CSun reports falling shipments in Q2, $10.3 million loss
Troubled Chinese manufacturers China Sunergy has released its delayed Q2 2015 results, in which its shipments fell as it reduces OEM production. The company reported a loss for the quarter of US$10.5 million, down from $12.2 million in Q1 2015.
Emerging markets attract most renewables investment
New renewables investment in 2014 in 55 developing world nations reached US$126 billion, finds a new report, over half of which went to emerging markets. The increase was recorded, despite a general slowing in economic growth. Declining clean energy costs, particularly for solar, are driving growth. Solar is also benefitting from high power prices and favorable irradiance.
US, Japan and South Korea to install 1.4 GW of energy storage between 2015-16
The U.S., Japan and South Korea are the leading energy storage markets worldwide, says IHS, with each forecast to exceed 100 MW of annual installations this year. Between 2015 16, they are set to install 1.4 GW of new capacity. Large-scale system costs, meanwhile, are expected to fall significantly by 2019, which will spur global growth.
$45 million Solyndra settlement behind Trina Q3 loss, despite 1.7 GW record shipments
Chinas Trina Solar has racked up a record 1.7 GW solar module shipment record in Q3 2015, however a US$45 million settlement with Solyndra trustees has plunged the manufacturer into a $20 million loss for the quarter.
Sungrow enters downstream solar market with 600 MW, $939 million investment
Following the module manufacturers lead, Chinas largest inverter manufacturer, Sungrow, is entering the downstream solar business, having signed an agreement with the Chaohu municipal government in east China to develop up to 600 MW of PV plants on agricultural land.
SunEdison fires TerraForm Power President & CEO Domenech, shifts board
The company’s management changes follow a shift in strategy, with an attempt to be more boring after rapid growth spooked investors.
Turkey: New directive sees import duties on solar modules
Turkey has issued a new directive, which will see solar modules charged an import tax of around US$125, determined by weight. The new regulation will apply to all PV manufacturers outside of Turkey from December 19.
Alberta sets 30% renewable energy goal by 2030
Under new leadership, the province which hosts the heart of Canada’s oil sands industry will replace coal generation with renewables by 2030.
New York to get half its electricity from renewable energy by 2030
Following shortly on the announcement of new renewable energy targets in Alberta, the governor of New York State has plans to mandate 50% renewables in electricity by 2030.
New York to get half its electricity from renewable energy by 2030
Following shortly on the announcement of new renewable energy goals in Alberta, the governor of New York State has set a new goal for the state to reach 50% renewables in electricity by 2030.
