Tesla Energy delivers positive growth margin in Q4, company-wide losses predicted to end in 2016
Tesla has reported that its Energy business unit achieved a positive gross margin in Q4 2015, while the company has delivered its 11th quarterly net loss. Tesla pointed to its Energy segment as a key lead generator for the firm, with its Powerwall and Powerpack products delivering more than double the amount of potential Tesla customer inquiries than its automotive business.
SunEdison sued by Latin American Power shareholders
The shareholders are asking for a court order to protect assets, claiming that SunEdison is near bankruptcy and is trying to hide assets.?
Major work begins on Latin Americas largest solar PV project
With installation of mounting structures by STI Norland, construction of the 247 MW-DC El Romero PV plant has advanced. In the middle of next year this is expected to become the largest solar project in Latin America.
SolarCity reports strong Q4 results, resumes focus on growth
The largest U.S. residential solar company installed a record 272 MW during Q4, with a record low cost of US$2.71 per watt. With ITC extension, SolarCity has changed its strategy and will continue to pursue a larger market share.
US Clean Power Plan blocked by Supreme Court
The U.S. Supreme Court has put President Barack Obamas Clean Power Plan on hold until it determines the plans legal merits, expected this summer. Despite the surprise, many are confident the decision wont affect coals continued decline in the States amid a burgeoning renewable industry.
Orix on track to meet 900 MW Japanese solar goals
Japanese finance and leasing company, Orix has said it aims to invest around US$872 million in installing 550 MW of solar in Japan in the next two years. This would take its cumulative capacity to 900 MW, thus achieving targets outlined in 2014.
Sunverge picks up $36.5m investment, ARENA participates as backer
The California-based distributed energy storage developer has secured Series C funding from the Australian Renewable Energy Agency and four other public and private investors.
Australia sails past 5 GW of PV
Having installed over 913 MW of new solar in 2015, Australia now boasts some 5 GW of PV generating capacity. Local market analysts Sunwiz published the figure today, concluding that solar was the leading source of new generating capacity in Australia in 2015, now comprising 9% of installed electric generating capacity in the country.
Enel Green Power revenue flat for 2015, EBITDA falls 5.3%
The Italian clean energy developer posts total revenue for 2015 of EUR 3bn, which mirrors 2014 performance; net installed capacity of clean energy reaches 10.5 GW, a 9% increase.
Adani goes for solar Down Under
With its lofty plans to build Australia’s biggest coal project facing delays, the Indian mining group is turning to solar and is looking to partner with international companies in developing clean energy in the states of Queensland and South Australia.
