ReneSola back in black as shipments grow 15%
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.
Suntech buys up 30% of US storage company Powin Energy, wins best-in-class panel rating
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.
Indian government pushes states to ultra-mega projects
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.
SolarCity: Q2 losses double as installations and revenue soar
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.
First Solar eyes Pakistan
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.
Indian government considers introducing FIT
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.
pv magazine's weekly news roundup
A quick look back at the biggest solar news stories that have grabbed our attention over these past seven days.
Smart money against hitting EU target
The EU is on track to fall short of its target of having smart meters in 80% of households by 2020. Member states have committed more than $60 billion to the smart meter roll out.
SunEdison shows strong growth in Q2 2014, supported by yieldco launch
The solar developer’s revenue grew 62% year-over-year in Q2 2014, and SunEdison ended the quarter with 475 MW of projects under construction. More importantly, the company held its yieldco IPO in July, as it moves towards a model of holding projects instead of selling them.
Enphase Energy cuts second-quarter loss, posts record revenue
Strong demand from the core domestic market as well as from overseas helped boost sales at the California solar microinverter systems manufacturer.
