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Finance

Hanergy Thin Film forecasts surprise 2016 H1 profit

The Chinese solar firm says that sales of its rooftop PV panels have grown by 200% in the past year, while revenues are 50% higher compared to the same six-month period in 2015.

Off-grid solar lighting could add 2m jobs to developing nations, finds Berkeley Lab

Adoption of solar-LED lighting systems in some of the world’s most impoverished nations could trigger net job boom, study shows.

Shunfeng warns of YOY 80% profit decrease

The Chinese solar power firm publishes preliminary assessment of first half finances warning of an 80% drop in group profit compared to the same period last year.

Nigeria government signs MoU with IPP consortium for 300 MW of solar power

Nigus Greenergy and Volt Renewables have signed a memorandum of understanding for the development of 300 MW of solar PV plants in the African country to be developed and commissioned next year.

Total control: billion-dollar buyout of Saft completed

The French giant has finalized the acquisition of the battery producer in a deal thought to be worth $1.1 billion, via the completion of a successful share tender.

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Meyer Burger receives another significant order for its MAiA technology

The Swiss company is continuing with its strong year, this time confirming an order from an unnamed Chinese manufacturer worth CHF 18 million for its MAiA 2.1 technology upgrade platform.

BPVA signs agreement with Iran to coordinate the development of 1 GW of solar

An eye-catching agreement was signed by the British Photovoltaic Association (BVPA) and The Renewable Energy Organisation of Iran (SUNA) last week, for the two to work together over the development of up to 1 GW of solar PV in Iran as well as a module manufacturing facility in the country.

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Kaco New Energy restructures Germany site, eyes global opportunities

The German inverter supplier to cut 80 jobs at its Neckarsulm HQ as part of restructuring process, some roles to be transferred to the firm’s U.S. and South Korean operations.

SolarWorld under pressure to find resolution to Hemlock court case

IHS Senior Research Director Ash Sharma spoke to pv magazine to give his take on the SolarWorld and Hemlock Semiconductor initial ruling last week, and how the two companies are likely to proceed from here, expecting that SolarWorld is feeling the pressure to come to an agreement quickly.

How will solar financing be affected by the attempted coup in Turkey?

An attempted coup in Turkey on Friday night made headlines worldwide and has left the country in political turmoil. The news came at the worst time for the domestic solar industry, which had been enjoying its best year so far. Will the uncertain political climate in Turkey that remains after the attempted coup affect solar progress in the country?

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