Hanwha SolarOne narrows second-quarter loss, improves revenue
With a strong performance in Japan and South Africa, China’s Hanwha SolarOne increased shipments, improved its revenue and cut its losses from April to June. Company executives are upbeat about the rest of the year and beyond.
REC shareholders approve $110 million convertible bond
Shareholders in the Norwegian solar company approved plans to issue a new convertible bond worth up to $110 million. The company faces a crucial vote in two weeks’ time over its plans to split off the profitable solar division from the silicon business.
Plans for 12 Russian PV plants still at negotiation stage
An Avelar Energy representative told pv magazine, plans for PV plants in three Russian regions are still at the planning stage. An Interfax report says the plants will total 120 MW of solar.
US-based solar franchise Solar Universe acquires GEN110
Solar Universe positions itself at the forefront of the U.S. solar industry with acquisition of GEN110 as part of its ongoing expansion.
Brazilian PV developers pitch for 2.7 GW
The first federal energy auction to feature solar in Brazil has prompted applications for 2.7 GW of projects. Some 1.75 GW of the applications are for projects in Bahia state.
Investment group plans £200 million UK solar investment
The Foresight Solar Fund would finance eight U.K. ground mount plants with the profits from a planned London IPO. A partner for the fund says solar offers a more attractive investment in the UK than wind.
Chinas PV dominance driven by production scale, not lower labor costs, study finds
Joint US study by the National Renewable Energy Laboratory (NREL) and the Massachusetts Institute of Technology (MIT) suggests Chinese PV advantage could be replicated globally with further innovation.
Trade actions more hyperbole than hardship
The predicted catastrophic effects of trade wars on stock prices never materialized on Wall Street. Analaysts offer a cautiously positive outlook on the industry.
Storage subsidy will energize German battery uptake
Consultancy IHS says the German government’s energy storage subsidy will do for batteries what FiTs did for PV eight years ago but interested homeowners need to move fast.
Punjab plans 700 MW-1 GW plant
The Punjab Energy Council has reportedly approved the large scale Quaid-e-Azam scheme. The solar plant project will be headed by Punjab chief minister Muhammad Shahbaz Sharif.
