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Finance

Manz posts record revenues despite sector contraction

The German plant manufacturer posts €266.2 million revenues for 2013, driven by growth in the display and semiconductor sectors. CEO calls for active industry PV policy in Germany.

SolarWorld narrows losses, but return to profit in 2014 doubtful

Following a complete financial restructuring in 2013 the company managed to stem its losses, eyeing reinvigorated revenues this year.

Philippines set to unveil 22 MW solar facility

The Philippines is about to unveil its first major solar facility that feeds into the power grid.

Greece amends retroactive FIT cuts; leaves solar PV sector divided

MPs to vote on amended PV bill over the weekend as Greek solar agencies squabble over industry’s future.

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SMA suffers 36% sales drop in 2013

Despite retaining its position as the world’s leading inverter company with 5.4 GW sold, SMA suffered a sales horror-show last year in the wake of European PV contraction.

RENA begins self-administration insolvency

The German chemicals specialist has begun insolvency proceedings after failing to settle the debts of its subsidiary, SH+E.

Komax sells off part of its solar business

The Swiss technology company yesterday announced that its Chinese partner Yingkou Jinchen will acquire 51% of its solar stake.

NRG acquires Roof Diagnostics Solar

NRG Energy has bought Roof Diagnostics Solar (RDS) for an undisclosed amount.

NEC snaps up grid-scale battery business

The Japanese company has purchased A123 Energy Solutions from China’s Wanxiang Group for a reported $100 million.

Module reliability more important than cost, say solar customers

Survey by IHS reveals 99% of respondents believe reliability to be the most important module feature, beating out high quality and low price.

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