Indian power giant proposes 4 GW solar goal
Neyveli Lignite Corporation (NLC), which relies on lignite and coal to deliver power to India, has ventured into the world of solar PV; 10 MW array first step towards 4 GW installation goal, chairman says.
Hanergy deputy chairman resigns, founder blames short sellers for stock collapse
The founder of Hanergy Thin Film Li Hejun has blamed short sellers for the dramatic decline of his company’s share price. Li made the remarks at an event marking the anniversary of Hanergy’s founding. The company has also announced today that company deputy chairman Liu Min has resigned.
US: Utility-scale solar averaging five cents/kWh, study finds
Report by Lawrence Berkeley National Laboratory finds that utility-scale solar project developers negotiate average PPAs of just five cents per kWh, an all-time low figure; 30% ITC helps lower costs.
SolarCity maintains grip on US residential solar, says GTM report
GTM Research’s U.S. PV Leaderboard finds SolarCity installed 34% of all residential array in the first half of the year, followed by Vivint at 12%; SolarCity also cornered 34% of the market in 2014.
Heraeus adds No. 610 paste to Giga Sola lawsuit
German metallization paste supplier Heraeus has added the No. 610 Giga Solar paste to its patent infringement case. Previously pastes including No. 590, 590A and 600 were included in the lawsuit.
Yingli proposes restructuring of payment on US$157 million in bonds
Yingli is selling land to make payments on bonds due in early October, and is in negotiation with creditors. This restructuring is the latest indication of poor financial health at the company.
Joint Sunpower/First Solar yieldco reports solid quarterly results
In its first quarterly results since becoming a public company, 8point3 reported strong results, in contrast to the poor stock performance for yieldcos across the board.
Amazon secures approval for 80 MW Virginia solar farm
Amazon Solar Farm U.S. East receives permit from Virginia Department of Environmental Quality; 80 MW installation to be located across 900 acres in the state’s Accomack County.
SMA revises 2015 sales upwards, anticipates loss reversal
German PV power electronics giant SMA has revised up its 2015 full-year sales forecast up by EUR 50 million ($56 million). The company predicts it will break even (EBIT) or book a EUR 10 million profit for the year.
Belectric OPV completes world's largest organic BIPV array in Africa
The German OPV producer develops energy-generating solar shade sail for the new Peace and Security building of the African Union in Addis Ababa, Ethiopia. Installation is largest BIOPV project in the world.
