Goldpoly, Clenergy, CGN expand domestic activity in China
Goldpoly New Energy Holding Ltd. has joined the 100 MW club by bringing online two PV projects totaling 110 MW this month in Gansu and Fujian, while Clenergy and CGN are partnering on 118 MW projects in Yunnan.
SMA braces for hefty drop in revenue
Executives at German inverter manufacturer SMA have said that second quarter revenue will likely fall from 429 million a year ago to between 240 million and 280 million. The company continues to grapple with decreased demand, price drops and a general decline in business.
Intersolar Europe: no boom but surpassing expectations
Attendees at Intersolar Europe in Munich were upbeat on the final day trade show and praised the quality of this years event and the large crowds of visitors the decline in exhibitors. Uncertainty over EU tariffs remained palpable in the exhibition halls, however, with leading Chinese manufactures reportedly cutting production by as much as 50%.
First Solar makes $427.7 million from capital increase
First Solar has earned some $427.7 million following a capital increase in which it offered 9,747,000 shares of its common stock. It will use the fresh capital for acquisitions and expansion into new territories.
Intersolar Europe: tariffs to hit hard as questionable strategies emerge
Chinese companies are employing strategies to circumvent anti-dumping tariffs, such as exporting products to Croatia, according to industry sources at Intersolar Europe.
Lithuanian solar investors sue government over FIT cuts
Solar developers in Lithuania are up in arms after the government slashed country’s photovoltaic feed-in tariffs and are taking legal action in the hopes that the once generous rates are restored.
Analysis: First Solar raising cash at opportune time
Goetz Fischbeck, executive director of Equity Research at Bankhaus Lampe, discusses First Solar’s capital increase, the company’s strategy and potential growth possibilites, particularly in China.
Belectric extends credit line
Germany’s Belectric has managed to increase its credit facility by 30%, which will allow it to better respond to new growth markets.
SolarWorld possibly saved by Qatar-based subsidiary
Qatar Solar Technologies looks set to rescue SolarWorld with a 35 million investment, making it a 30% shareholder in the financially troubled German company.
Siemens to close down its solar division
Siemens will shut down its solar division after failing to find a buyer for the unit, which has been on the block since October.
