REC Silicon sees 38% sales increase in Q3
Leading polysilicon producer REC Silicon posted revenue of $75.5 million in the third quarter – 23% above the previous quarter. REC saw a 38.2% increase in sales volume, despite polysilicon production for the quarter coming in slightly below guidance.
BBOXX finalizes $5 million finance deal
Up to 150,000 Rwandans will be given access to electricity by next generation utility BBOXX, after it successfully closed the deal on a $5 million facility with Deutsch Asset Management’s essential Capital Consortium.
First Solar knocks it out of the park in Q3
The thin-film maker topped $1 billion in quarterly revenue with impressive profitability and a strong war chest as it continues its retooling for Series 6.
Conventional Energy seeks Renewable Energy in India: Coal India launches 200 MW solar tender
Solar Energy Corporation India (SECI), on behalf of Coal India limited (CIL) has invited bids for two 100 MW solar power plants. The government authority will clarify the bidding requirement in a meeting to be held on November 13 in Kolkata.
UK: Industry bodies respond to Cost of Energy review
An independent review into the cost of energy across the UK supply was published earlier this week. The review has seen a mixed response from the renewables segment, and has been criticized by industry bodies for failing to recognize the opportunities presented by a decentralized energy system focused on renewables.
SolarPower Europe: Global solar market to reach 100 GW in 2017
The latest market analysis from industry body SolarPower Europe predicts that global PV demand will reach the 100-gigawatt mark for the first time in 2017.
Wacker Chemie raises 2017 expectations to €1 billion EBITDA
German chemical supplier has raised its financial outlook for the year for the second time in three months, on the back of a strong third quarter. The company is now forecasting a full year EBITDA (earnings before interest, tax, depreciation and amortization) of €1 billion.
Foresight Solar Fund to issue new share placement
UK based PV project investor the Foresight Solar Fund has announced plans more than GBP 75 million ($99 million) in investments through the placement of new shares.
BNEF shines light on China’s solar curtailment problem
Approximately 56.2 TWh of solar and wind generation was curtailed in China last year, underscoring how excessive investment and an oversupply of electricity pose an ongoing threat to renewables development, according to newly released research.
Tesla/SolarCity plans $340 million securitization of distributed solar
The latest bundling of solar leases and PPAs by the company that pioneered the practice is not small one.
