Canadian Solar warns that the U.S. decision “in favor of one non-competitive PV manufacturer will cost tens and thousands of jobs across the entire U.S. solar industry.”
The leading inverter manufacturer is lowering its annual sales forecast by up to EUR 450 million and planning to cut 600 jobs worldwide by the end of next year amidst shrinking demand.
The move by the Arizona utility would replace a utility-scale solar PV plant that it planned to build. APS’ rooftop solar plans are in sharp contrast to its attacks on net-metered solar, and the move has been questioned by SEIA.
The deal follows First Solar’s move last year to invest $100 million in mega solar projects in the country. The XSOL agreement will also supply smaller-scale installations.
The Army’s $7 billion Multiple Award Task Order Contract (MATOC) is aimed at power purchase agreements involving renewable or alternative energy projects greater than 10 MW.
The Japanese company has established a mass production process for 156 by 156 mm solar cell products that have a conversion efficiency of 21%.
Although PV installations in Germany produce less electricity than onshore wind installations, they generate “significantly higher profits,” according to a new report by the Fraunhofer Institute.
ReneSola Ltd, a leading brand and technology provider of solar photovoltaic (PV) products, has delivered 30 2 kW energy storage systems to a national distributor in Chelmsford for onward sale to Essex installation company Think Green Energy. A further 10 units are on order for the use of Think Green Energy customers in the south east of England.
CEO Tom Werner says SunPower’s ownership strategy provides it with a return on investment from its technology while reducing the risk to potential buyers if it later sells the plant.
The District Court of Aachen has opened the main insolvency proceedings against the group due to its inability to meet its liabilities. Preliminary proceedings began in June at the request of a creditor.
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