First Solar to expand manufacturing capacities, but no yieldco
In its third-quarter results, First Solar announced that it will expand manufacturing capacities in Malaysia and Ohio. The company also revealed that it will not be pursuing a yieldco vehicle at this time.
NRG Energy posts 32% increase in third-quarter profit
The California Valley Solar Ranch and Ivanpah solar plant boosted operating profits for the U.S. energy company’s Renewables division. NRG’s new solar assets also included Pure Energies and Goal Zero.
Chinese joint venture fuels REC Silicon's third-quarter profit
The Washington-based Norwegian group recorded a dramatic hike in profit due to the sale of its silane based FBR-B technology to its Yulin joint venture in China. The company is also working with the U.S. government to resolve the trade dispute with China.
3.5% FIT degression announced for small-scale UK solar
UK’s Office of Gas and Electricity Markets confirms that all tariff bands below 50 kW to degress by 3.5% on January 1, 2015.
German wholesaler Energiebau files for insolvency
The Cologne District Court has ordered the opening of preliminary insolvency proceedings for the photovoltaic wholesaler. The provisional administrator is reviewing the state of the company. The management is eager to find a solution for its long-term survival.
Aside from problems with Russia, Ukraine offers top conditions for PV
Ukraine has emerged as an ambiguous destination for PV. It provides some eye-catching tariffs and boasts very good solar irradiation. If only political risks did not exist.
pv magazine: Week in review
Energy storage garnered the spotlight at SPI in Las Vegas while in the U.S., renewables continued to account for new capacity. In the Middle East, Saudis are looking increasingly at solar as the key to their future while Israel is testing its local industry with ever lower FITs. And SunEdison continued its global project hot streak. Without further ado, here is pv magazine’s week in review.
Kyocera sees sales, profit rise in first half of fiscal year
An absence of revenue from large-scale solar projects for the public and commercial sectors resulted in declining sales and profit for the Japanes congolomerate’s Applied Ceramic Products division. Japan remains the group’s main market.
SunEdison wins 150 MW of PV projects in Karnataka, India
The U.S. solar company is expanding its footprint in India, where it has made a successful bid for 150 MW of projects in the state of Karnataka. The news follows SunEdison’s recently announced plans to develop 5 GW of solar in Rajasthan.
SunPower posts 70% drop in third-quarter profit
The California company’s revenue between July and September was on par with its third-quarter result last year despite the hefty drop in profit. North America remains SunPower’s biggest market.
