REC to push into China under new ownership
Last week PV manufacturer REC appointed a new CEO in Steve O’Neil, which will become effective on 25 March. Only last month, shareholders voted for the company’s acquisition by Norway’s Elkem Group, which itself is owned in a majority stake by ChemChina. This will allow the company to make a bold push into China, Luc Graré, senior vice president, sales and marketing, tells pv magazine.
China: PV installed capacity grows to almost 30 GW in 2014
China’s National Energy Administration (NEA) has released 2014 solar figures. The report shows installed capacity approached 30 GW, while manufacturers are reporting greatly increased utilization rates.
IHS: US, Japan to account for 50% of global PV inverter sales in 2015, 2016
Japan and the United States will be the main drivers for PV inverter suppliers in 2015 and 2016, according to a new report by IHS. Price drops resulting from growing competition will result in global revenue growth in 2016 of just 5% over 2014 levels.
IRENA Director-General: Renewable energy can fuel India's economic growth
RE-Invest: IRENA Director-General Adnan Z. Amin stressed the importance of renewable energy in sustainably meeting India’s growing energy needs at the Renewable Energy Global Investors’ Meet & Expo in New Delhi on Monday.
Turkey targets 5 GW of PV by 2023 in new action plan
Turkey has developed its first National Renewable Energy Action Plan, targeting 30% of its energy from renewable sources by 2023. Of this total Turkey hopes to realize 5 GW of PV.
Turkey installs only 78 MW of grid-tied PV in 2014
Latest installation data demonstrates Turkeys strong preference toward wind power. Solar PV, in contrast, either has fallen out of favor or Turkish institutions struggle to cope with the licensing process.
China: 2014 shortfall does not diminish 2015 ambitions
While figures released last month by Chinas National Energy Administration (NEA) confirm that the country fell well short of its 14 GW installed PV goal for 2014, it has not stop the administration from setting an ambitious target for 2015. Signs are that the country is more likely to reach its 2015 goal.
Australia: Commercial sector grows as ET Solar joins PPA segment
Figures released today by Green Energy Markets reveal that the Australian commercial rooftop segment is continuing to grow. The positive signs for the sector come as ET Solar announces a deal with Australias Clean Energy Finance Corporation to roll out a AUD$33 million (US$25.5 million) commercial rooftop PPA program.
Tesla gears up for charge into home battery storage market
Tesla Motors, the electric vehicle company throwing down a major challenge to the global motor industry, says it is now looking to become a front-runner in energy storage in a major new challenge to the traditional electric utility business model.
Applied Materials hamstrung by excess capacity
Overhang of excess capacity harms Applied Materials’ sales, but company expects rise in next quarter.
