SMA raises sales forecasts again, Americas inverter sales to increase >35% in 2016
SMA Solar Technology AG has again raised its full year earnings forecasts, despite recording an overall net loss. Restructuring efforts are also paying off, with the company recording cost savings of 100 million. In 2016, it expects inverter sales in the Americas to increase by more than 35%; Japan will see a decline.
GCL reports polysilicon, wafer sales increases; ASPs stable
GCL-Poly Energy Holdings Limited has seen increases in both production and sales of its polysilicon and wafer businesses. Its preliminary result also show stable average selling prices (ASPs). No earnings results were communicated, however.
New approach greatly enhances pervoskite stability
UCLA researchers have developed a metal oxide sandwich perovskite cell that enhances the stability of the promising semiconductor by more than 10 times. The approach uses two metal oxide layers on either side of the perovskite material, protecting it rapid degradation when exposed to air.
Etrion sees net loss plummet, accelerated RE growth in Chile plays a role
Etrion Corporation has seen net loss plummet in both Q3 and the first nine months of the year, on the back of low electricity prices in Italy and impairment charges associated with the freezing of its solar PV pipeline in Chile. Revenues and EBITDA were also negatively affected.
Ascent Solar secures $35 million investment
Ascent Solar Inc. has signed two definitive agreements to raise US$35 million. In addition to contributing to ongoing working capital, the funds will be used to repay debt.
Neo Solar Power to expand PV manufacturing to Southeast Asia
Buried in Taiwanese PV maker NSP’s Q3 results is a statement that the company is moving production capacity to an un-named Southeast Asian nation.
Lightsource signs deal for 3 GW of solar in India
Investment of GBP 2 billion agreed during Indian Prime Minister Narendra Modi’s visit to the U.K. and is part of a wider GBP 10 billion trade deal between the two nations.
Sunpower introduces new PV module design, offers 2016 guidance
Sunpower has introduced a new PV module series based upon a novel interconnection technology, as well as warning of a fall in revenues and a loss in 2016 as it plows more projects into its yieldco.
California utilities agency increases efficiency with new storage system
The advanced energy storage system will optimize renewable energy generation at its water management facilities, providing “an added layer of protection” against power outages and make it easier to share renewable resources.
UK solar and energy storage: Market enters new phase
The British Photovoltaic Association has published a new report detailing the transition to a new kind of residential PV market. What role is energy storage playing in it?
