Kaco doubles global turnover
The German inverter manufacturer expects to generate EUR 200 million in revenue in 2015, almost double the figure achieved in 2014; company expects turnover to reach EUR 250 million next year.
Vivint Solar achieves modest Q3 profit
The U.S. residential solar installer’s profit of $468,000 represents a solid turnaround on Q3 2014, with installations and bookings up 25% and 15% respectively.
India: Solar to beat coal on cost by 10% in five years, says KPMG
Report by KPMG India finds that the levelized cost of solar power in India will be around 10% cheaper than coal by 2020, with PV penetration rates set to reach around 5.7%.
Trina secures $90m in financing from Wells Fargo and Barclays
The Chinese solar company has signed a $30 million credit line with Barclays Bank and a $60 million revolving loan facility with Wells Fargo to support its U.S. working capital and business operation.
ReneSola Q3 results show downstream shift beginning to bear fruit
Despite third quarter revenues coming in 1.1% below Q3 2014, the $368.2 million generated is a 37.2% increase on Q2 and is, according to the company, a result of its strategic shift to project development.
Brazil government approves 1.5 GW of new solar and wind power
Contracts granted by the government for the development of 930 MW of solar PV capacity and almost 550 MW of wind farms as part of a $1.7 billion push to upgrade the nations energy system.
LDK president & CEO resigns
LDK has been in financial trouble for years, but has provided little information as to why President & CEO Xingxue Tong is departing.
Solargiga, Motech to put 600 MW of new module capacity online in 2016
Citing growing demand, Solargiga plans to double module production through a joint venture with Motech in China.
EC removes Chint Solar and Sunny Solar from minimum price agreement
The European Commission (EC) has confirmed the removal of Chint Solar and Sunny Energy for the minimum price undertaking (MIP). The German subsidiary of Chint Solar, Astronergy, reports that its activities are not affected by the decision.
The pv magazine weekly news digest
Amid new efficiency world records, surging growth for emerging solar markets and a bullish report from IHS predicting 272.4 GW of new capacity by 2019, naysayers and doom mongers are still making their voices heard.
