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Finance

BayWa r.e. to mark expansion into South East Asia markets

BayWa r.e. announced strategic plans to expand further into South-East Asian markets, after opening offices in the region, and will mark its new endeavor with an appearance at the ASEAN Sustainable Energy Week 2016.

Capital Stage to make takeover offer for CHORUS Clean Energy

The two German companies both announced the proposed takeover offer, with some key CHORUS shareholders already committed to the merger.

Australia brown coal warriors switch to solar, disruptive technologies

Former Australian boss of GDF Suez, Tony Concannon, has now re-emerged as the chief executive of Reach Solar, while former head of Energy Australia, Richard McIndoe,has since emerged as the executive chairman of Edge Electrons.

Singulus Technologies finalizes EUR110 million deal for CIGS module production machines

After announcing the signing of precontracts with a subsidiary of China National Building Materials for the delivery of CIGS module production machines, the German company confirms that the legally-binding contracts have now been signed.

European Parliament calls for ambitious measures to encourage renewable energy use

In an effort to boost renewabl energy self-generation and consumption, the EU initiative calls for the deployment of an advanced metering infrastructure that would make smart homes and networks a reality. In addition, SolarPower Europe released a new study demonstrating the economic benefits solar can bring to residential consumers and explores how energy suppliers can create business opportunities.

JinkoSolar Q1 net profit soars as global solar demand grows

CEO Kangping Chen says China remains the group’s biggest market but stresses that its market share in the U.S. is expanding. In addition, the company sees “great opportunities in exciting emerging markets such as Chile, Thailand and India.”

The pv magazine weekly news digest

Germany again topped the news this week after government officials proposed a new tax on renewable energy consumers. In the U.S., meanwhile, solar panels are starting to become standard features in new homes, at least in South Florida.

Despite sequential drops Trina posts solid first quarter results

The world’s largest PV manufacturer Trina Solar saw drops in revenue and profits in Q1 compared with the final quarter of 2015, but the Chinese company put this down to “seasonality” and maintains that it was a good start to the year.

SNEC continues to provide a platform for solar innovation and deal making on day two

Day two of the SNEC tradeshow in Shanghai, China, and the exhibition lived up to its billing as the world’s largest solar show, with many new innovative products on show, as well as the continued presence of the Solar Superheros who continued their mission.

SolarCity: Rooftop solar generates net benefit for all Nevada utility customers

Rooftop solar generation can provide up to $14 million in annual benefits for the residents of the U.S. state of Nevada, according to a new study by SolarCity and the Natural Resources Defense Council (NRDC).

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