Egyptian investment bank to support renewable energy development
With its economy improving and energy demand growing, Egypt’s renewable energy sector is attracting increasing attention from local and foreign investors with ambitious plans.
China Sunergy publishes delayed Q2 results, reports revenue increase
The Chinese manufacturer reports good business in Europe and Asia, thanks to its global manufacturing base and sales network, and strong sequential shipment growth in the second quarter.
JinkoSolar 2014 net profit soars, Q4 earnings up 50%
Falling oil prices won’t affect PV growth, says CEO Kangping Chen, who points out that “mounting concern over the environment has been one of the driving factors behind increased solar demand in many key markets, China in particular.”
Indian state utility NTPC given green light for 15 GW solar plan
Government approves utility’s proposal, which would see three separate tranches rolled out in 3 GW, 5 GW and 7 GW segments.
First Solar Q4 earnings more than double, ahead of red ink in Q1
Thanks to the completion of several large-scale projects at the end of last year, leading thin-film module maker First Solar saw fourth-quarter earnings more than double to $1.89 per share compared with the third quarter on 13% higher net sales totaling just over $1 billion.
REC post $180m in Q4 revenue, extends US supply deal with Sunrun
The Norwegian solar group saw stronger sales in Europe and the U.S., which boosted module sales by 18.5% over the previous quarter. The company also extended its existing supply deal Stateside with residential solar group Sunrun.
SMA's 1 MW central inverter lands in Asia
Device has been developed for PV projects that are planned in 1 MW generation blocks and will form part of SMA’s Medium Voltage Power Station.
IEA report examines ways to lower PV cost barriers in emerging regions
The Innovative Business Models and Financing Mechanisms for PV Deployment in Emerging Regions assesses the pros and cons of six different types of funding methods.
Enel Green Power posts 11.1% revenue growth driven by US and Latam markets
The Italian renewable energy developer achieved revenues of $3.3bn in 2014 following strong performance in U.S. and Latin America.
Advanced Energy posts 27.9% Q4 inverter revenue decrease
The US power conversion technology company enjoyed increased revenues overall but cited pricing pressures and poor European performance for its suppressed inverter sales.
