Ascent Solar terminates China fab plans
Ascent Solar Technologies Inc. has terminated an agreement in Suqian, China to build a 100 MW solar PV module manufacturing facility, due to, among other issues, a lack of available technical skills.
SunEdison, Dominion partner on $650 million Four Brothers solar project
SunEdison Inc. and energy producer and transporter, Dominion have formed a joint venture on the 320 MW(ac) Four Brothers solar PV project in Utah. Under the terms, Dominion will invest around US$500 million, and SunEdison, $150 million.
SolarEdge records record revenue
Israeli company SolarEdge has registered a record revenue for the fiscal quarter 4Q2015. Increased manufacturing capacity and continued active cost reduction measures have brought gross margins to a quarterly and annual high.
Australian commercial market hits new high
The commercial rooftop PV market in Australia has recorded its strongest month of installations in July, with the result bolstering solar installations for month. Almost 17 MW of commercial PV was installed for the month, bringing the annual total to close to 77 MW.
Solar3D acquires Elite Solar for $7.15 million
Marking its third acquisition in two years, Solar3D has signed an agreement to acquire California-based solar systems provider, Elite Solar, which is set to see revenues soar 140% YoY. The transaction is expected to close by latest, November 1.
SMA cost cuts take effect in solid H1 financial results
First half sales increase year-on-year by 26% to reach EUR 429.3 million as operating losses narrow over the second quarter, company transformation progressing as planned.
Centrotherm records positive H1, despite orders falling short
Centrotherm photovoltaics has recorded increases across the board in its latest earnings release. Despite this, new orders fell short of management expectations, affected by competition and cost pressures. The German company confirms its full year guidance.
33 successful bids in second German PV tender
Germanys Federal Network Agency has confirmed 33 bids totaling 159 MW have been successful in the countrys second PV tender. The unit price will only be determined once all bidders have paid their deposits. Unhappy, the countrys solar association has called for a doubling of the capacity awarded.
Meyer Burger sees big H1 order increase, widens net loss, announces job cuts
Meyer Burger Technology Ltd has seen a “substantial” increase in H1 2015 orders, particularly in its PV segment. Despite this, overall YoY net loss, including sales, widened. Further workforce reductions were also announced. For the full year, the company confirms its guidance.
New Jersey expands limit on net metered solar while Nevada keeps cap
Wednesday saw decisions on the solar policy in at least two U.S. states, with New Jersey’s governor signing a bill significantly expanding its official cap and Nevada regulators declining a request to do so without a legislative change.
