SolarWorld targeting 2016 revenues of >EUR1 billion, shipments >1.4 GW
On the back of a successful 2015, which saw revenues and shipments exceeding forecasts by 33%, SolarWorld says it expects to see another increase of more than 20% in both areas in 2016. Although a positive 2015 EBIT was not achieved, as anticipated, it hopes for double digit gains this year.
New deal could end Hareons $90 million lawsuit woes
Hareon Solar has entered into a tripartite agreement with United PV and a Hong Kong investment fund, under which United PVs around US$90 million claim against Hareon will be transferred to the new investor. The deal, if it goes ahead, could secure Hareons survival, and its continued listing on the Shanghai Stock Exchange.
Germany: Solar installs just 1.37 GW in 2015
2015 saw declining solar PV activity in Germany once again, with under 1.5 GW installed throughout the year. In December, the Federal Network Agency registered just under 145 MW of new capacity. Meanwhile, four ground-mounted systems have been realized to date under the countrys PV tender.
India: Domestic content compromise proposed, WTO ruling postponed
The Indian Government has proposed a compromise to end the dispute with the World Trade Organization (WTO) over its domestic content requirement (DCR) for solar modules. A final ruling from the WTO was expected on Friday, however an official has confirmed to pv magazine this was postponed.
China Sunergy boosts revenue, narrows loss in third quarter
The PV manufacturer has seen a sharp increase in sales of its self-branded solar cells and modules. The company’s business in China accounted for 52% of its total revenue.
8point3 keeps conservative approach and beats guidance during Q4
The joint First Solar/SunPower yieldco achieved $16.3 million in cash available for distribution, above its guidance, with 131 MW-AC of projects reaching commercial completion during the quarter.
China Cinda may join Yingli's debt restructuring
The state-owned asset management company could help Yingli sell off assets.
Solar companies lose the 1st international legal ruling over Spanish feed-in tariff cuts
The companies who brought the suit must also pay around 1.2 million in legal costs and administrative expenses to the Spanish state.
Oaktree acquires Solarrus
The investment is set to bolster the leading U.S. O&M services group and provides Oaktree with a foothold in “a nascent industry with enormous growth potential.” Solarrus has also appointed a new chief executive.
Powerhive raises $20 million for off-grid development in emerging markets
The investment allows Powerhive to expand its renewable microgrid development using its propriety technology and supply affordable and reliable electricity to off-grid communities in emerging markets.
