Shunfeng records 66% 1H profit decline
Shunfeng International Clean Energy Limited has seen net profits dive almost 65% in 1H 2015, caused partly by decreased ASPs and increased operating expenses. Current liabilities also exceed assets by around US$439 million.
Roth & Rau renamed Meyer Burger AG
Shareholders of Roth & Rau AG have approved a proposal to rename the Hohenstein-Ernstthal facility to Meyer Burger (Germany) AG with immediate effect. Meyer Burger AG has also agreed to sell its subsidiary Roth & Rau – Ortner GmbH to HAP Holding.
Panasonic plans Younicos investment
The PV storage developer Younicos has garnered the interest of Panasonic. The German Cartel Office is currently proofing the legalities of Panasonic’s possible collaboration with Younicos.
Hanergy to cut 2,000 jobs under restructuring plan, posts 90% net loss
Hanergy has said it intends to cut 2,000 jobs under a restructuring plan, which also includes the introduction of five new business groups. Overall, Hanergy has seen its net earnings plummet over 90% in 1H 2015.
Hanergy dumped from MSCI index
Index compiler MSCI to remove troubled Hong Kong-based solar firm Hanergy from its index as of September 1 following 50 business days of trading inactivity.
Bosch acquires Silicon Valley battery startup Seeo
German auto parts giant Bosch has acquired Silicon Valley battery startup Seeo. Seeo has been attempting to move from lithium iron phosphate (LFP) cathodes towards nickel cobalt aluminium (NCA) to keep ahead of competition.
LG plans to expand production in South Korea
LG Electronics has decided to expand its production capacity at its production site in Gumi, South Korea. The reason has been stated as the strong global demand for its Cello-technology integrated modules.
Molten salt storage system wins Eureka prize
A team of researchers at the University of South Australia have won the 2015 ANSTO Eureka prize for their molten salt energy storage system. Though the idea of molten salt storage is not new, the team has come up with a different innovative process for energy storage.
UK's Solar Trade Association labels FIT cuts 'self-defeating'
Proposals to slash U.K.’s feed-in tariff by up to 87% draw scorn from the industry, which argues that ideology, rather than sound economic reasoning, is the driving force behind the cuts.
E.ON: The PV business is and will remain profitable
Interview: The energy utility E.ON plans to expand its PV business in Germany. From September, E.ON will offer a PV plant check service for operators of the more than 1.5 million PV plants. Moreover, the development of new PV plants still brings benefits for private households and small commercial operations, says Franco Gola, Head of Energy Solutions PV at E.ON Germany.
