Sunrun: Disappointment after initial NASDAQ debut high
The fourth largest solar installer in the U.S. Sunrun made its NASDAQ debut this week. The euphoria of going public fizzled when the company’s stock prices started tumbling.
ET Solar moves into the Turkish PV market
ET Solar has entered Turkey’s PV market with its new Turkish arm ET Solutions Istanbul. The company has already bagged two 1.1MW projects.
India: Welspun to develop 8.7 GW of solar on back of strong investment
Of its 11 GW renewables target, Welspun Renewables has said it will develop 8.66 GW of solar PV in India. Investment in the country is said to be strong, with Welspun expecting a “substantial inflow” of capital.
Australia: Queensland rolls out virtual power plant project
A utility in northeastern Australia is rolling out a pilot solar+storage pilot project to create a ‘virtual power plant’ in areas where grid capacity is constrained. The 12-month project will allow for remote control of the residential solar+storage systems to provide grid support.
ReneSola, Pristine Sun develop 300 MW US solar pipeline
ReneSola Ltd and Pristine Sun LLC have joined forces to deploy 300 MW of solar PV projects in the U.S. By 2016, half of this is expected to be installed.
Phoenix Solar sees H1 revenue boost, expects positive 2015 EBIT
Phoenix Solar has seen revenues soar around 300% in the first half of 2015, compared to the previous year. The U.S. is pushing strong growth. Despite this, the company recorded a higher net loss. Overall, it expects a return to a positive EBIT by year end.
Germanys second PV tender oversubscribed three-fold
A total of 136 bids totaling 150 MW were received by the Federal network Agency in Germanys second solar PV tender round. The prices for the generated solar energy are still to be determined.
Report: Panasonic largest li-ion battery cell producer
With 20.5% market share, Panasonic has emerged as the leading lithium ion battery cell supplier to the global market for the first half of the year. The data comes from Korean market research firm SNE Research, which found that East Asian manufacturers are dominating the space, with Samsung SDI, LG Chem, ATL and Sony rounding out the top five suppliers.
SunEdison, TerraForm Power report net losses, higher revenues
SunEdison has reported relatively stable Q2 and H1 financials, with a narrowing of its Q/Q net loss and sales increases. Yieldco, TerraForm Power, meanwhile, posted a positive Q2 net income, but big H1 loss. Deutsche Bank believes the drop in investor confidence is “overdone.”
Ideal Power's power conversion system selected by Sonnenbatterie for its commercial energy storage solutions
Ideal Power Inc., a developer of innovative power conversion technologies, and Sonnenbatterie, Europe’s leading smart energy storage provider, announced today that Sonnenbatterie has selected Ideal Power’s power conversion systems, utilizing its award-winning Power Packet Switching Architecture (PPSA), for integration with the commercial Sonnenbatterie system. Sonnenbatterie also has placed initial product orders with Ideal Power for delivery in August.
