ET Solar moves into the Turkish PV market
ET Solar has entered Turkey’s PV market with its new Turkish arm ET Solutions Istanbul. The company has already bagged two 1.1MW projects.
India: Welspun to develop 8.7 GW of solar on back of strong investment
Of its 11 GW renewables target, Welspun Renewables has said it will develop 8.66 GW of solar PV in India. Investment in the country is said to be strong, with Welspun expecting a “substantial inflow” of capital.
Phoenix Solar sees H1 revenue boost, expects positive 2015 EBIT
Phoenix Solar has seen revenues soar around 300% in the first half of 2015, compared to the previous year. The U.S. is pushing strong growth. Despite this, the company recorded a higher net loss. Overall, it expects a return to a positive EBIT by year end.
Germanys second PV tender oversubscribed three-fold
A total of 136 bids totaling 150 MW were received by the Federal network Agency in Germanys second solar PV tender round. The prices for the generated solar energy are still to be determined.
Report: Panasonic largest li-ion battery cell producer
With 20.5% market share, Panasonic has emerged as the leading lithium ion battery cell supplier to the global market for the first half of the year. The data comes from Korean market research firm SNE Research, which found that East Asian manufacturers are dominating the space, with Samsung SDI, LG Chem, ATL and Sony rounding out the top five suppliers.
SunEdison, TerraForm Power report net losses, higher revenues
SunEdison has reported relatively stable Q2 and H1 financials, with a narrowing of its Q/Q net loss and sales increases. Yieldco, TerraForm Power, meanwhile, posted a positive Q2 net income, but big H1 loss. Deutsche Bank believes the drop in investor confidence is “overdone.”
Acme Solar wins 446MW
Another major winner in the 2,000MW Telangana state PV capacity tender appears to be Haryana-based energy management group Acme.
First Solar Q2 revenues soar on three project sales
First Solar has reported a doubling of revenues Q/Q on the back of the sale or majority interest sale of three projects. The company reports sales of US$896 million for the quarter, with revenues from its joint 8point3 Energy Partners’ IPO adding to revenues.
Enphase Energy Q2 shipments up 48% YOY
U.S. module level power company ships record 195 MW in second quarter, revenue up 25% year-over-year, reaching $102.1 million.
$4 million funding for solar startup Bright
Solar advocate Jonah Greenberger’s brainchild “Bright” has managed to raise $4 million in funding. Bright’s aim is to install solar panels on Mexican roofs under a subscription program, where homeowners get panels for free but pay for use.
