Vivint Solar Q2 profit hits $13.7 million
Second quarter financials for U.S. solar leasing company reveal installation increase of 78% year-over-year, driving a 146% increase in revenue.
Hanwha Q Cells announces 78.6 MW solar deals in India, Philippines
Korean solar firm will create joint venture with India’s Azure Power for creation of 50 MW solar plant in Andhra Pradesh, also announces involvement on 28.6 MW PV project in the Philippines.
Singulus: 1H sales remain low, but confidence high
Singulus Technologies has just released its 1H2015 financial report with higher than expected bookings. Sales were still low as expected but the company is confident in it’s solar division’s performance for 2015.
Construction of world's first modular large-scale storage system begins
E.ON and SMA to lead on 5 MW modular battery system, funded by the German Federal Ministry for Economic Affairs and located at Aachen University in Germany.
LG plans to develop next-generation EV batteries
3M and South Korean LG Chem have signed a patent deal for the continued development of NCM (nickel, cobalt, manganese) lithium-ion batteries. LG Chem hopes to develop improved electric car batteries with the acquired patent knowledge.
US: Installed prices continue rapid descent
For the fifth consecutive year, distributed PV system prices fell in the U.S. This time round, solar “soft” costs have contributed largely to the price reductions. Due to variability in factors, there is also no single price that characterizes the U.S. market.
Australia announces tame 2030 emissions reduction target of 26%
The goal, based on 2005 levels of carbon emissions, will be taken to the United Nations climate change meeting in Paris in December; climate campaigners call the target ‘pathetically low’.
India: Madhya Pradesh sells PV power at lowest Indian price
The central Indian state of Madhya Pradesh is now officially the state with the lowest solar power tariff at INR5.051 (US$0.08) per kWh. Companies that have bid for the projects are willing to sell solar power back to the utilities for this low price over 20 years.
Hawaii, Scotland present energy storage approaches for Australia
Energy storage is on course to see a boom similar to that in the solar market; Australia aims to tap this potential to facilitate the further roll out of renewables. A new study has identified key investment areas, and barriers, to storage implementation. An overview of the global storage market sees Hawaii and Scotland presenting viable approaches to implementation, although California and Germany are said to have the most “thorough” storage programs.
Ingeteam receives EUR 55M EIB grant for renewables R&D
The Spain-based inverter manufacturer will use the funds from the European Investment Bank to develop its research, development and innovation activities at the company’s Spanish facilities.
