REC Solar posts fourth-quarter pre-tax profit of $13.7 million
Improving market conditions and cost reductions have boosted the newly independent REC Solar’s bottom line.
Consolidation grips solar EPC sector
Changing market dynamics and shrinking state incentive programs led to larger players grabbing a bigger share of the EPC pie last year while medium-sized integrators struggled with the increasing burden of cost.
Solar manufacturing equipment sales lag the boom
US semiconductor giant Applied Materials has reported more gloomy news from its solar division. With a manufacturing overcapacity worldwide, PV companies are not investing in plant, says Applied.
Tesla could drive energy storage price revolution
Plans for the Tesla Gigafactory to manufacture as many lith-ion battery packs as the rest of the world produces have caught the energy storage industry’s attention. The resulting economies of scale could affect customers far beyond EV drivers.
Greece awaits ‘new deal’ after adding 1 GW of solar in 2013
Greece’s Environment Ministry is set to introduce new measures in the hopes of reaching a long-term solution, including FIT cuts and loan extensions. Consumers, however, face still more RES fee hikes.
SunPower signs three-year new home deal
US manufacturer SunPower will supply household systems for Meritage Homes over the next three years. Meritage says that should amount to more than 2,000 rooftop systems.
Solar leads pack in new US generation capacity
Solar led the charge of renewables which accounted for over 99% of new electrical generation capacity installed in the US last month. But despite providing 287 MW of the 324 MW added in January, solar still represents only 0.7% of America’s total electricity generation mix.
ReneSola expands solar presence in Japan and UK
The Chinese company has provided 13 MW of modules to a U.K. solar park and announced it is to begin producing solar panels in Japan.
Netherlands reached 665 MW of cumulative PV capacity in 2013
Figures released by the country’s Ministry of Infrastructure and Environment reveal that Amsterdam leads the way, with more than 16 MW of solar power installed.
Japanese FIT set to fall
A solar analyst predicts the world’s most generous FIT will be cut by 14% from April. A committee of experts has revised down its estimate of operation and maintenance costs for solar.
