Latest headlines

Iran to pay 35% premium for solar, wind plants with domestic content

Iran will authorize 1 GW of solar and wind contracts in March and plans to put 5 GW online over the next decade.


US: Cumulative solar installs top 28 GW, 16 GW of renewables installed in 2015

Cumulative utility-scale solar installs have topped 17 GW in the US

According to a new study by BNEF and the Business Council for Sustainable Energy, cumulative solar capacity in the U.S. has reached 28 GW, of which 7.3 GW was installed in 2015. Overall, last year saw 16 GW of renewables added,...


United PV withdraws $90 million Hareon lawsuit

Hopefully hareon's lawsuit woes are behind it

United PV has today announced the withdrawal of a US$90 million lawsuit, after receiving $250 million from an investment fund under a deed of assignment, and reimbursement from Hareon for all arbitration and legal costs.


Toshiba reorganizing to focus on energy, storage amid major losses

Toshiba is currently working on various energy storage projects

Toshiba’s latest earnings results show catastrophic losses for the Japanese electronics conglomerate, which are forecast to hit US$6 billion for the FY 2015. Its recent accounting scandal has forced it into restructuring. More...


Sharp: Surprise over Foxconn nod, Energy Solutions segment reports biggest revenue drop

Sharp's Energy Solutions division, which houses its solar business, has seen significant losses

Sharp has surprised many by awarding preferred negotiating rights to Taiwan’s Foxconn for its US$5.9 billion takeover bid, rather than the Innovation Network Corporation of Japan (INCJ). Meanwhile, the electronic giant has...


Panasonic’s solar PV sales suffer from Japanese market weakness

Panasonic reports a slight decrease in sales and a sharper fall in profitability in its Eco Solutions business, which it blames on slowing domestic demand for its solar PV solutions and other products.


Tesla’s Musk confirms Powerwall 2.0 is on the way

Demand for Tesla's Powerwall is still high

Elon Musk has confirmed Tesla will bring out a new version of its Powerwall home energy storage battery system this summer. While "step changes" can be expected, he declined to elaborate on the new product.


E.ON: Solar sees EUR200 million of EUR10 billion renewables investment

E.ON is predominantly active in the US and German solar markets

E.ON today announced its net investments in renewable energy have surpassed EUR10 billion. The lion’s share has been directed into wind, while solar has received around EUR200 million. A spokesperson confirms the energy utility...


Sharp bailout plans include breaking business up, merging with Solar Frontier

Whatever happens, Sharp will be "quasi-nationalized … broken up and downsized," reports Forbes

Rumors have been furiously swirling around the possibility of a bailout of Sharp Corp. Both Taiwan’s Foxconn and the Innovation Network Corporation of Japan have recently presented rescue plans. The latest news to emerge from...


Expert analysis: Is SMA out of the woods? Outlook for 2016 is promising

SMA has been successful in turning its business around

On January 29, SMA published its outlook for 2016, both in terms of financial goals and upcoming product innovations. Industry expert and Smart Solar Consulting CEO, Götz Fischbeck has crunched the numbers and examined how the...


India: Domestic content compromise proposed, WTO ruling postponed

India needs foreing module imports to meet its ambitious solar goals

The Indian Government has proposed a compromise to end the dispute with the World Trade Organization (WTO) over its domestic content requirement (DCR) for solar modules. A final ruling from the WTO was expected on Friday, however...


Germany: Solar installs just 1.37 GW in 2015

It's hard to calculate the exact amount of solar PV added in 2015 in Germany, but it is clearly under 1.5 GW

2015 saw declining solar PV activity in Germany once again, with under 1.5 GW installed throughout the year. In December, the Federal Network Agency registered just under 145 MW of new capacity. Meanwhile, four ground-mounted...


New deal could end Hareon’s $90 million lawsuit woes

United PV has agreed to drop the lawsuit against Hareon if certain conditions are met

Hareon Solar has entered into a tripartite agreement with United PV and a Hong Kong investment fund, under which United PV’s around US$90 million claim against Hareon will be transferred to the new investor. The deal, if it goes...


SolarWorld targeting 2016 revenues of >EUR1 billion, shipments >1.4 GW

SolarWorld's strongest market was the US

On the back of a successful 2015, which saw revenues and shipments exceeding forecasts by 33%, SolarWorld says it expects to see another increase of more than 20% in both areas in 2016. Although a positive 2015 EBIT was not...


China Sunergy boosts revenue, narrows loss in third quarter

China Sunergy building

The PV manufacturer has seen a sharp increase in sales of its self-branded solar cells and modules. The company's business in China accounted for 52% of its total revenue.


8point3 keeps conservative approach and beats guidance during Q4

The joint First Solar/SunPower yieldco achieved $16.3 million in cash available for distribution, above its guidance, with 131 MW-AC of projects reaching commercial completion during the quarter.


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