Tri-State, Juwi sign PPA for 30 MW Colorado PV plant
Juwi Inc. has signed a PPA with Tri-State Generation and Transmission Association, Inc. for its proposed 30 MW solar PV project. Located in Colorado, the U.S., it is scheduled for completion in Q4 2016.
GT to lay off 2/5 of global workforce
GT Advanced Technologies has released details of a restructuring plan which will include reducing its workforce by an estimated 40%. The company aims to return from bankruptcy in the first quarter of 2016.
Alabama approves up to 500 MW of renewable energy over the next five years
Regulators in the U.S. state have approved Alabama Power’s request to build or purchase up to 500 MW of renewable energy over the next six years. However, these projects must come in under a low price ceiling.
Alabama approves up to 500 MW of renewable energy over the next six years
Regulators in the U.S. state have approved Alabama Power’s request to build or purchase up to 500 MW of renewable energy over the next six years. However, these projects must come in under a low price ceiling.
Comtec Solar reports net loss
Shanghai-based Comtec Solar Systems has issued a statement indicating that the company expects to register a decrease in gross profit margin for the first half of 2015 compared to the same period in 2014.
Moree Solar Farm starts installing JA Solar modules
JA Solar will deliver a total 70 MW of solar modules to the Moree Solar Farm in New South Wales, Australia. The first batch of modules have been supplied, and are currently being installed.
Shunfeng records 66% 1H profit decline
Shunfeng International Clean Energy Limited has seen net profits dive almost 65% in 1H 2015, caused partly by decreased ASPs and increased operating expenses. Current liabilities also exceed assets by around US$439 million.
Roth & Rau renamed Meyer Burger AG
Shareholders of Roth & Rau AG have approved a proposal to rename the Hohenstein-Ernstthal facility to Meyer Burger (Germany) AG with immediate effect. Meyer Burger AG has also agreed to sell its subsidiary Roth & Rau – Ortner GmbH to HAP Holding.
Panasonic plans Younicos investment
The PV storage developer Younicos has garnered the interest of Panasonic. The German Cartel Office is currently proofing the legalities of Panasonic’s possible collaboration with Younicos.
Hanergy to cut 2,000 jobs under restructuring plan, posts 90% net loss
Hanergy has said it intends to cut 2,000 jobs under a restructuring plan, which also includes the introduction of five new business groups. Overall, Hanergy has seen its net earnings plummet over 90% in 1H 2015.
