Yingli losses push past $50m in Q3
The Chinese solar company cites weak demand in China and module oversupply for lower revenues, profit and margin; will pivot towards higher efficiency sales in 2017.
Finland’s first solar power investment fund set up by Evli and Nordic Shine
Finnish Evli Bank has become the majority shareholder in Finnish solar company Nordic Shine, as the two companies combine to create the country’s first ever solar investment fund, to expand the possibilities of distributed solar within the country.
Global inverter shipments to contract 5% in 2017 before steady recovery, says GTM Research
Consolidation of top 10 suppliers continues as Chinese inverter firms Huawei and Sungrow top shipment chart, while SMA’s U.S. strength sees it cling on to top spot for revenue, report shows.
Tesla/SolarCity starts aggressive hiring process at Buffalo gigafactory
Despite some early setbacks, the combined companies are looking for 34 positions — out of an expected 1,400 jobs — to staff their new facility.
Tata Power Solar becomes second Indian module manufacturer to achieve Tier 1 status
Bloomberg New Energy Finance now considers the Indian solar company a Tier 1 operator, becoming only the second in the country after Vikram Solar to earn the accolade.
Google to source 100% of its power from renewables in 2017
The tech giant says that next year all of its offices as well as its data centers will be powered by renewables. The company has signed 20 PPAs to date for a total of 2.6 GW.
Bluefield Solar acquires five UK solar plants
The solar investment fund has paid GBP 22.7 million for five sub-5 MW solar PV plants in England and Wales that are due to become operational before March 31, 2017.
100% renewable energy system cheapest for South America
Transitioning to a fully renewable energy system, with over 50% coming from solar PV, would be the cheapest option for South America and it is possible in the next 15 years, according to research conducted by the Lappeenranta University of Technology.
Indian solar imports grew 47% in first half of FY 2016, finds Mercom Capital
Close to $1bn of solar modules and cells imported into India in the first six months of the financial year, while exports rose 12% to reach $52 million, finds latest analysis by Mercom Capital Group.
NEXTracker unveils tracker plus storage solution
The first such product of its type, the NX Fusion Plus comprises a solar tracker, battery and inverter designed to increase energy output and performance duration of solar power plants.
