Yingli losses push past $50m in Q3
The Chinese solar company cites weak demand in China and module oversupply for lower revenues, profit and margin; will pivot towards higher efficiency sales in 2017.
Global inverter shipments to contract 5% in 2017 before steady recovery, says GTM Research
Consolidation of top 10 suppliers continues as Chinese inverter firms Huawei and Sungrow top shipment chart, while SMA’s U.S. strength sees it cling on to top spot for revenue, report shows.
Tata Power Solar becomes second Indian module manufacturer to achieve Tier 1 status
Bloomberg New Energy Finance now considers the Indian solar company a Tier 1 operator, becoming only the second in the country after Vikram Solar to earn the accolade.
Indian solar imports grew 47% in first half of FY 2016, finds Mercom Capital
Close to $1bn of solar modules and cells imported into India in the first six months of the financial year, while exports rose 12% to reach $52 million, finds latest analysis by Mercom Capital Group.
NEXTracker unveils tracker plus storage solution
The first such product of its type, the NX Fusion Plus comprises a solar tracker, battery and inverter designed to increase energy output and performance duration of solar power plants.
BREAKING: SunPower to close Philippines factory, lay off a total of 2,500
The company has announced a major restructuring as it attempts to right-size and address the hole in its balance sheet.
EnergyAustralia signs foundation contracts for 500 MW solar and wind PPAs
The energy company is close to agreeing AUS$1.5 billion worth of power purchase agreements for solar and wind projects located in eastern Australia.
Oxford PV secures additional GBP 8.1 million in second series C financing round
The British perovskite pioneer attracts yet more funding, this time via three new strategic investors, including Statoil ASA and Legal & General Capital.
All-time high in US storage investment in Q3, finds GTM report
Disclosed venture funding and project finance of energy storage projects in the U.S. in the third quarter reached $660 million, although actual deployments contracted slightly, says GTM Research.
Enphase offloads residential O&M arm to SunSystem Technology
The U.S. microinverter specialist confirms that SunSystem Technology will act as the company’s primary residential O&M service provider after selling its O&M field service division Next Phase Solar.
