Phoenix Solar cuts profit target
The cancelation of a major PV project in Asia has forced the German company to lower its earnings forecast. Nevertheless, Phoenix Solar’s free order backlog far exceeds 2014 levels.
Utility-scale battery storage to reach 12 GW, $8.44 billion by 2024
Utility-scale grid connected battery storage is set to reach up to 12 GW by 2024, while annual revenues will grow to around US$8.44 billion. The U.S. will be a leader, followed by China, Japan and Germany. Despite an overall positive outlook, there are significant market challenges to overcome. These are the findings of a new report by Frost & Sullivan.
The pv magazine weekly news digest
Events at the Solar Power International exhibition in California complement a busy week for the U.S. solar industry, while Dubai’s grand plans and Trinas new business strategy also turns PV heads.
Silicor raises US$105 million to support UMG polysilicon in Iceland
Silicor is planning to build the world’s largest upgraded metallurgical-grade (UMG) polysilicon plant in Iceland, but still must raise more funding before starting construction.
India: ABB secures $18 million in solar-related orders
The Swiss engineering giant’s biggest project is Adani Group’s 648 MW PV plant in the southeastern Indian state of Tamil Nadu. Earlier this year ABB became the first company in the country to deliver solar inverters with a cumulative capacity of 2 GW.
Genscape buys Locus Energy
With the addition of the PV monitoring and data analytics company, Genscape — part of the Daily Mail and General Trust plc conglomerate — will expand its operations into the burgeoning solar sector.
Genscape buys Locus Energy
With the addition of the PV monitoring and data analytics company, Genscape — part of the Daily Mail and General Trust plc conglomerate — will expand its operations into the burgeoning solar sector.
PowerFin, CPS Energy launch rooftop solar program in San Antonio
The program makes participation in solar energy more accessible, affordable and available to a much broader base of the Texas city’s residential and business setor, according to the companies.
Intersolar launches Middle East event
Intersolar has said it will hold its first Middle East event next year in conjunction with GulfSol. Like its international counterparts, Intersolar Middle East will feature a conference and exhibition.
California: EPRI, SunEdison partner on net-zero energy home pilot project
The program will be crucial in evaluating how net-zero energy homes that generate and store their own energy impact the local electricity grid. California is aiming to have all new homes net-zero starting in 2020, and all new commercial buildings by 2030.
