Enphase Q2 micro-inverter revenue falls despite demand ‘rebound’
Coming off a strong, profitable first quarter, Enphase sees the second-quarter results of Covid-19 in compressed revenue and a swing to a loss. Gross margins remain strong.
REC Silicon sells off last remnants of Moses Lake polysilicon
The Norwegian company mothballed its Washington State facility more than a year ago and is now reliant on semiconductor-grade poly and silane gas produced at its fab in Butte, Montana – a facility for which the business says it has received plenty of interest from potential purchasers.
English councils tender for solar car parks and storage
Two local authorities on the English south coast are tendering for up to 250 kW of solar generation capacity and at least 300 kWh of energy storage under an arrangement which should not cost the cash-strapped councils a penny.
Chinese PV Industry Brief: PV glass supply deals, bonds to finance solar incentives
Two solar glass makers kicked off the week with new deals and solid earnings reports while the Chinese government revealed it may issue bonds to fund clean energy incentives.
CPV panels for agrivoltaics
Swiss startup Insolight has raised €4.6 million to bring its concentrating PV module technology to commercial production. The panels have a claimed efficiency of 30% and power output of 160 W. Originally conceived for rootop solar, the product is now being recommended as an interesting option for agrivoltaic projects.
SolarEdge up 12% after hours on second-quarter revenue and solid earnings – despite Covid-19
The inverter and energy storage company was able to maintain its streak of profitable quarters in what was expected to be a hard period for solar and the Israeli business said it sees “signs of recovery in the U.S.”
Chinese solar glass company keeps 24-hour furnaces running during Covid crisis
Xinyi Solar has revealed another impressive set of figures and plans another 1,000-ton-per-day production line this month plus a new mine to source raw materials in September.
Former Panda Green finance chief backtracks on backdated paperwork interview
Li Hong, former chief finance officer of the now-state-owned Chinese solar developer has reportedly told Panda Green the information he gave KPMG investigators about $146 million of missing project rights payments ‘may not be accurate.’ He has refused to be interviewed again by the investigators.
Deloitte abandons Chinese solar company SFCE because of going-concern fears
The auditor cited the threat posed to the debt saddled business as the reason for resigning its role, effective from today.
India confirms one-year extension of solar cell import duty
The ‘safeguard’ duty will be levied on Chinese, Vietnamese and Thai solar cells – whether assembled into modules or not – at 14.9% from today and falling to 14.5% in six months’ time. Malaysian products are exempted as their imports have fallen dramatically since the duty was introduced, in July 2018.
