LDK posts significant net loss; lowers FY revenues
LDK Solars woes are continuing well into 2012. In reporting its Q2 2012 financials, the companys net loss has continued to decline and it only just achieved the lower end of its revenue guidance. The latest figures have prompted it to lower its FY revenue guidance for a second time.
UK: Solar a "deal sealer" for home buyers
New figures from British bank ING Direct has shown that solar is the most important “non essential” factor in encouraging a prospective buyer to agree to purchasing a house. 38% of respondents to the ING survey of over 1000 people, responded that solar panels were the most important non-essential factor, which would encourage them to buy a property.
US Republicans 'party' after House passage of 'No More Solyndras Act'
U.S. Republicans hailed the bipartisan approval of the “No More Solyndras Act” by the House of Representatives on Friday, September 14, characterizing the bill as “a commonsense solution that will protect taxpayers and encourage a more robust energy future.”
Solar consolidation: Hit the reset button
Industry analysts were in agreement at the SPI 2012 conference, held on Thursday, that the solar industry is set for major consolidation over the next 1 year to 18 months. “The reset button needs to be hit; but tremendous value will be unlocked by it,” reckoned Arno Harris, CEO of Recurrent Energy.
Fronius expands US operations
Underpinning its U.S. market expansion, Fronius has announced it will begin inverter production at new headquarters in Portage Indiana soon. The Austrian-based company will also introduce its Fronius Service Program to the U.S.
Fronius expands US operations; aims to become number 1 inverter supplier
Underpinning its U.S. market expansion, Fronius has announced it will begin inverter production at new headquarters in Portage, Indiana soon. The Austrian-based company will also introduce its Fronius Service Program to the U.S.
SPI: Steady growth despite the difficulties
Consolidation, but steady growth. This is the conclusion of many at the end of this years Solar Power International (SPI), which closed its doors yesterday in Orlando, Florida.
Isofotón eyes Sovello up
According to media reports, Spain-based Isofotón is looking to acquire Sovello. The German companys insolvency administrator says Sovello is looking to find an investor by the end of October.
Spain introduces 6% energy tax
Photovoltaic producers will now have to pay a 6% tax on any income they earn from generating solar power, including from feed-in tariffs (FITS).
China: Construction on 40 MW PV project underway
China-based Shanghai Surpass Sun Electric Co. Ltd has started construction on 2 photovoltaic plants worth 20 MW each, in the province of Qinghai.
