Vivint Solar quadruples revenue, triples loss in 2014
The Utah-based company, whose net loss attributable to stockholders per share was $0.35, is expanding downstream operations and expects to install 290 to 310 MW this year.
SunEdison acquires Solar Grid Storage
The Pennsylvania-based energy storage and PV company brings its projects, pipeline and personnel to SunEdison, allowing it to now offer battery storage solutions to complement solar and wind projects worldwide.
Canadian Solar reports record-breaking year
The company announced major increases in sales and net profit last year. The recent acquisition of Recurrent Energy, meanwhile, will expand its total project pipeline to 8.5 GW. Some 2.4 GW of late-stage projects represent a revenue opportunity of at least $6 billion over the next two to three years, according to the group.
Trina boosts annual revenue, profit
The Chinese solar giant expects a 20% to 26% increase in module shipments of between 4.4 GW and 4.6 GW this year, including some 750 MW aimed at its own downstream projects.
ReneSola increases sales, narrows loss in 2014
The Chinese company continued to shift its focus to retail-oriented and commercial customers with bundled services and downstream projects last year.
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.
