Shunfeng records 66% 1H profit decline
Shunfeng International Clean Energy Limited has seen net profits dive almost 65% in 1H 2015, caused partly by decreased ASPs and increased operating expenses. Current liabilities also exceed assets by around US$439 million.
Roth & Rau renamed Meyer Burger AG
Shareholders of Roth & Rau AG have approved a proposal to rename the Hohenstein-Ernstthal facility to Meyer Burger (Germany) AG with immediate effect. Meyer Burger AG has also agreed to sell its subsidiary Roth & Rau – Ortner GmbH to HAP Holding.
Hanergy to cut 2,000 jobs under restructuring plan, posts 90% net loss
Hanergy has said it intends to cut 2,000 jobs under a restructuring plan, which also includes the introduction of five new business groups. Overall, Hanergy has seen its net earnings plummet over 90% in 1H 2015.
Swedish Midsummer granted loan for thin film R&D
Flexible thin film solar equipment developer, Midsummer has been granted a SEK10 million (US$1.21 million) grant from Almi Företagspartner for the continued development of thin film solar cell production equipment.
Crowdfunding record for solar
Sonneninvest has managed to gather more than a million Euros via crowdfunding for solar PV plants. The company’s second crowdfunding venture has already secured more than half a million Euros.
ReneSolas net revenues continue to fall on back of downstream shift
ReneSola recorded a number of Q2 2015 losses which, it says, reflects its shift from upstream to downstream activities. In the second half of the year, it plans to develop and build over 300 MW of solar PV projects and increase Q3 net revenues.
CIGS world-record holder, TSMC exits solar industry
Taiwan-based TSMC has announced it will exit the thin film industry, ceasing manufacturing activities at the end of August, due to the fact its “solar business is no longer economically sustainable.” All product warranties will be honored said the company, and all workers will receive employment offers.
Elon Musk buys more SolarCity stock following hedge fund manager short
SolarCity stock has seen a series of ups and downs in recent days, falling to its lowest level since October 2013 over the weekend. However, the stock showed a modest recovery following Musk’s move.
Exclusive: Lowest bid in second German PV tender EUR 0.01/kWh
In a response to a request from the Green Party, the German Government has said that bids for the countrys second pilot solar tender for ground-mounted PV systems are between EUR 0.01 and EUR 0.1098/kWh. They are declining to comment on the unit price or average value of the bids, however.
Market troubles hit solar stocks
Shares of publicly traded solar companies were already suffering from a faulty association with the price of oil, but the recent fall in global markets has furthered declines.
