New deal could end Hareons $90 million lawsuit woes
Hareon Solar has entered into a tripartite agreement with United PV and a Hong Kong investment fund, under which United PVs around US$90 million claim against Hareon will be transferred to the new investor. The deal, if it goes ahead, could secure Hareons survival, and its continued listing on the Shanghai Stock Exchange.
Germany: Solar installs just 1.37 GW in 2015
2015 saw declining solar PV activity in Germany once again, with under 1.5 GW installed throughout the year. In December, the Federal Network Agency registered just under 145 MW of new capacity. Meanwhile, four ground-mounted systems have been realized to date under the countrys PV tender.
Hanwha Q Cells to build 42 MW in Turkey after selling project rights
Hanwha Q Cells has sold the project development rights to five solar PV projects totaling 42 MW in Turkey. It has simultaneously been awarded an EPC contract to construct the projects.
India: Domestic content compromise proposed, WTO ruling postponed
The Indian Government has proposed a compromise to end the dispute with the World Trade Organization (WTO) over its domestic content requirement (DCR) for solar modules. A final ruling from the WTO was expected on Friday, however an official has confirmed to pv magazine this was postponed.
Sonnen announces partnerships for a more full energy storage offering
Concurrent with the opening of the companys new U.S. headquarters in Los Angeles, battery storage integrator Sonnen has partnered with PetersenDean, SolarWorld and Spruce Finance.
SMA forecasts 'considerable earnings increase' in 2016
The German inverter maker is banking on booming business from the digitization of the energy sector and predicts up to a fourfold increase in operating profit in 2016. The company is presenting the upbeat outlook to analysts and investors today at its Capital Markets Day event.
China Sunergy boosts revenue, narrows loss in third quarter
The PV manufacturer has seen a sharp increase in sales of its self-branded solar cells and modules. The company’s business in China accounted for 52% of its total revenue.
sonnen partners with SolarWorld, expands US presence
In addition to teaming with the leading PV manufacturer, the German company is also developing financing for residential storgage solutions in the States and has opened new headquarters in Los Angeles.
IFC finances Canadian Solar Vietnam, Brazil fab projects to tune of $70m
The Chinese solar company has received a financing package of $70 million to support its expansion plans in Vietnam, the company has confirmed.
China: Longi invests $456m in 3 GW mono-silicon fab in Ningxia
Company will use diamond wire cutting technology at the new fab.
