Trina Solar revises Q1 results down
When solar manufacturers update their financials at the moment it is rarely to bring good news and Trina Solar was no exception as it updated its Q1 performance today.
Spire posts Q1 loss of $2.6 million, 57% drop in sales
Reflecting the manufacturing slowdown in the global PV market, U.S. solar group Spire Corporation has posted a 57% drop in its first quarter revenue to $3.2 million.
MEMC positive on solar outlook
Although polysilicon manufacturer MEMC’s first quarter results paint a picture familiar for companies with solar as part of their offering, the drag of photovoltaics on the balance sheet was not a severe as has been seen elsewhere.
Yingli lands 220 MW module order
Solar module manufacturer Yingli Green Energy has cemented its relationship with the state-owned China Power Investment Corporation by signing a deal to supply 220 MW of its modules to the Chinese government-owned power company.
Thin film loophole to be closed in India
A loophole in the commissioning of solar projects under India’s Jawaharlal Nehru National Solar Mission (NSM) which allowed developers to bypass domestic content requirements is set to be closed.
ABB demonstrates solar credentials in Japan
Swiss engineering conglomerate ABB has joined the race for a slice of the lucrative Japanese solar market by demonstrating its solar muscle with a PV installation on one of its factories in the country.
Centrosolar sees Q1 revenue drop 46% as domestic market worsens
Centrosolar Group AG’s preliminary first quarter results reflected both a sharp decrease in the sale of PV modules and the general downturn in the German PV market.
Phoenix Solar posts Q1 net loss of 5.8 million as its shifts focus to Asia, US
German PV group Phoenix Solar saw its net loss grow from 1.2 million to 5.8 million in the first quarter of the year as revenue declined 19.4% to 30.6 million from January to March.
SolarWorld to meet creditors, discuss restructuring
Troubled solar panel maker SolarWorld will host creditors next month at two separate meetings with the goal of appointing creditor representatives and outlining its efforts to restructure.
Bosch solar exit official; 3,000 jobs at stake
After months of speculation, Bosch has today confirmed it will exit the crystalline solar sector. As of 2014, the German company will cease production of its photovoltaic ingots, wafers and cells. It will also “quickly” sell its solar business units, including its majority stake in aleo. Decreasing prices has been blamed for the decision. Up to 3,000 employees will be affected, tells pv magazine.
