Tesla officially acquires SolarCity
The largest residential solar developer is now officially part of Elon Musk’s electric vehicle and battery empire.
Brookfield, Appaloosa propose expedited buy-out of TerraForm Power, Global
The two companies say they are willing to sign a contract for TerraForm by December 6 to avoid an additional payment to bondholders under the consent solicitation.
First Solar to ramp Series 6 production in 2018, lay off 1,600 workers
The thin-film maker has announced a shift in strategy which will eliminate its Series 5, reduce 2017 output to 2.2 GW, and reduce its global workforce by 27%.
JA Solar posts steady shipment and revenue growth for Q3
The Chinese solar company increases its total shipments 10% YoY and 1% sequentially, and it was a similar story in terms of revenue, which hit $624.3 million for the quarter.
China: more than 5 GW of solar has no access to subsidy
Anhui and Henan provinces have both warned that PV plants either completed or under construction under the First Built First (FBF) principle may not be granted scale index, arousing further concern over the uncertainty of China’s PV benchmark FIT adjustment.
JinkoSolar grows Q3 revenue 39% YoY, ups 2016 guidance
The Tier-1 solar company once again posted world-leading module shipments of 1,606 MW, generating revenue of $855 million. However, both metrics were down on Q2 despite soaring against Q3 2015.
Daqo posts drop in revenue after volatile quarter for polysilicon
High-purity polysilicon manufacturer, Daqo New Energy, experienced a sequential drop in all major areas during the third quarter of the year, as average selling prices fell alongside polysilicon demand, however, the company was also able to reduce its own production costs, and believes the market has now stabilized somewhat.
Comtec Solar to add residential solar business to company portfolio
The Chinese solar manufacturer has agreed to buy a 51% stake in residential solar business, Forum (Asia), as the company begins to come good on its plans to expand into the downstream side of the industry.
Neo Solar Power Q3 revenue contracts 33.85%, losses hit $84 million
The Taiwanese solar cell producer suffers revenue slump as cell ASPs slump significantly in the third quarter due to tumbling demand. Overseas expansion expenses weigh heavy on balance sheet.
Etrion to sell 60 MW Italian solar portfolio
A joint venture of Enel Green Power and Fondo Italiano per le Infrastrutture has signed the contract to buy the 60 MW of solar projects from Etrion for a fee that could go as high as EUR 102 million, as business for the Swiss power producer seems to be strengthening after posting positive quarterly financial results.
