ReneSola hits Q2 guidance, posts operating loss
In its Q2 results released today, Chinese vertically integrated photovoltaic manufacturer, ReneSola has announced that it has exceeded revenue and shipment guidance. Despite this strong result, the company posted a US$34.6 million operating loss.
Japan: Company formed to develop 500 MW
In a sign that major Japanese corporations are mobilizing to develop photovoltaic projects in the country under the revamped FIT regime, the Japan Mega Solar Power Co. has formed. The new company plans to invest 100 billion yen (US$1.3 billion) to develop utility-scale photovoltaic projects in the country.
Pakistan: Punjab government turns to solar
In a bid to foster awareness of alternative energy resources the Punjab government in Pakistan has unveiled its plans to install up to 500,000 solar home solutions in the province.
JinkoSolar reports improved Q2 financials
Chinese photovoltaic player, JinkoSolar has seen many financial improvements in Q2 2012, unlike many of its peers. While losses were recorded, particularly compared to Q2 2011, positive progress from Q1 has been made.
Interview: Cheap PV and quality can go hand in hand
This September, Solarpraxis is organizing a workshop on Quality Assurance. Chief executive, Karl-Heinz Remmers talks to pv magazine about why this topic is still so important for the photovoltaics industry. Even in times of huge cost pressure, there are actions that all those involved can take.
Brazil: Renova Energia to move into solar sector
Shareholders in Brazils renewable energy major, Renova Energia, approved a decision on August 22, which will see the company until now a major wind developer expand its activities into solar energy.
Germanys Saxony-Anhalt places hope in South Korea
Following the news that Hanwha may take the insolvent Q.Cells SE over, Saxony-Anhalt is placing its hopes in South Korea. The state government is heading to there next week to hold discussions with potential investors.
IPVEA calls for PV associations to unite against EU trade case
The International Photovoltaic Equipment Association (IPVEA) has criticized the trade complaint filed by a SolarWorld-led consortium in the EU against Chinese photovoltaic manufacturers. In response, it has called for the industrys associations to unite.
Italy to be knocked out of top 3 PV markets
New figures have revealed that new global photovoltaic installations surpassed 13 GW in the first six months of 2012. In 2H almost 18 GW is expected to be added. For the FY, Germany, China and the U.S. will be the leading markets, while Italy will fall into fourth place.
China concludes US solar subsidies violate WTO rules
Chinas Ministry of Commerce (MOFCOM) has concluded that 6 renewable energy subsidies in the U.S. violate provisions made under the WTO Subsidy and Countervailing Measures Agreement and the Article 3 of 1994 General Agreement on Tariffs and Trade. It is now seeking to have them cancelled.
