SolarWorld Q2 shipments, revenues rise, as legal troubles mount
SolarWorld has increased its Q2 2016 shipments 39% YoY, to 342 MW, in 2016. Revenues increased almost 30% for the quarter, to 222 million ($246 million), while achieving an EBIT profit of 20.5 ($22.7 million) million.
Kyocera Applied Ceramics division hit by declining Japanese demand
Profits from the Kyocera business unit that includes its solar operations have slumped more than 50% in Q2, as a result of softening demand from the Japanese market. The company booked revenues of JPY45.6 billion ($440 million) in Q2 2016 from Applied Ceramics, a decrease of 13.2% QoQ.
Wacker locks in earnings expectations on back of strong Q2
Wacker Chemie expects EBITA to come in at the upper of its forecast in 2016, as higher Q2 sales trigger increased revenues on a YoY basis.
SolarWorld to appeal court ruling in $793 million dispute
A U.S. court has granted Hemlock’s hefty claim against the leading solar PV company, which remains confident that enforcement of the lawusuit will fail in Germany.
US: Solar under attack in leading PV states
Inducements for growing numbers of homes, businesses and schools to go solar are increasingly under assault from utilities, which see distributed clean energy generation as a threat to their business model, according to Environment America.
SolarWindow unveils electricity transportation system for solar glass
The prospect of a virtually invisible electricity transportation system within and on the surface of windows could be especially attractive to architects, designers and building occupants in tall towers and skyscrapers.
New fund targets over 1 GW of Australian renewable projects
Australian investment manager QIC has launched an AU$2 – 3 billion fund ($1.5 – $2.24 billion), through which it plans to acquire or develop more than 1 GW of large scale renewable assets. The Power Australian Renewables Fund (PARF) is the result of a partnership between QIC and utility AGL Energy Limited (AGL).
Australia: Ausgrid to slash fees, fast-track solar+storage applications
The changes will make it easier and cheaper for customers to become more energy efficient, according to the state-owned grid operator. Ausgrid supplies electricity to nearly 1.7 million customers in New South Wales.
Report: IT giants needed to push DG over the top
The distributed generation landscape is still in its early stages, with lots of players but no definitive winners, according to Lux Research. Large industrial conglomerates are and renewables-focused installers are the best positioned to accelerate the DG rollout, it adds.
Port of Los Angeles unveils $27 million solar+storage microgrid project
The Green Omni Terminal Project will be a scalable model to upgrade the 26 other terminals at the Port of Los Angeles as well as other terminals worldwide.
