SolarWorld targeting 2016 revenues of >EUR1 billion, shipments >1.4 GW
On the back of a successful 2015, which saw revenues and shipments exceeding forecasts by 33%, SolarWorld says it expects to see another increase of more than 20% in both areas in 2016. Although a positive 2015 EBIT was not achieved, as anticipated, it hopes for double digit gains this year.
EU confirms Trinas MIP exit
The European Commission has officially confirmed Trina Solars exit from the Minimum Import Price (MIP), announced in December. This now brings to seven, the total number of Chinese companies that have withdrawn from the undertaking.
New deal could end Hareons $90 million lawsuit woes
Hareon Solar has entered into a tripartite agreement with United PV and a Hong Kong investment fund, under which United PVs around US$90 million claim against Hareon will be transferred to the new investor. The deal, if it goes ahead, could secure Hareons survival, and its continued listing on the Shanghai Stock Exchange.
Germany: Solar installs just 1.37 GW in 2015
2015 saw declining solar PV activity in Germany once again, with under 1.5 GW installed throughout the year. In December, the Federal Network Agency registered just under 145 MW of new capacity. Meanwhile, four ground-mounted systems have been realized to date under the countrys PV tender.
India: Domestic content compromise proposed, WTO ruling postponed
The Indian Government has proposed a compromise to end the dispute with the World Trade Organization (WTO) over its domestic content requirement (DCR) for solar modules. A final ruling from the WTO was expected on Friday, however an official has confirmed to pv magazine this was postponed.
Sonnen announces partnerships for a more full energy storage offering
Concurrent with the opening of the companys new U.S. headquarters in Los Angeles, battery storage integrator Sonnen has partnered with PetersenDean, SolarWorld and Spruce Finance.
SMA forecasts 'considerable earnings increase' in 2016
The German inverter maker is banking on booming business from the digitization of the energy sector and predicts up to a fourfold increase in operating profit in 2016. The company is presenting the upbeat outlook to analysts and investors today at its Capital Markets Day event.
China Sunergy boosts revenue, narrows loss in third quarter
The PV manufacturer has seen a sharp increase in sales of its self-branded solar cells and modules. The company’s business in China accounted for 52% of its total revenue.
sonnen partners with SolarWorld, expands US presence
In addition to teaming with the leading PV manufacturer, the German company is also developing financing for residential storgage solutions in the States and has opened new headquarters in Los Angeles.
IFC finances Canadian Solar Vietnam, Brazil fab projects to tune of $70m
The Chinese solar company has received a financing package of $70 million to support its expansion plans in Vietnam, the company has confirmed.
