Solar usage continues to soar in California
The state’s grid operator is preparing for a major boost in renewable energy in 2020, when utilities will have to obtain 33% of their electricity from renewable energy sources.
Eclareon examines PV competitiveness in seven countries
The company’s new report found that in Germany and Italy, low PV installation prices, a low discount rate and high electricity prices compensate for low irradiation levels to reach grid parity.
ReneSola posts annual increases in revenue, net loss
The company achieved a performance record in the fourth quarter of 2013, however, including a net profit and a 58% increase in module shipments.
Trina Solar wins $20m arbitration verdict
The Chinese solar giant yesterday adjusted its latest earnings figures upwards after winning a positive verdict in a module supply deal arbitration. Trina successfully claimed $20.4 million in missed payments arising from the deal.
Sunways heads back into insolvency
The German solar manufacturer has announced it has filed for insolvency, just seven months after exiting previous proceedings. Chinese parent company LDK Solar is under fresh scrutiny after recent Chinese solar defaults.
Shunfeng announces acquisition details
Chinese manufacturer Shunfeng has finally revealed details of its protracted takeover of Wuxi Suntech. The deal will be put to a shareholder vote on April 7.
Greek investors rail at latest retroactive proposals
Draft government proposals for a fresh round of retroactive FIT cuts have caused further dismay for renewables investors. The terms of the proposed ‘New Deal’ for renewable energy producers would reduce both backdated and future payments.
Wuxi municipality snubs Suntech panels
The local government of Wuxi turned to Hanwha SolarOne for a 100 MW, ‘long-term’ solar rooftop scheme, despite the 4 GW of Wuxi Suntech cell and module capacity on its own doorstep.
Analysts expect $58m loss for SMA
The overcapacity and price falls that dogged manufacturers are expected to have finally fed through into this year’s results for German inverter maker SMA Solar. The figures will be confirmed on Thursday.
Meyer Burger sees revenue drop despite increase in orders
An influx of orders in the latter part of 2013 came too late to boost sales for the Swiss engineering company, which saw annual losses increase 47%.
