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29. September 2016 | | Comment now

Huawei expands operations in Europe

The cutting of the ribbon at Huawei's facility expansion in Eindhoven, Netherlands.

Heavyweight Chinese inverter manufacturer Huawei Solar announced an expansion of its European Supply Center, with a new inverter production facility in Eindhoven, Netherlands, which the company hopes will help it service its...


Breaking: China looking to dramatically cut solar PV FIT

China's national flag. Flickr image by Renato Ganoza.

A recent document from China's National Development and Reform Commission (NDRC) confirmed the rumor that China will continue to cut its FIT for renewable energy starting from 2017. It also indicated it may be a dramatic cut.


Meyer Burger announce major restructuring

Meyer Burger's headquarters in Thun, Switzerland. Image: Meyer Burger

Swiss solar technology provider Meyer Burger today announced a company wide restructuring program. The program aims to reduce the company’s overall operating costs by CHF 50 million.


Bank of America may be interested in bailing out SunEdison

SunEdison's financial woes have trundled along for most of 2016.

Court documents reveal potential "enthusiastic interest" from the Charlotte, N.C. banking giant to provide money to the cratering solar installer.


TerraForm Global clears way for sale of SunEdison India and Uruguay assets

SunEdison worker.

SunEdison yieldco has consented to the third party sale of the bankrupt clean energy developer's 425 MW Indian solar portfolio and further assets in Uruguay. Firm will receive a portion of the proceeds.


Centrotherm appoints new CEO

Centrotherm production.

Board of the German solar equipment manufacturer appoints Jan von Schuckmann as company CEO. Change of management elsewhere sees Gunter Fauth appointed as COO, with Peter Augustin making way.


UK could be home to 24 million clean energy prosumers by 2050, says report

Solar rooftop installation, U.K.

Data by the European Renewable Energies Federation forecasts the British energy 'prosumer' to grow from one million in 2015 to 24 million as more and more citizens begin to make valuable energy contributions.


25 GW of new solar in Europe can steer sustainable EV growth, finds EEA

Nissan Leaf and solar.

Study by Germany's Öko-Institut on behalf of European Environment Agency finds that just 25 GW of Europe-wide solar PV could support the goal of reaching 10% electric vehicle penetration by 2050.


Belectric to develop 104 MW solar project in India's Telangana state

Telangana, India.

Construction is due to begin on six solar PV plants in the Indian state of Telangana by Germany's Belectric, which will provide turnkey solutions totaling 104 MW of solar power in the state.


IBC Solar to sell 37 MW of its solar pipeline in Japan

IBC Solar has developed 10 MW of PV capacity in Japan, and is offloading 37 MW of its 60 MW pipeline to BRUC.

Germany-based solar developer signs framework agreement to offload some Japanese PV assets for EUR 90 million to Spanish investment firm BRUC Capital.


50 MW Jordan solar farm to be financed by IFC and Canadian government

This latest, 50 MW addition to Jordan's solar landscape is to be completed in early 2018 and located in Mafraq.

World Bank Group member, International Finance Corp. is to collaborate with the Canadian government to fund a $76 million, 50 MW solar farm in Jordan to be developed by Fotowatio Renewable Ventures.


China joins low-price solar party with bids of $0.078/kWh in Inner Mongolia: reports

Inner Mongolia

Media reports suggest that Chinese solar power developers have bid as low as 0.52 yuan per kilowatt hour for solar power in a tender held in northern Inner Mongolia.


The pv magazine weekly news digest

Dubai's desert.

Is the new record-low price for PV reported this week in Abu Dhabi a killer-watt for solar? Prices plunge in India too, while Tesla's acquisition of SolarCity stirs up a lawsuit or four.


ASEAN member states must accelerate clean energy efforts, IRENA urges

Malaysian solar installation.

International Renewable Energy Agency to outline steps that members of the Association of Southeast Asian Nations can take to hit target of 23% renewable penetration in region by 2025.


Enphase Energy to trim workforce by 11%, embarks on $20m cost-cutting drive

Enphase installation.

U.S. microinverter specialist announces restructuring and cost savings initiative that will see the firm reduce its global workforce by around 11% and cut annual operating expenses by $20 million.


United PV to pay $39m for six UK solar farms, secures 40 MW from Shunfeng

United PV solar installation.

The Chinese firm will spend GBP 30 million to acquire the solar farms, which have a combined capacity of 82.4 MW. Agreement struck to buy 40 MW Chinese plant from Shunfeng.


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