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Finance

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.

ReneSola’s 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 country’s 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.

SkyPower: from creditor protection to global force

Canadian developer’s CEO says two more GW-scale deals imminent. Kerry Adler says deals in Middle East and Africa will be signed within two months.

11+ GW of rooftop potential in NYC

New solar rooftop mapping tool has assessed more than one million rooftops in the five boroughs. Mapdwell system offers community funding model and link to nearby installers.

The pv magazine weekly news digest

90s nostalgia afflicts solar as utilities clutch at straws in the US, the EU hurls penalties at impervious Chinese glass makers and digest regular Frank Asbeck prepares to count the dollars.

China Sunergy's 260 MW deal to supply modules to the state

Latest move to shore up domestic solar industry sees state-owned company sign purchase agreement. 12-month supply deal backdated to start last month.

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