Meyer Burger posts 75% annual sales increase in H1 2016
The Swiss solar tooling specialist posts 20% order increase and positive EBITDA for the first half of the year, placing the firm on track to exceed guidance and put itself firmly in the black for 2016.
Lithium-ion battery test centre opens in Canberra, Australia
The Canberra Institute of Technology has opened the new facility, backed by a A$450,000 ($344,525) grant from Australian Renewable Energy Agency (ARENA), to assess the potential for residential energy storage.
Scatec Solar lands 100 MW project in Nigeria
Scatec Solar will develop, build, own and operate the solar power plant in Jigawa. The project adds to the Norwegian group’s existing 200 MW of solar power plants operating in Africa.
BYD signs deal to open PV factory in Brazil
Brazil’s solar boom has prompted the green tech giant to expand operations in the country, where it already operates an electric bus factory. The new manufacturing plant in the state of Sao Paulo will create 300 jobs.
EU Commission removes five further solar firms from MIP undertaking
Lerri Solar, DelSolar, CNPV, Motech and Xian Longi have all been withdrawn from the Minimum Import Price (MIP) undertaking measures agreed between China and the European Commission, the EU has confirmed.
Renewables sweep Chiles electricity market and set historic low prices
The median price for 12.4 terawatt-hours awarded is around US$47.59/MWh. Wind triumphed and solar took a minimal part of the total, but set new records at $29/MWh.
Neo Solar Power posts NTD826 million net loss in H1
First-half revenues reached NTD10.408 billion (USD334 million ), contributing to an operating loss of NTD834 million. It recorded a gross margin of 3.37%.
Argentina expecting USD4-5 billion investment in solar industry
The Latin American country is preparing itself for an estimated USD4 billion to USD5 billion to be invested in its solar industry by companies over the coming five years, as interest piques before the countrys first renewable energy auction since the new renewable energy law was passed.
BHEL secures EPC contracts for 110 MW of solar plants in India
The Indian solar solutions provider and panel manufacturer received an EPC order for 30 MW of solar plants, which is added to 80 MW of EPC contracts that the company signed at the end of July, displaying BHELs ambitions for expansion in Indias rapidly growing PV market.
Grid-scale battery storage not yet 'panacea' for Australia renewables
A senior solar energy researcher from the University of Queensland has questioned the role of grid-scale battery storage as the “missing link” of Australia’s shift to renewables, and suggested that much more research needs to be done if the technology is to be rolled out successfully.
