EC removes Chint Solar and Sunny Solar from minimum price agreement
The European Commission (EC) has confirmed the removal of Chint Solar and Sunny Energy for the minimum price undertaking (MIP). The German subsidiary of Chint Solar, Astronergy, reports that its activities are not affected by the decision.
IEA renewables forecast "inadequately low" includes "serious errors" says NGO
Energy Watch Group has criticized the International Energy Agency’s renewables predictions as containing “serious errors,” concluding that the forecasts are “inadequately low.” The international network of scientists and parliamentarians says that while leading analysts forecast annual installations for both wind and solar will grow by 10% through 2040, the IEA forecasts zero growth at best and 20 40% decreases in less optimistic scenarios.
The pv magazine weekly news digest
Amid new efficiency world records, surging growth for emerging solar markets and a bullish report from IHS predicting 272.4 GW of new capacity by 2019, naysayers and doom mongers are still making their voices heard.
SMA raises sales forecasts again, Americas inverter sales to increase >35% in 2016
SMA Solar Technology AG has again raised its full year earnings forecasts, despite recording an overall net loss. Restructuring efforts are also paying off, with the company recording cost savings of 100 million. In 2016, it expects inverter sales in the Americas to increase by more than 35%; Japan will see a decline.
GCL reports polysilicon, wafer sales increases; ASPs stable
GCL-Poly Energy Holdings Limited has seen increases in both production and sales of its polysilicon and wafer businesses. Its preliminary result also show stable average selling prices (ASPs). No earnings results were communicated, however.
New approach greatly enhances pervoskite stability
UCLA researchers have developed a metal oxide sandwich perovskite cell that enhances the stability of the promising semiconductor by more than 10 times. The approach uses two metal oxide layers on either side of the perovskite material, protecting it rapid degradation when exposed to air.
Etrion sees net loss plummet, accelerated RE growth in Chile plays a role
Etrion Corporation has seen net loss plummet in both Q3 and the first nine months of the year, on the back of low electricity prices in Italy and impairment charges associated with the freezing of its solar PV pipeline in Chile. Revenues and EBITDA were also negatively affected.
Ascent Solar secures $35 million investment
Ascent Solar Inc. has signed two definitive agreements to raise US$35 million. In addition to contributing to ongoing working capital, the funds will be used to repay debt.
Neo Solar Power to expand PV manufacturing to Southeast Asia
Buried in Taiwanese PV maker NSP’s Q3 results is a statement that the company is moving production capacity to an un-named Southeast Asian nation.
Lightsource signs deal for 3 GW of solar in India
Investment of GBP 2 billion agreed during Indian Prime Minister Narendra Modi’s visit to the U.K. and is part of a wider GBP 10 billion trade deal between the two nations.
