Latest headlines

SolarWorld merges German operations

SolarWorld facility, Freiberg, Saxony, Germany

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.


REC Solar achieves $16.2 million second-quarter profit

REC Solar facility, Singapore

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.


Shunfeng lands $323 million credit line

Suntech headquarters

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.


SolarWorld restructuring triggers 50 MW supply deal

Frank Asbeck of SolarWorld.

Satisfactory resolution of the company's annual general meeting 2014 culminates in the announcement of a 50 MW solar module delivery order.


Trading begins for SunEdison yieldco

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.


REC Silicon hits $24 million Q2 profit as polysilicon demand increases

REC production facility, U.S.

The polysilicon producer reported strong revenues of $126.8 million in the second quarter of 2014, boosting profit after a loss-making Q1.


Study ranks Germany as world's most energy efficient economy

Bundestag, Berlin.

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.


Yaskawa expands into US inverter market with Solectria acquisition

Solectria Inverter.

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.


Bank of Philippines funds ThomasLloyd solar joint venture

San Carlos PV plant, Philippines

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.


Pakistan approves feasibility study for solar project

Pakistani PM Nawaz Sharif.

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.


Industry welcomes Indian budget

Indian finance minister Arun Jaitley.

The Indian solar industry was broadly positive after India's new government outlined its spending plans. Tax measures to boost manufacturing could hint at a pending imposition of AD duties on imports.


Solar-powered benches rolled out in Boston, US

Soofa, Boston, U.S.

Created by startup Changing Environments, the Soofa is a solar-powered park bench that allows users to charge their mobile devices while resting.


Mosaic launches solar loan, O&M service

A house with solar.

Solar crowdfunder Mosaic has launched a solar loan coupled with operations and maintenance (O&M) for residential PV arrays. The new product is being offered in partnership with microinverter manufacturer Enphase Energy.


Corporate funding in global solar sector reaches $6.3 billion in second quarter

Great Glemham project, Suffolk, England

Solar funding in the period included $432 Million in venture capital and $1.3 billion in third-party funds, according to a new report by Mercom Capital Group.


Petition urges UK government to give solar 'one more push'

David Cameron, Prime Minister, U.K.

More than 150 businesses have signed a letter calling for U.K. Prime Minister David Cameron to back solar; letter will be presented to Downing Street today.


NextEra closes on IPO for yieldco

The Genesis solar CSP plant

This move makes NextEra the latest in a series of companies that have created yieldco ownership vehicles for solar plants and other energy assets.


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