools downed but UK solar summer sees flurry of finance activity

Primrose Solar in Hampshire.

The rush to build may have subsided, but three large financing deals show that interest in the U.K.'s ground-mounted solar sector remains high.


Siemens to invest EUR1 billion in new startup unit

next47 logo. Image courtesy of Siemens.

Siemens has announced the forming of a new dedicated startup unit, next47, with a war chest of EUR1 billion to be spent on it that will, among various other important innovations, focus on decentralized electrification.


World Bank pledges $1bn for India's solar target

Narendra Modi.

Following discussions between Indian Prime Minister Narendra Modi and World Bank chief Jim Yong Kim, record loan of $1 billion agreed to help fund India’s bold aim to install 100 GW of solar by 2020.


Inside Ingeteam's acquisition of Bonfiglioli's solar business

Ingeteam inverters at a PV plant.

Last week Spanish inverter specialist Ingeteam purchased the solar division of Italian central inverter developer Bonfiglioi in a move that demonstrated the opportunities that still exist in Europe’s solar market.


China's Shinetime withdrawn from EU MIP undertaking

European Commission.

Commission finds that the Chinese solar firm breached the Minimum Import Price agreement by allegedly selling below the set MIP level.


Masdar and EDF pin hopes on new record low tariff for 350 MW Abu Dhabi solar plant

Masdar solar installation, Abu Dhabi.

Days after the Abu Dhabi-based clean energy developer won a tender to develop 800 MW of solar in Dubai, the company has teamed with France's EDF to bid for a 350 MW plant in Abu Dhabi.


SunEdison appoints new CFO as incumbent departs after just two months

SunEdison installation project.

The troubled and bankrupt renewable energy firm announces the appointment of Philip Gund as its new chief financial officer a week after CEO Ahmad Chatila resigned.


ABB to close Phoenix inverter fab, move jobs to Estonia and Italy

ABB worker.

The Swiss power electronics firm will end manufacturing operations at the U.S. site, shifting an undisclosed number of jobs to Estonia and Italy later this year. Some sales and service staff will be retained in Phoenix.


Sunrun increases rooftop solar credit facility to $245m

Sunrun installers fit another rooftop array.

The U.S. residential solar company has secured an additional $40 million in working capital from investors to support the expansion of its rooftop solar projects, especially the New York market.


IBC Solar and Dhybrid enter cooperation for hybrid systems

IBC Solar and DHYBRID sign cooperation agreement. Image IBC Solar.

The two German companies signed the cooperation agreement in a bid to become one of the world’s leading providers of diesel-PV hybrid systems.


India's NHPC reveals 600 MW floating PV plan at hydro dam in Maharashtra

Koyna River in Maharashtra.

The state-run National Hydroelectric Power Corporation plans to install floating solar panels atop the Koyna dam – a hydro power complex located in Maharashtra, India.


Masdar selected by DEWA to lead consortium on 800 MW solar PV project in Dubai

The Dubai skyline.

The Abu Dhabi clean energy firm to partner with Spain's GranSolar and Saudi-owned Fotowatio Renewable Ventures to develop phase three of the Sheikh Mohammed Bin Rashid Al Maktoum PV plant.


Canadian Solar and GCL joint venture in Jiangsu hit by tornado

Damage to Canadian Solar and GCL's joint facility in Jiangsu, China.

China's coastal province, Jiangsu, was hit by a heavy tornado and hail on Thursday, causing at least 98 deaths and 800 injuries, while also causing damage to Canadian Solar and GCL System Integration Technology’s joint venture in...


Daqo gets approval for RMB500 million credit line

Polysilicon. Image by polysiliconsupplier.com

The Chinese manufacturer of high-grade polysilicon has been given approval for the RMB500 million (USD76 million) credit line from Chongqing Rural Commercial Bank, and will use it to increase its manufacturing capacity.


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