Midsummer sees profit increase for FY 2016
Financial results for 2016 posted by the Swedish thin film equipment supplier show that revenues almost doubled to SEK 60 million ($6.8 million) for the full year. Midsummer also saw a significant profit increase to SEK 10 million ($1.1 million).
Sky Solar posts $3 million net profit in 2016
Net income hit $3.3 million in the 12 months to the end of December, from a net loss of $1.6 million a year earlier, although the Hong Kong-based PV independent power producer recorded a net loss of $8.7 million in the fourth quarter, from $7.4 million in the final three months of 2015.
Indian solar imports surge, while exports plummet
New data highlight a major discrepancy between India’s solar import and export numbers in the first 11 months of the financial year 2016-17.
US loses allure as China, India become more attractive for RE investments, says Ernst & Young
The Ernst & Young’s RECAI league table sees big movements at the top, as China and India take on the mantle of leaders, while the U.S. drops to third spot.
Lyndon Rive to leave Tesla in June
The SolarCity founder says he is leaving to take time off and start a new venture, as Tesla’s solar sales volume contracts and the company shifts focus to profit and new products instead of growth.
Southern Company puts another 102 MW-AC of solar online in Texas
Southern’s Lamesa Solar Facility is the latest in a boom that is taking place across Texas, with over 1 GW-DC expected to come online this year.
Taiwan confirms plan to reach 20 GW of cumulative solar by 2025
Taiwan’s new solar energy strategy envisages the deployment of less than 200 MW of new PV capacity over the next two years, and the achievement of 6.5 GW of cumulative PV by 2020.
US investors, led by Tesla/SolarCity, dominate list of non-Chinese solar PV asset owners
Report by GTM Research and Solichamba finds 11 investors that each own more than 1 GW of PV assets, with eight of those 11 hailing from the U.S.
German solar sector wants removal of capacity cap for PV
After conducting a review of the results of Germany’s six auctions for large-scale PV, which have led to a very good price/performance ratio for solar power, the German solar association said there is no more reason to set growth limits for the development of PV.
Solar to attract more investment than coal, gas and nuclear combined this year, says Frost & Sullivan
Analysts expect global renewable power investment to reach $243bn this year, with solar PV the fastest-growing segment and non-hydro renewables to account for 65% of all global power investment by 2020.
