SolarEdge fiscal Q2 sales surge 70% Y/Y on US growth
The power optimizer specialists post record revenue of $124.8 million for the fiscal second quarter of 2016, shipping 416 MW of inverters to exceed market expectations.
China: NEA data puts cumulative PV capacity at 43.2 GW
Statistics from National Energy Administration echo those published in January by state news agency Xinhua, confirming China is now the world’s largest market for installed solar PV capacity.
Abengoa looking to offload stake in UAE's Shams 1 CSP solar farm
The Spanish renewables company is seeking to sell its 20% share in the CSP solar plant as it seeks to raise $335 million of liquidity to satisfy circling creditors.
London: Europe’s next wave of solar needs to be smart
Solar power is at the forefront of a smarter energy sector, but to enable a new wave of PV installations in Europe, solar needs new regulatory frameworks that value flexibility, says the Smart Energy UK and Europe conference in London.
Yingli receives $300m state-backed loan to ease restructuring process
The Tier-1 Chinese solar developer has secured a loan of approximately CNY 2 billion from the Chinese National Development Bank to help the firm pay down its debts.
The pv magazine weekly news digest
The solar big guns were out in force this week as changes to the U.S. net metering landscape rolled into Nevada. Elsewhere, China proved its PV prowess, Japan saw a shakeup and Germany confirmed its relative demise.
UK: Commercial rooftop PV can still be profitable, says industry
Following the U.K. government’s cuts for all forms of solar subsidy, the PV industry makes the case that rooftop PV, especially commercial, can still be a profitable investment.
IHS: U.S. market boosts inverter sales for SMA, SolarEdge
Both SMA Solar Technology AG and SolarEdge have reported strong quarterly results in recent weeks, which IHS Technology credits with their position in the U.S. inverter market.
Iran to pay 35% premium for solar, wind plants with domestic content
Iran will authorize 1 GW of solar and wind contracts in March and plans to put 5 GW online over the next decade.
Sharp: Surprise over Foxconn nod, Energy Solutions segment reports biggest revenue drop
Sharp has surprised many by awarding preferred negotiating rights to Taiwans Foxconn for its US$5.9 billion takeover bid, rather than the Innovation Network Corporation of Japan (INCJ). Meanwhile, the electronic giant has reported a net loss for the first three quarters of around $902.5 million, led by its Energy Solutions segment.
