The battery storage system manufacturer completes a successful round of funding, capital will flow into expanding production, developing U.S. business and providing support for rapid growth.
October 2014 has delivered the weakest new solar installation figures in almost five years, with around 75.5 MW of new PV capacity being added in the country over the month. The figures confirm the depressed state of the market since the new Renewable Energy Act was enacted in August.
SMA has significantly reduced its sales guidance for 2014. In its new guidance, the German inverter supplier expects sales between EUR 775 million and EUR 790 million, down from EUR 850 million and EUR 950 million. “Significantly more” than the 600 jobs previously announced will be lost.
Solarpraxis Forum highlights how traditional energy utilities are struggling to cope with the expansion of the renewable energy sector, forcing a rethink of their relationship with renewables.
The insolvency of Switzerland’s SolarMax is yet another indictment of Europe’s failure to nurture pro-solar political conditions, says solar consultant Winfried Hoffmann.
Postponed and delayed PV projects in China are stunting growth figures, says expert. Japan’s surging end to year could see it displace China as world’s largest market.
Clean energy from wind, hydro and, yes, solar produced more power than nuclear, coal or gas in first six months of 2014, figures show.
Assault of batteries shapes the week, while the good vibes of the 15th Forum Solarpraxis are punctured by the news of SolarMax’s insolvency.
The Italian solar manufacturer has teamed up with Cairo-based Misr Asset Management to develop the production plant in a deal worth $42.5 million.
The $200m proposed McBride Place Energy project, to be located near the city of Concord, has been given the green light by the N.C. Utilities Commission.
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