The leading inverter manufacturer is lowering its annual sales forecast by up to EUR 450 million and planning to cut 600 jobs worldwide by the end of next year amidst shrinking demand.
CEO Tom Werner says SunPower's ownership strategy provides it with a return on investment from its technology while reducing the risk to potential buyers if it later sells the plant.
Although PV installations in Germany produce less electricity than onshore wind installations, they generate "significantly higher profits," according to a new report by the Fraunhofer Institute.
SolarWorld AG's preliminary business results for the first half of 2014 also reveal solid growth in module sales but below-par sales of complete systems.
The European Parliament debated a strategy which calls for more renewable generation alongside more fossil fuels and nuclear. Ukraine conflict is bringing energy security sharply into focus.
SBC wants to develop a $93m scheme on the Welsh island and is launching a four-week public consultation. UK developers have been emboldened by the recent High Court defeat for the government's attempt to block solar farms.
The German group is bundling its operations in the state of Saxony to create a centralized production chain in Freiberg, which is celebrating 20 years of solar production next month.
While Europe remains the company's No. 1 market, it sees great potential in the U.S., where it recently signed a major supply deal with leading solar provider SolarCity.
Boosted by the acquistion of Suntech, the Chinese group is looking to expand operations in the U.S. and Asia and has slated $74 million for investment in 100 MW of projects in Japan.
Satisfactory resolution of the company's annual general meeting 2014 culminates in the announcement of a 50 MW solar module delivery order.
Gross proceeds of at least US$500 million are expected from TerraForm Power's IPO. The company has an initial portfolio of 808 MW of solar PV projects in three continents.
The polysilicon producer reported strong revenues of $126.8 million in the second quarter of 2014, boosting profit after a loss-making Q1.
Hot on the heels of its World Cup success, Germany claims another accolade as it is crowned most energy efficient major economy. U.S. lags behind in 13th place.
Deal sees the Japanese technical giant acquire the fifth-largest inverter supplier in the U.S., becoming the only company to feature in the top 10 of the world's two biggest inverter markets.
The financing agreement is seen as key to helping San Carlos Solar Energy deliver a larger portfolio of projects to meet the Philippines' growing needs for daytime power and to reduce its reliance on fossil fuels.
Nawaz Sharif's government is considering three more feasibility studies after 24 letters of intent for solar schemes were issued. Sharif's rural electrification program is continuing apace.
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