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pv magazine weekly news digest

Suncrest Solar residential installation

It was another week characterized by new deals, developments and dynamism in the global solar sector, with new projects underway in Africa, a controversial plan to form an 'Energy Union' in Europe, major commercial and political...


JA Solar ships 100 MW of modules to Pakistan solar park

Punjab, Pakistan.

Modules to be installed on a 500-acre PV installation located in the country's Bahawalpur region. Array will form part of the China-Pakistan Economic Corridor.


Arizona utility rate changes could price solar out of Phoenix

Municipal utility Salt River Project has proposed changes to its rates for customers who install rooftop solar, which advocates say will destroy the solar industry in its service territory.


NextEra Energy and Hawaiian Electric to "merge"

Hawaiian capital Honolulu.

A $4.3 billion deal has been announced today that will see NextEra and Hawaiian Electric Industries merge. NextEra will pay $2.6 billion for the Hawaiian utility, and assume $1.7 billion of the utility's debt.


Is the oil price slump a boon for solar?

Texas oil well.

As global oil prices hit a five-year low, the fossil fuel industry is facing a gathering storm that could spell great news for the solar power industry.


Top 10 module suppliers in end-of-year reshuffle, says IHS

Trina Solar is forecast to become the world's largest module supplier at the end of 2014, according to IHS.

Revised full year forecasts from the world's leading solar module manufacturers prompt top 10 reshuffle, according to newly combined Solarbuzz and IHS.


Soitec achieves 46% multi-junction cell for CPV

A Soitec record setting cell.

France's Soitec has achieved 46% conversion efficiency with one of its multi-junction solar cells. Soitec claims the high efficiency cell tops its previous world record announced in September 2013.


SMA reduces 2014 guidance for second time, will increase layoffs

SMA CEO.

SMA has significantly reduced its sales guidance for 2014. In its new guidance, the German inverter supplier expects sales between EUR 775 million and EUR 790 million, down from EUR 850 million and EUR 950 million. "Significantly...


E.ON brand turns its back on fossil fuels

E.ON-backed solar installation, U.S.

Germany's largest utility will spin out of fossils fuels and towards renewables in response to changing dynamic of energy landscape.


pv magazine weekly news roundup: Nov 21-28

Tesla motor.

Assault of batteries shapes the week, while the good vibes of the 15th Forum Solarpraxis are punctured by the news of SolarMax's insolvency.


SolarMax to file for insolvency

Sputnik HQ

SolarMax will become the latest inverter victim of Europe’s declining PV market when its parent company, Sputnik Engineering, files for insolvency this week.


Analysis: Bluestar Elkem's REC Solar Group play

REC Solar in Singapore.

Monday's news that China's Bluestar Elkem looks set to purchase Norway's REC Solar ASA came as somewhat of a surprise to the PV industry, but the moves makes sense. Analysts say that it allows REC Solar ASA the capital to grow...


Chinese-owned Elkem to buy REC Solar

REC Solar's production facilities in Singapore.

Bluestar Elkem, a division of the state-owned China National Chemical Corporation, has made an offer to buy the Norwegian PV module manufacturer for $640 million in a move that could secure a European beachhead for a major...


US installs only 31 MW of utility-scale solar in October

The latest figures from the U.S. government show a particularly slow month for solar PV in October, as part of lagging utility-scale PV market in 2014.


Indian solar market to more than double to 1.8 GW in 2015

Mercom Capital's strong 2015 outlook follows on a dismal 2014, with only 800 MW forecast by year's end. This optimistic forecast is influenced by a variety of factors, including moves by the Modi administration.


US Ex-Im Bank signs $1 billion agreement to support clean energy exports to India

Indian Prime Minister Narendra Modi

Ex-Im Bank Chairman Hochberg Signs $1 Billion Memorandum of Understanding to Support U.S. Clean Energy Exports to India Announces the MOU at the India-US Technology Summit in Noida


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