SolarCity reports strong Q4 results, resumes focus on growth
The largest U.S. residential solar company installed a record 272 MW during Q4, with a record low cost of US$2.71 per watt. With ITC extension, SolarCity has changed its strategy and will continue to pursue a larger market share.
US Clean Power Plan blocked by Supreme Court
The U.S. Supreme Court has put President Barack Obamas Clean Power Plan on hold until it determines the plans legal merits, expected this summer. Despite the surprise, many are confident the decision wont affect coals continued decline in the States amid a burgeoning renewable industry.
Orix on track to meet 900 MW Japanese solar goals
Japanese finance and leasing company, Orix has said it aims to invest around US$872 million in installing 550 MW of solar in Japan in the next two years. This would take its cumulative capacity to 900 MW, thus achieving targets outlined in 2014.
India: 50 MW Maharashtra tender attracts one bidder
Interest in solar auctions continue to wane in India in the face of reduced tariffs. In Maharashtra, a major tender failed to attract enough bids and it will now be held anew.
Panasonic to suspend PV cell assembly amid declining demand
Panasonic Corp. is set to suspend operations at one of its PV cell plants for several months amid dwindling demand, Japanese news agency Kyodo reported Tuesday.
Dow Corning increases net income as sales drop
U.S. silicon technology giant Dow Corning Corp. on Friday reported a 10% increase in net income last year despite a 9% drop in sales.
REC Silicon to shut down remaining FBR polysilicon production in Washington
The polysilicon maker will also shut down silane units, and says these moves are the result of Chinese import duties on U.S. polysilicon. Falling polysilicon prices may also play a role.
Iran to pay 35% premium for solar, wind plants with domestic content
Iran will authorize 1 GW of solar and wind contracts in March and plans to put 5 GW online over the next decade.
Sharp: Surprise over Foxconn nod, Energy Solutions segment reports biggest revenue drop
Sharp has surprised many by awarding preferred negotiating rights to Taiwans Foxconn for its US$5.9 billion takeover bid, rather than the Innovation Network Corporation of Japan (INCJ). Meanwhile, the electronic giant has reported a net loss for the first three quarters of around $902.5 million, led by its Energy Solutions segment.
Toshiba reorganizing to focus on energy, storage amid major losses
Toshibas latest earnings results show catastrophic losses for the Japanese electronics conglomerate, which are forecast to hit US$6 billion for the FY 2015. Its recent accounting scandal has forced it into restructuring. More emphasis will be placed on its energy and storage businesses, despite these segments also suffering sales declines.
