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Finance

US smart grid firm betting on Australia

MicroPlanet emphasized its various attempts to break the Australian market in trading update. According to the figures, no sales were registered in Q3.

The pv magazine weekly digest

Trina rules the world, oil is cheap as chips, Germany retreats from solar and Abengoa switches on 250 MW. It’s all here with all the week’s solar news in one handy article.

UK: subsidy-free solar to soar by 2020, report finds

Relentless cost reductions will allow solar to prosper in the UK without support schemes as early as 2020, finds a report from think-do tank Thema1.

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ReneSola's shipments fall, margins increase

Chinese PV manufacturer ReneSola has seen its module and wafer shipments fall in Q3 2014 on both annual (YOY) and quarterly basis. It did, however, manage to increase its gross margin for the quarter to 15.3%.

Trina boosts sales, profit in third quarter

Trina Chairman and CEO Jifan Gao says the company continued to meet or exceed financial and performance targets despite foreign exchange fluctuations and weaker demand in Europe.

Yingli posts drop in third-quarter revenue, narrows net loss

The Chinese PV group continued to see strong demand for modules from China and Japan as well as from emerging markets, which increased by some 17% quarter over quarter.

Tesla looking to build battery fab in Germany, in talks to partner with BMW

In an interview with Germany’s Der Spiegel, Elon Musk called for a greater commitment to battery development from German automakers, arguing that large-scale battery production would lead to lower prices for electric cars.

Hanwha SolarOne achieves record third-quarter shipments while redudcing net loss

Hanwha SolarOne on Friday reported record third-quarter shipments and an increase in revenue despite lower overall prices. While the Shanghai-based PV manufacturer remained in the red, it nevertheless managed to cut its loss by 49% year on year.

Chinese-owned Elkem to buy REC Solar

Bluestar Elkem, a division of the state-owned China National Chemical Corporation, has made an offer to buy the Norwegian PV module manufacturer for $640 million in a move that could secure a European beachhead for a major Chinese player.

Amtech lands order for PV manufacturing equipment

PV manufacturing equipment, including PECVD, will be supplied to Mission Solar Energy. News was released shortly after a mixed trading update from Amtech.

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