Shunfeng warns of YOY 80% profit decrease
The Chinese solar power firm publishes preliminary assessment of first half finances warning of an 80% drop in group profit compared to the same period last year.
India to double large-scale solar target to 40 GW by 2020, says minister
Secretary of the Ministry of New and Renewable Energy confirms new generation target of 40,000 MW of solar park capacity likely to be signed off by PM Modi as India seeks buffer to SunEdison-type dangers.
Nigeria government signs MoU with IPP consortium for 300 MW of solar power
Nigus Greenergy and Volt Renewables have signed a memorandum of understanding for the development of 300 MW of solar PV plants in the African country to be developed and commissioned next year.
Total control: billion-dollar buyout of Saft completed
The French giant has finalized the acquisition of the battery producer in a deal thought to be worth $1.1 billion, via the completion of a successful share tender.
Deutsche Bank: U.S. utility-scale solar costs to fall below $1 per watt
The bank says that lower-than-expected U.S. demand coupled with significant new module supply is leading to greatly reduced costs and prices in the U.S. market.
Kaco New Energy restructures Germany site, eyes global opportunities
The German inverter supplier to cut 80 jobs at its Neckarsulm HQ as part of restructuring process, some roles to be transferred to the firms U.S. and South Korean operations.
British fossil fuel energy veterans invest in storage startup Moixa Technology
Three former bosses of large U.K. energy firms confirmed as private backers of new London-based battery technology provider Moixa Technology.
China's Hubei Province added 800 MW of new PV in first six months of 2016
State Electricity Supervision Bureau of North China claims, as of June 30, 2016, grid-connected PV capacity in Hubei Province exceeded 1 GW, reaching a total of 1.28 GW. Newly added installations during the first half of 2016 were close to 800MW.
India will meet climate goals ahead of schedule, says outgoing energy minister
Prakash Javadekar, who is to soon vacate his post as India’s climate minister, has told a Delhi conference that India could meet its renewables and carbon reduction goals earlier than planned.
The pv magazine weekly news digest
The SolarWorld-Hemlock case dominated the news this week, but Intersolar North America, EU investigation into alleged Chinese malpractice and Indias soaring PV ambitions also turned heads.
