Canadian Solar stockpiles cash and inventory
CEO Shawn Qu says the company has hoarded cash and inventory during a seasonally slow period to reap the benefits when demand rises again. The high-profile CEO will continue to focus on downstream projects.
Recurrent Energy to develop 150 MW Texan project
The project will be the largest single-site solar project in Texas, says Recurrent. Utility Austin Energy said solar is now cost effective across 85% of the state’s electricity supply.
China targets 70 GW of solar by 2017
The country has announced plans to triple solar capacity within three years. Renewables ambitions also include a 150 GW target for wind power by 2017.
SMA posts loss increase as sales drop in first quarter
The German inverter manufacturer maintained its share of international sales at 68% while first-quarter figures were in line with forecasts.
Ukraine to reduce green tariffs for domestic solar power
Local analysts say the government’s plans may negatively affect future foreign investment in the country’s solar sector.
Sharp back in black, posts 69% boost in solar cell sales
Growing demand from Japan’s booming residential market as well as the mega-solar sector proved lucrative for the electronics giant, which achieved profitability after a hefty loss a year earlier.
China Merchants-GCL merger complete
Downstream developer China Merchants will take a 67.99% shareholding in the new company as poly maker GCL attempts to diversify its business.
First Solar establishes mounting system fab in Australia
The U.S. solar giant has called on the expertise of Australian metalworkers IXL Group in an example of the role the solar industry can play in areas hit by the decline of automotive manufacturing.
Kyocera mulls move into power supply sector
The Japanese electrical giant is considering registering as a power supplier in its domestic market. The Japanese energy market is due to be liberalized in 2016.
Victory for Obama's Clean Air Act
The US Supreme Court backed the EPA’s authority to regulate coal-fired power plants emitting smog over states to the east of them. The ruling will strengthen the EPA ahead of further carbon emission legislation expected next month.
