Manufacturing

Quarterly losses from the Alternative Energy division of the U.S. power company widened to $29 million year on year but solar farms did their bit for NRG’s Yield infrastructure division.

PacWest says the Brazilian government is offering it incentives to set up a CIGS production line in the country.

The Kostanz based solar manufacturer has agreed to settle two long term wafer supply deals with a one-off payment and has rescheduled its bank debts. Sunways now expects to exit insolvency.

The restructuring deal will give creditors a major stake in the company while drastically reducing the stock of existing shareholders. The move may not be enough to insure SolarWorld’s long-term prospects, says one analyst.

SunEdison reported a “solid execution” in its semiconductors segment and a continued growth in its solar project pipeline despite $102.9 million net loss in the second quarter.

Germany’s Phoenix Solar has achieved its first quarterly operating profit since 2010 while posting a half-year net loss. Now focusing on foreign markets, it generated more than 90% of its revenue from international business.

SMA posted a hefty loss as sales plunged in the first six months of 2013, but the inverter manufacturer is expanding operations abroad and hopes to benefit from the trend towards energy management and hybrid systems.

A new report examining renewable energy in the MENA region finds that “PV is experiencing rapid growth due to its tremendous potential and continuously decreasing technology costs,” with a current pipeline of 2.3 GW.

First Solar has gained major ground in thin film technology development following its deal with GE and also acquired a pipeline of solar projects in the U.S. and Mexico from Element Power despite a drop in second-quarter revenue.

A municipal council in Portugal has shut down a once ambitious solar project that would have seen production of 859 MW of annual solar panel production after the developer failed to complete the endeavor.