Latest headlines

The pv magazine weekly news digest

SunPower installation.

Another week of ups and downs in the solar world saw sizable job losses at SunPower, a welcome hiring push for Tesla, Enphase offload its O&M arm and India announce details of a 1 GW rooftop solar tender.


Global inverter shipments to contract 5% in 2017 before steady recovery, says GTM Research

Huawei's smart fusion.

Consolidation of top 10 suppliers continues as Chinese inverter firms Huawei and Sungrow top shipment chart, while SMA's U.S. strength sees it cling on to top spot for revenue, report shows.


Finland's first solar power investment fund set up by Evli and Nordic Shine

Suvilahti plant in Finland

Finnish Evli Bank has become the majority shareholder in Finnish solar company Nordic Shine, as the two companies combine to create the country's first ever solar investment fund, to expand the possibilities of distributed solar...


Yingli losses push past $50m in Q3

Yingli.

The Chinese solar company cites weak demand in China and module oversupply for lower revenues, profit and margin; will pivot towards higher efficiency sales in 2017.


Financing secured for 30 MW plant in Senegal

Solar array in Dakar, Senegal.

The Ten Merina 30 MW solar park is being financed by French private investment firm Meridiam, who has already financed a similar project in the country, as it looks to diversify its energy mix with all types of solar energy.


Additional investor commits to Meyer Burger

Image: Meyer Burger

The Swiss PV equipment manufacturer has received a CHF 5.76 million (USD 5.7 million) commitment from new investor Brustorm SA, as the company continues its capital increase, as part of the major restructuring it announced...


Bluefield Solar acquires five UK solar plants

Solar installation in England.

The solar investment fund has paid GBP 22.7 million for five sub-5 MW solar PV plants in England and Wales that are due to become operational before March 31, 2017.


Tata Power Solar becomes second Indian module manufacturer to achieve Tier 1 status

Tata Power Solar CEO Ashish Khanna.

Bloomberg New Energy Finance now considers the Indian solar company a Tier 1 operator, becoming only the second in the country after Vikram Solar to earn the accolade.


Canadian Solar receives $141m funding from Hanwha for Japanese solar plant

Yamaguchi prefecture, Japan.

The Chinese solar firm secures project financing from the South Korean conglomerate for the construction and operation of a 55 MWp solar plant in Japan's Yamaguchi prefecture.


India: Demonetization program could boost solar industry, says Mercom Capital

Narendra Modi.

Although chaotic, the Indian government's note recall is likely to benefit banks and distribution companies, potentially loosening lending criteria for solar projects and bringing down interest rates, Mercom Capital believes.


Meyer Burger sets out plans for capital increase and shareholders approve

Image: Meyer Burger

Meyer Burger Technology's Board of Directors has approved the final terms for the capital increase, which were announced earlier today, and will see the Swiss solar production equipment manufacturer seek to accumulate CHF 164.5...


ReneSola posts $20m loss in Q3 as revenue falls short of guidance

ReneSola HQ.

The Chinese solar company posts its first quarterly loss in more than a year as revenue and shipments slip in wake of China market slowdown and lower module ASPs.


Meyer Burger reshuffles board, Peter Pauli steps aside as CEO

Peter Pauli.

The Swiss solar technology provider confirms management and board changes that include appointment of Hans Brändle as new CEO from January 1.


NRG closes on 1.5 GW-AC of SunEdison wind, solar assets

Image: SunEdison

The acquisition includes utility-scale solar projects in Utah, Texas and Hawaii as well as 29 MW of distributed solar in four states.


Six polysilicon manufacturers could be wiped out by end of 2018

Image: www.polysiliconsupplier.com

A new polysilicon market outlook report from Bernreuter Research predicts a rise in competition in the market, which will drive prices down and push some manufactures out of business, in the face of falling demand from the solar...


Trina Solar Q3 revenue contracts 22.9% sequentially as shipments fall short of guidance

Trina production.

The Chinese solar developer posts expected contraction of revenue and shipments in wake of module price slump and general market headwinds facing the firm.


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