First Solar stock surges on major announcements
U.S. thin film manufacturer and project developer First Solar has taken what appears to be a major leap forward, as its share price soared on the back of 2013 financial guidance, an acquisition announcement and a major efficiency improvement.
Germany: PV falls by 500 GWh year-over-year
Despite an increase in installed PV capacity to 33.4 GW in Germany, photovoltaic power output fell by 500 GWh year-over-year during the first quarter of 2013, according to a report released by the German Fraunhofer Institute for Solar Energy Systems (ISE).
UK: Martifer Solar completes 28.1 MWp PV project
Portugal-based Martifer Solar has commissioned a 28.1 MWp photovoltaic project in the U.K. Spread across a number of systems, construction was completed in 15 weeks.
Centrosolar unveils stark debt reduction plans
Germany-based Centrosolar Group AG has unveiled a number of approved measures aimed at cutting its around 90 million debt burden. Included in these are a capital reduction of 25:1 and the issuance of new shares.
Advanced Energy acquires Refusol
Following the signing of a contract by both parties, German photovoltaic inverter company Refusol is now a part of U.S.-based Advanced Energy Industries.
JinkoSolar sees huge 2012 losses
JinkoSolar recorded a number of hefty losses, both sequentially and annually. CEO, Kangping Chen blames continued photovoltaic module oversupply and lingering global economic certainties. He is, however, confident of the companys strategy going ahead.
Suntech seeking buyers and investors
Suntech is searching for buyers and investors, an unidentified source close to the China-based photovoltaic manufacturer has told Reuters.
Global PV to exceed 35 GW in 2013
Global photovoltaic installations are forecast to exceed 35 GW in 2013, equivalent to a growth of 12%, according to an analysis published by research company IHS Solar. Last year, it says, global photovoltaic installations reached 31.4 GW.
PV predicted to produce 110 TWh in 2013
According to a new report issued by the International Energy Agency (IEA), already installed photovoltaic systems will produce “at least” 110 TWh, or 110 billion kWh in 2013, thus representing 0.5% of global electricity demand. This corresponds to the annual energy consumption of the Netherlands, it says.
SMA: Strong push for innovation in Germany
A tough domestic market prompted solar inverter company SMA to raise 70% of its revenues from outside Germany in 2012.
