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Finance

Wacker sees first-quarter net profit soar

A one-off windfall from a restructured solar sector deal resulted in stratospheric profits for the polysilicon giant.

Right wing sets sights on US solar

The New York Times says the Koch Brothers and fossil fuel interests are joining forces with state utilities to combat net metering and renewables targets, adding that a state-by-state campaign is being rolled out.

Hanwha Q Cells modules in 15 MW UK project

The German solar manufacturer supplied more than 58,000 modules to the Ellough project. The Suffolk project was developed by Lark Energy in March.

Solar Universe lauds HERO program

The property assessed clean energy financing option being adopted across Southern California could see 90 MW of new solar added this year. Renovate America says the program could drive 400 MW of installations by the end of 2016.

Chinese suppliers solidify module dominance, finds IHS

World’s leading makers of PV modules strengthened their position at the apex of the market last year, with Yingli Green Energy leading the way.

Sunways AG announces sale of solar inverter business

News comes just one week after an offer to purchase the inverter business was lodged, and mere days after a German court opened insolvency proceedings.

Solon ends production in Berlin and opens new office

According to IG Metall (Industrial Union of Metalworkers), the majority of the remaining 150 Solon employees will lose their jobs.

No more EPC for ABB

While the Swiss company posted an 18% drop in first-quarter net income, revenue remains steady, with four divisions on track.

UK PV sector on edge over possible policy changes

The Solar Trade Association warns that a hasty push for cheap solar would come at the cost of achieving quality in the solar farm industry. The local industry is “on tenterhooks.”

German court opens Sunways insolvency proceedings

LDK Solar’s Constance-based company has tried but failed to remain afloat for the second time in seven months.

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