Canadian Solar results dip slightly during Q2, preparations for yieldco continue
Canadian Solar retained a healthy margin and profit in its latest quarterly results, and reported strong operational results, despite shipments below guidance. The company says it is progressing towards establishing a yieldco vehicle, but retains backup plans.
SunEdison forms $1 billion investment vehicle with Goldman Sachs
SunEdison has formed a US$1 billion warehouse investment vehicle with investment funds managed by Goldman Sachs. There is the possibility to expand this to $2 billion. If exercised, this would bring the renewable energy giants total warehouse platforms to $4 billion.
Trina ups FY shipping guidance on back of 'strongest ever quarter'
Trina Solar has recorded its “strongest ever” quarter, having achieved record results in Q2 2015. On the back of this, the Chinese solar company has upped its FY shipping guidance to 4.9 to 5.1 GW. It has also announced increased manufacturing capacities.
Turkish investor acquires Solarion
Turkish company, OC3 AG has acquired Solarion AG, thus marking the second time the German photovoltaic manufacturer has been successfully rescued from the brink of insolvency. Solarions Leipzig base is to be retained, as are all its employees.
More than 2 GW-AC of solar PV under construction in Chile
Chile’s Center for Renewable Energy has put out its latest report, which documents the dramatic growth of solar PV in the nation. Chile is easily the leading Latin American solar market at present, but is set for a slow-down in coming years.
16 US states consider changes to net metering
The latest report by the North Carolina Clean Energy Technology Center saw the policy being examined across the United States during the second quarter. Many states are considering changes to way distributed solar generation is valued.
Applied Materials eliminates wafer sawing and solar implant lines
Applied announced it would cut two of its solar product lines in its latest quarterly results, which caused a further bleeding of red ink in its Energy and Environmental Solutions business unit.
Euro-dollar woes hit Etrion
Weakness of the euro has hit Swiss developer’s bottom line. Etrion is looking to Japan, rather than Chile to turn around net losses.
SolarWorld bets big on U.S.
CEO Frank Asbeck’s restructuring seems to have succeeded but his company is heavily dependent on the U.S. market. $676m lawsuit could still bite resurgent German PERC manufacturer.
The pv magazine weekly news digest
Aachen and Kostanz once again take a pivotal role in world history, the Chinese make David Cameron’s job that bit easier and Hawaii and Scotland feature in the same story – you’ll only find that in pv magazine.
