E.ON, Sungevity announce plans for German solar market
Germany’s E.ON has announced it will work together with U.S. start-up Sungevity in the German energy market. Details on the investment sum were not provided.
Chinese developer's $50m warchest
United PV Group will raise funds from a convertible bond issue. Hong Kong-based developer will expand its 682 MW project portfolio.
Clean energy from 'most polluted place in Israel'
Former chemical waste sink has been capped and covered with solar panels. The 37.5 MW Ne’ot Hovav project was Israel’s first large-scale, grid-connected solar project.
Amtech reports growing revenues, high expectations
U.S.-based production equipment supplier Amtech Systems has reported growing revenues and steady bookings, on a quarter-on-quarter basis, adding that its experience at last week’s SNEC provided a number of reasons for optimism. The company reports its order backlog is at the highest level in three years.
The pv magazine weekly news digest
This week it was all Tesla, Tesla, Tesla and, in other news: Tesla. Apparently Elon Musk has released some new product or other…
Etrion secures PPA for Salvador project amid volatile spot prices; records Q1 net loss
Etrion has secured a power purchase agreement (PPA) for its 70 MW Chilean PV plant. It currently sells the generated electricity on the spot market, however market prices have been “volatile” over the past few months. The company has also reported a net loss for Q1 2015.
Canadian Solar sees Q1 net revenue drop, signs $250m loan agreement
Canadian Solar has seen net revenue slightly decline in the first quarter of 2015 from Q4 2014. Its market outlook is positive, however, with predictions tier 1 PV module demand will outstrip supply during 2015. In other news, the company has signed a $250m loan agreement with a Chinese bank.
SunEdison records big Q1 net loss, announces new energy portfolio acquisition
SunEdison has recorded a Q1 2015 net loss of US$424 million, significantly down on the loss of $288 million seen in Q4 2014. Net sales have also fallen, both Q/Q and Y/Y. The company has further announced the acquisition of five new RE portfolios and two corporate platforms.
Court rejects Solar-Fabrik's self-administration insolvency plans
A court in Freiburg has rejected Solar-Fabrik’s attempts at self-administration insolvency, due to high costs. The news comes on the back of product warnings issued by the company.
Costa Rican regulator proposes solar FIT
The Central American country’s public services authority says the proposed rates of up to $0.1794 per kilowatt hour would allow PV developers to receive sufficient revenue to recover investment and a “reasonable return.”
