SMA cost cuts take effect in solid H1 financial results
First half sales increase year-on-year by 26% to reach EUR 429.3 million as operating losses narrow over the second quarter, company transformation progressing as planned.
China needs 200 GW of solar by 2020, say industry groups
Country urged to double solar power goal in order to plug projected nuclear and hydropower shortfalls; currency devaluation could provide boon for solar exports but harm EU.
Vivint Solar Q2 profit hits $13.7 million
Second quarter financials for U.S. solar leasing company reveal installation increase of 78% year-over-year, driving a 146% increase in revenue.
Australia announces tame 2030 emissions reduction target of 26%
The goal, based on 2005 levels of carbon emissions, will be taken to the United Nations climate change meeting in Paris in December; climate campaigners call the target ‘pathetically low’.
Ingeteam receives EUR 55M EIB grant for renewables R&D
The Spain-based inverter manufacturer will use the funds from the European Investment Bank to develop its research, development and innovation activities at the company’s Spanish facilities.
Indian solar to hit 75 GW by 2022, says report
Analysis by Institute for Energy Economics and Financial Analysis suggests the country will fall short of its ambitious goal of 100 GW by that date, despite $50 billion grid upgrade and raft of installations.
Enphase Energy Q2 shipments up 48% YOY
U.S. module level power company ships record 195 MW in second quarter, revenue up 25% year-over-year, reaching $102.1 million.
UK: Big60Million and Foresight Solar Fund close bond on 34 MW community PV
Joint venture between solar investor Foresight and community-benefit energy company Big60Million brings community and institutional finance together in the ongoing pursuit of greater solar deployment.
Ideal Power Q2 revenue surpasses expectations
The U.S power conversion company generated revenue of $1.2 million in Q2 following announcement of partnership with Germany’s Kaco. Losses posted at $2.3 million.
SolarCity expands into Mexico with $15m purchase of Ilioss
Acquisition marks first time the U.S. solar company has expanded internationally, sees Mexican market as exciting and ideal location for extension of its financing model.
