Latest headlines

Chaori Solar administrators to draft restructuring plan

Shanghai skyline.

Administrators of first Chinese company to default on a domestic corporate bond have drawn up plans to shape the reorganization of the company and its assets.


SunPower introduces pilot solar lease program Down Under

Residential PV array, Perth, Australia

The company's pilot program in Melbourne is modeled after its successful residential leasing program in the United States. SunPower systems are available in other regions of Australia through cash and loan programs.


JinkoSolar second-quarter net profit soars, sales up 38%

JinkoSolar PV park

In its fifth consecutive quarter of profitability, the company expanded its downstream operations and managed to maintain a leading position in China while expanding operations in emerging markets and the U.S.


Phoenix Solar's half-year revenue drops, operating loss narrows

Phoenix Solar Sulzemoos, Germany

The German solar group attributes its dramatic revenue drop on external factors, including delayed orders in the United States.


Shunfeng secures $3.25 billion credit line from China Minsheng

Suntech product manufacturing, China

The Chinese PV giant has landed its another major loan facility following a separate $323 million agreement in July with China Merchants Bank.


Vikram Solar boss says Modi will not impose AD duties

Indian prime minister Narendra Modi.

The CEO of the Indian module manufacturer, and cell importer, told pv magazine Narendra Modi will find an alternative to duties. Gyanesh Chaudhary predicts long-awaited capital subsidies will be paid and called for preferential...


pv magazine's weekly news round-up: Aug 8-15

Chinese CIGS installation.

A quick look back at the biggest solar news stories that have grabbed our attention over these past seven days.


SolarWorld enjoys 53% increase in first-half shipments, revenue below expectations

SolarWorld rooftop installation.

The German solar company shipped 357 MW of solar wafers, modules, cells and kits in the first six months of 2014, but revenue of $305 million fell short of target.


Europe finances 100 MW CSP project in South Africa

EU flags flying.

The EIB has provided a $100 million loan to public utility Eskom. The CSP plant is located near Upington, in the Northern Cape.


Brazil awaits decision of Amazon campaigner

Marina Silva.

Marina Silva, the running mate of Brazilian socialist presidential candidate Eduardo Campos, killed in a plane crash on Wednesday, has yet to announce whether she will replace the former governor of Pernambuco in the race. The...


Centrotherm posts strong first-half revenue, forecasts difficult second half

centrotherm HQ, Blaubeuren.

Revenue hits $104 million in the first half of 2014, largely driven by centrotherm's polysilicon factory in Qatar. Board anticipates tough market environment for second half.


NRG to acquire mobile solar startup Goal Zero

Goal Zero product

The U.S. energy group is taking a bold step into the mobile solar business with the purchase of the Utah-based maker of personal solar products.


Zhenfa to buy 51% stake in STR Holdings

Zhenfa 50 MW PV plant, Golmud, Qinghai, China

The acquisition will give the U.S. encapsulant manufacturer a major beachhead in China's growing PV market. For STR shareholdders, the deal could mean a $22.6 million dividend windfall.


Italy FiT cuts legally questionable, says McDermott Will & Emery

Belectric PV park, Italy

Owners of PV plants bigger than 900 kW face minimum losses of about 8% as a result of new legislation passed by the Italian government last week.


Canadian Solar reports very strong Q2 results on record shipments

The Canadian-Chinese module maker and developer grew its revenues and margins during the second quarter, with record PV module shipments of 646 MW. Canadian Solar also has a strong project pipeline going forward.


Abengoa boosts net profit as operations expand in North America

Abengoa 280 MW Solana CSP plant, Arizona

The Spanish group continued its global diversification in the first half of 2014, achieving 39% of its revenue from North America and 25% from South America.


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