NRG Energy narrows loss in Q2, revises residential outlook down
NRG Energy has recorded a relatively successful Q2 2015, with a marked improvement seen in its net losses. The U.S. energy giant has revised its residential solar market outlook down, due to increased market positioning expenses, but says it is nonetheless among the top 4 players.
TerraForm Global raises $675 million in IPO
In its IPO, launched on July 31, SunEdison Inc.s yieldco, TerraForm Global Inc. raised US$675 million through the sale of 45 million Class A shares on the NASDAQ stock exchange, priced at $15 each. An additional 6.75 million shares were also on offer.
95.5 MW of PV capacity for June in Germany
In June this year, the German Federal Network Agency registered a rather low 95.5 MW of PV capacity, depicting the same story as in the last months. Of that, 56.8 MW came into operation.
Obama set to announce clean energy vision
Tougher rules on carbon emissions part of President’s new Energy Plan, which will include greater incentives for the deployment of renewable energy technologies.
SolarWorld sees H1 solar shipment surge
SolarWorld AG has reported a surge in solar shipments in the first half of 2015, with revenue also on the up. In its preliminary results, the German manufacturing giant confirms its full year shipment forecast of over 1 GW, and a positive operating EBIT.
Residential solar market remains the most attractive, says Deutsche Bank
The latest Deutsche Bank “Solar sector update” states the U.S. continues to drive global solar demand and the residential market retains its draw for investment.
Welspun commissions 34 MW Indian solar plant
Welspun Renewables has commissioned a 34 MW solar PV plant in Punjab. It has signed an MOU to develop a further 151 MW in the state, and is said to be targeting 11 GW of renewable installations in India.
JinkoSolar secures $70m loan agreement with Ex-Im Bank
Bulk of the loan ($62 million) will be used to support the Chinese solar company’s long-term fixed assets, with a further $8 million (RMB50 million) loan to be used for working capital at its Malaysia factory.
Volume sales will speak volumes, says Singulus
Singulus Technologies has reported an improvement in earning before EBIT for the first half of 2015. The company’s financial goals being met will rely on volume sales and this will become clear in the weeks to come.
China: GCL, CNI enter into EPC solar contracts totaling 90 MW
GCL New Energy Holdings Limited, via two subsidiaries, has signed two EPC agreements with CNI Energy, a wholly owned subsidiary of CNI (Nanjing)
Energy Development Company Limited, to install 90 MW of solar PV plants in China, worth around US$98.5 million.
