SolarEdge reports record revenues, healthy profit in Q1 FY 2016 results
The power electronics firm notes that cost reductions have out-paced the fall in selling prices. During the most recent quarter SolarEdge rolled out its HD Wave, which features a novel inverter architecture.
Lawsuit threatens SolarWorld liquidity
The ongoing lawsuit over polysilicon agreements between a SolarWorld subsidiary and Hemlock Semiconductor Corporation is threatening the German solar giants liquidity. The company was dealt a blow last week, when a motion to reconsider a decision on antitrust defenses was denied by a U.S. court. After shares tumbled yesterday, it issued a statement saying the decision is not a final ruling on the case. It has, however, previously acknowledged that if it must repay the US$676 million, its existence could be “threatened.”
Aqualis officially acquires stake in Adler Solar
Aqualis ASA has officially acquired a 49.9% stake in Adler Solar Services GmbH for around EUR 3 million. The aim is to draw on Aqualis infrastructure to further the internationalization of Adler.
Singulus records weak Q3 bookings, losses continue in 2015
German production equipment supplier Singulus has recorded weak sales in Q3, 2015. With order intake of only EUR 11.3 million for the quarter, the company looks likely to sustain further losses in 2015.
SunPower reports strong Q3 despite lower revenues, net loss
SunPower reported a strong quarter in its residential and commercial businesses as well as progress in projects destined for its yieldco.
Off-grid solar market worth $300 million annually
The off-grid solar market now represents US$300 million annually, with more than 13 million products having been sold to date, according to a new report. The sub-Saharan market is said to be reporting the strongest growth, followed by South Asia.
Trina announces management restructure
Trina Solar has announced changes to its regional senior management structure in Europe and Africa, in order to boost growth.
Off Grid Electric raises US$25 million to provide solar power to homes in Africa
OGE’s C round is the largest venture capital funding round for distributed energy in Africa to date. The company is currently deploying 10,000 home solar systems per month in Tanzania using a leasing model.
CHORUS secures EUR 25 million for European solar, wind investment
A week after its IPO, the leading solar and wind park operator has teamed with two German pension funds to expand its clean energy portfolio and intensify its asset management business.
Enel, F2i launch PV joint venture in Italy
The new partnership, which will include a portfolio of 210 MW of operating solar PV capacity, aims to take advantage of the consolidation currently under way in the Italian PV market.
