SolarWorld posts Q1 net loss despite revenue increase
The German-U.S. PV manufacturer continued making net losses for the fourth quarter in a row but managed to increase shipments by 44% to 202 MW as sales rose 50% due in large part to the dynamic U.S. market.
German official: Bids for ground-mounted installations at 9-10 eurocents
Speaking at an event hosted by the German Engineering Association, Rainer Baake , state secretary at the Federal Ministry for Economic Affairs and Energy, confirmed for the first time the prices for the new pilot tenders for ground-mounted systems. Describing the transition to a tender system as a success, Baake said the time era of the feed-in tariff was over.
Meyer Burger reaches settlement agreement with GT Advanced Technologies
GTAT has agreed to recognize the company’s $35 million claim and assume ownership of equipment it had ordered before a soured deal with Apple allegedly forced it into bankruptcy.
SolarCity rolls out $1bn commercial solar rooftop fund
Expansion of SolarCity’s commercial ambitions aided by investment from Credit Suisse that will finance the installation of 300 MW of commercial solar rooftops.
Update: SPI buys stake in ZBB ahead of storage deal
As part of a supply agreement valued at between $80 million and $120 million, SPI will integrate ZBB Energy’s advanced energy storage systems in its PV solutions for solar markets around the globe. The Chinese solar developer will also invest $33.4 million in the U.S. company and could end up with a 54% stake in the company.
SunEdison, TerraForm finance 97 MW solar portfolio in UK
Backed by £84.6 million in financing from Germany’s Bayerische Landesbank, the companies closed financing for projects across the U.K. with the capacity to power 30,000 homes a year. EDF Energy entered signed a 15-year PPA for the generated energy. SunEdisons total interconnected capacity in Britain has reached 375 MW in just one year.
Andalay Solar narrows annual loss, increases revenue
The California company’s fourth-quarter bottom line was affected by module shipment delays caused by a labor dispute that slowed operations at West Coast ports last year. The company reports good progress in executing its new strategy of licensing its frame technology to top tier solar manufacturers.
German renewables pushing wholesale electricity further into negative territory
Wednesday saw German solar panels generate a record 27.7 GW of electricity. With more sunny weather predicted, that benchmark is expected to be short-lived.
SPI buys 30 MW of PV project development rights in Japan
In its second major global project agreement this week, SPI has picked up a raft of solar PV projects across four Japanese prefectures.
Record quarter for residential and commercial solar
Mercom solar financing report says expiry of US federal tax credit has driven segment to new high. UK and African off-grid projects also feature prominently in Q1 figures.
