Power-One shareholders sue ABB
Swiss power and automation technologies giant ABB announced on April 22 the acquisition of inverter manufacturer U.S. Power-One. But shareholders of the American company are claiming that the US$1 billion sale price is too low. On Tuesday they filed a class action against ABB.
EU AD duties on Chinese PV imports: A turning point for China?
Henning Wicht, principal PV analyst at IHS Solar, talks to pv magazine about the possible effects average AD duties of 47% on Chinese PV imports will have on prices, investors’ business models, Chinese manufacturers, EPC players; and trade relations in Europe, China and beyond.
Symbior Energy plans 190 MW of PV in Thailand
Symbior Energy aims to install 190 MW of photovoltaics in rural Thailand by 2014. A spokesperson for Armstrong additionally reveals more details of Symbiors 30 MW partnership with Armstrong Asset Management.
Aleo Solar posts sharp drop in sales
In the first three months of this year the Bosch subsidiary suffered an almost 60% decline in sales compared with 2012. EBIT loss even nearly doubled and increased to more than 16 million.
SMA considers further job cuts of 1,000
A total of 1,000 jobs are reportedly at risk at the German inverter manufacturer. SMA has not confirmed concrete figures, but it confessed that the board is evaluating such urgently needed measures.
Colored solar panels open aesthetic possibilities
The Swiss company which today announced the development of colored solar panels says its products suffer only a ‘negligible’ loss of efficiency compared to traditional photovoltaics.
SunPower issues positive 2013 guidance
SunPower has issued guidance for the FY and Q2 2013. Overall, it expects a slight increase in revenue and gross margin compared to 2012, and increased photovoltaic production. It additionally issued details of its global power plant pipeline, which is said to total over six GW.
2.6 MW solar plant for NY factory
Power company Constellation expects to complete a 2.6 MW solar installation at fiberglass manufacturer Owens Cornings Delmar, New York factory, by the end of the year.
SMA to focus on energy management
The photovoltaic inverter manufacturer is currently searching for new business models. The firm’s chief executive, Pierre Pascal Urbon, aims to reposition SMA as an energy management company.
US company marketing cheap panels to China
In an ironic twist to the usual direction of the global solar module market, U.S. photovoltaic panel manufacturer Solaria has broken into the Chinese market with the help of a low-cost product.
