Germany adds nearly 120 MW of PV capacity in June
June saw the highest amount of newly installed solar PV capacity in the country. With solar remaining far behind the government’s annual 2.5 GW target, PV subsidies will remain unchanged in August. In the first half of the year, the country installed just 513 MW of PV capacity.
Sungrow raises $400 million to beef up core solar business
The company aims to increase investment in R&D and deepen its focus on innovation in its PV inverter and energy storage lineups.
Renewables set to deliver strong results for German utility group RWE
Innogy, RWE’s soon-to-be publicly listed renwables, grid and infrastructure unit, is set to deliver the lion’s share of group revenue this year.
Ukraine exceeds 1 GW of installed renewable capacity
Solar has the biggest share in the Ukrainian renewable energy mix. By the end of 2016, the country is aiming to have more than 570 MW of PV plants installed.
18 bids for the daytime block in Chile's electricity auction
In total 84 bids were presented for the largest electricity auction to be held in Chile to date. In the block for daytime electricity supply 1,000 gigawatt-hours will be offered. Blocks for various hours and continual supply are both offered.
SolarWorld Q2 shipments, revenues rise, as legal troubles mount
SolarWorld has increased its Q2 2016 shipments 39% YoY, to 342 MW, in 2016. Revenues increased almost 30% for the quarter, to 222 million ($246 million), while achieving an EBIT profit of 20.5 ($22.7 million) million.
Istanbul’s energy paradox: shortages but no embrace of PV
Turkey’s largest city, with a population about 14 million people, could face an acute electricity shortage, confirms the Turkish energy minister. However, paradoxically, Turkey’s energy ministry has not made plans for a solar rollout. Instead, it continues to rely on coal.
TerraForm Power reveals preliminary 2015, Q1 2016 results
The yieldco’s most recent financial data shows continued losses despite a slowing of project acquisitions in Q1.
Will Iran turn to PV?
Eye-catching news regarding solar PV in Iran is coming thick and fast, which is piquing the interest of investors in the Iranian energy market. But how realistic is Irans anticipated solar PV renaissance?
Mass industrial electricity price may continue to decline in China
In order to stimulate economic growth, the basic electricity price for mass industrial users may contentiously drop, even after several rounds of reduction.
