Trina exits EU price undertaking
The company says the minimum import price does not reflect current market trends, which show average selling prices in major markets continuing to decline at a faster than expected rate. Trina will now supply EU markets through its overseas manufacturing facilities.
SMA: Large-scale storage systems stabilize grid operation
A project in South Korea will show how battery-storage systems can provide grid services on a grand scale. Its 200 megawatts of reserve power exceeds previous project examples by far. Projects are already pointing in the right direction in Europe, too, with one small catch.
The pv magazine weekly news digest
This week in PV news: Mexico approves energy reform, India installs the largest single rooftop solar in the world and the U.S. looks set to install a whopping 3 GW this quarter. In the U.K., a proposed tax hike on solar panel generates further woe and Dubai’s 800 MW tender has major global PV players scrambling to the Gulf.
IDB to fund 100 MW solar PV project in El Salvador
The bank will provide US$88 million in loans to build the project, which could be the first large utility-scale solar plant in El Salvador.
Children's rights NGO, SkyPower to bring solar-powered light to rural Kenya
SkyPower and Plan International plan to distribute two million home solar kits over a five-year period, with an aim to reduce reliance on kerosene.
UK: proposed tax hike on solar panels could heap further pain on industry
A proposal by U.K. tax regulator HMRC to increase value-added tax on solar panels from 5% to 20% has been challenged by the Solar Trade Association and other campaigners who are urging the government to halt the rise.
First Solar charts modest 2016 growth
First Solar Inc. forecasts modest growth next year, with net sales, operating expenses and shipments all expected to remain relatively flat. Net cash should see an increase, however, while CAPEX spending is set to double, and capacity will rise by around 20% to 3 GW. Three main priorities were outlined. Shares fell around 8% following the news.
Hanwha Q Cells triples Sunrun supply agreement to 135 MW next year
The Korean solar panel manufacturer has extended its supply partnership with U.S. residential installer Sunrun, with modules to be shipped from Hanwhas fabs in Malaysia and South Korea.
Manz announces 174 job losses, capacity adjustments
Manz AG has announced that 174 employees will go, primarily in Germany and Asia, although its other European sites have also been affected. Capacities will be adjusted accordingly. It hopes to save around EUR 7 million. The strategic options for its Solar segment are still under review. A further announcement is scheduled for the beginning of the New Year.
Zeversolar extends string inverter portfolio
The Chinese manufacturer set to launch three new string inverters into the markets of Thailand, Taiwan, China and the U.K. from the beginning of next year.
