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.
New Jersey expands limit on net metered solar while Nevada keeps cap
Wednesday saw decisions on the solar policy in at least two U.S. states, with New Jersey’s governor signing a bill significantly expanding its official cap and Nevada regulators declining a request to do so without a legislative change.
SolarCity completes its fourth securitization
SolarCity has closed on the sale of $123 million in bonds backed by a portfolio of its solar assets. This is the company’s fourth successful securitization, and it remains the only company to complete one.
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.
Brazil: Concrete auction details emerge
Brazil has announced that it will contract 2-3 GW of solar projects via auctions in the period of 2015 to 2018 as part of its national electricity generation and transmission plan. Meanwhile utility Cemig looks to developing domestic module production.
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.
Hanwha Q Cells announces 78.6 MW solar deals in India, Philippines
Korean solar firm will create joint venture with India’s Azure Power for creation of 50 MW solar plant in Andhra Pradesh, also announces involvement on 28.6 MW PV project in the Philippines.
Construction of world's first modular large-scale storage system begins
E.ON and SMA to lead on 5 MW modular battery system, funded by the German Federal Ministry for Economic Affairs and located at Aachen University in Germany.
LG plans to develop next-generation EV batteries
3M and South Korean LG Chem have signed a patent deal for the continued development of NCM (nickel, cobalt, manganese) lithium-ion batteries. LG Chem hopes to develop improved electric car batteries with the acquired patent knowledge.
US: Installed prices continue rapid descent
For the fifth consecutive year, distributed PV system prices fell in the U.S. This time round, solar “soft” costs have contributed largely to the price reductions. Due to variability in factors, there is also no single price that characterizes the U.S. market.
