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.
Oil price drop could propel US solar and renewables, finds BNEF report
Despite oil’s price slump having no direct impact on solar, a second-order effect could lead to greater stimulus to the U.S. renewable sector, report finds.
SMA seeks to cut costs by $180m
German inverter manufacturer expects earnings before tax of around $850m this year. The Niestetal-based company announced this week, 1,600 jobs will go by the end of June.
Siva Power reaches $10m milestone
Californian thin film manufacturer a step nearer being ‘the least expensive solar panel manufacturer worldwide.’ The arrival of the city of Wuxi as a backer may offer a hint as to the final location of 300 MW fab.
China unveils 15 GW solar target
Government wants to treble the amount of DG, including at least 3.15 GW of rooftop solar. The 15 GW total figure would represent a 50 per cent rise on the 10 GW installed in 2014.
