Deutsche Bank suspends SunEdison, TerraForm ratings
The delay in the two companies’ annual financial filings is only one of the problems that Deutsche Bank has cited in its suspension of ratings.
SolarCity completes its sixth securitization
This is the companys fifth securitization of distributed solar assets, resulting in proceeds of $50 million.
Australia's largest crystalline solar farm commences generation
The 56 MW Moree Solar Farm has begun feeding electricity into Australia’s National Electricity Market network. Spain’s Fotowatio Renewable Ventures (FRV) developed and constructed the project, which deploys single axis tracking.
HopSol taps First Solar for Namibia's largest PV project
First Solar will supply its cadmium telluride (CdTe) modules to what will be Namibia’s largest PV power plant. At 5 MW, the Otjozondjupa Solar Park narrowly takes the title from the 4.5 MW Omburu Solar PV Park, which utilizes TSMC CIGS modules and was commissioned in May 2015.
Jinko ships 1.7 GW in Q4, revenues double YoY
Jinko Solar has registered record Q4 2015 shipments of 1.71 GW, bringing its annual shipment total module shipments to 4.51 GW. Revenues have surged to US$937.7 million for the quarter and $2.8 billion full year (FY), although gross margin declined YoY by 2.1% to 20.3%.
Daimler to follow Tesla with new 500 million lithium-ion battery factory
The battery subsidiary of German carmaker Daimler will begin construction of a new 500 million (US$544 million) lithium-ion battery manufacturing facility in the third quarter of this year. The factory will produce batteries for electric and hybrid Mercedes-Benz and smart cars, along with stationary storage products for commercial and residential customers.
NREL researchers push past 1V CdTe cell barrier
A research team lead by the U.S. National Renewable Energy Laboratory has developed a technique by which cadmium telluride (CdTe) PV cells can be produced with an open-circuit voltage exceeding 1 volt. The team claims the development will allow for further increase CdTe conversion efficiencies and represents a “crucial milestone” in the technology’s evolution.
U.S. utility-scale solar increasingly driven by economics, not mandates
GTM Research’s latest report predicts that more than half the utility-scale solar installed in the United States this year will be outside of RPS requirements.
Chinese polysilicon imports hit a record high in January
Data from Chinese customs shows the import of polysilicon reached a new record volume in January 2016 at 12,388 tons, 19% over December levels.
Hanergy issues profit warning
Hanergy Thin Film has issued a warning in which it forecasts a “substantially decrease[d] revenues for 2015. The company has attributed the sharp decline to damage to its reputation as a result of the ongoing suspension of trading in its shares.
