The U.S.-based solar equipment manufacturer will ship its IonSolar Implant system to an unnamed Chinese solar company within six months.
The sale of skytron and its Indian subsidiary is expected to improve the Netherlands-based power electronics systems provider’s operations as it focuses on its core businesses.
The Spanish group continued its global diversification in the first half of 2014, achieving 39% of its revenue from North America and 25% from South America.
The Canadian-Chinese module maker and developer grew its revenues and margins during the second quarter, with record PV module shipments of 646 MW. Canadian Solar also has a strong project pipeline going forward.
Increased revenue and an improved margin helped push the Chinese group back to profitability thanks in large part to improved global operations and successful cost reductions.
The Chinese solar producer has paid $25 million for a 30% share of Powin Energy, and could acquire a further 30% over the next two years.
Plans have emerged for the Union government of Narendra Modi to kick-start mammoth-scale projects in five states. But there has still been no indication of where the panels will come from for ultra-mega projects.
The leading U.S. solar company posted smaller than expected losses of $47.7 million in the second quarter, the figure masking a 62% revenue increase.
After breaking into Indian solar with its first project, the U.S. thin film giant has stated an ambition to enter Pakistan’s fledgling market. Pakistan has no utility scale projects on the ground yet.
Narendra Modi’s government is reportedly considering whether to introduce fixed payment incentives for solar. Any FIT would replace the country’s reverse bidding process for developers.
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