Finance

The leading inverter manufacturer is lowering its annual sales forecast by up to EUR 450 million and planning to cut 600 jobs worldwide by the end of next year amidst shrinking demand.

Although PV installations in Germany produce less electricity than onshore wind installations, they generate “significantly higher profits,” according to a new report by the Fraunhofer Institute.

CEO Tom Werner says SunPower’s ownership strategy provides it with a return on investment from its technology while reducing the risk to potential buyers if it later sells the plant.

SolarWorld AG’s preliminary business results for the first half of 2014 also reveal solid growth in module sales but below-par sales of complete systems.

SBC wants to develop a $93m scheme on the Welsh island and is launching a four-week public consultation. UK developers have been emboldened by the recent High Court defeat for the government’s attempt to block solar farms.

The European Parliament debated a strategy which calls for more renewable generation alongside more fossil fuels and nuclear. Ukraine conflict is bringing energy security sharply into focus.

While Europe remains the company’s No. 1 market, it sees great potential in the U.S., where it recently signed a major supply deal with leading solar provider SolarCity.

The German group is bundling its operations in the state of Saxony to create a centralized production chain in Freiberg, which is celebrating 20 years of solar production next month.

Boosted by the acquistion of Suntech, the Chinese group is looking to expand operations in the U.S. and Asia and has slated $74 million for investment in 100 MW of projects in Japan.

Satisfactory resolution of the company’s annual general meeting 2014 culminates in the announcement of a 50 MW solar module delivery order.