SMA sees revenue drop nearly 50% in Q1
Germanys SMA Solar Technology reported a 47.6% drop in sales to 212.3 million in the first three months of the year as the company struggled with subsidy cuts in major markets, the still unresolved debt crisis and the possibility of punitive duties on Chinese modules in Europe.
Chinas Hanergy acquires UK-based Engensa
Hanergy has acquired U.K. solar installation firm Engensa for an undisclosed sum. The China-based thin film photovoltaic cell and module manufacturer is looking to expand its presence in the countrys residential solar market.
SunPower issues positive 2013 guidance
SunPower has issued guidance for the FY and Q2 2013. Overall, it expects a slight increase in revenue and gross margin compared to 2012, and increased photovoltaic production. It additionally issued details of its global power plant pipeline, which is said to total over six GW.
Suntech reaches deal with bondholders
Suntech Power Holdings Co., Ltd. announced on Wednesday that it had agreed on a new forbearance deal with the majority of holders of its convertible notes.
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.
