Singulus forecasts return to profit in 2017, solar segment to drive sales
Troubled German solar and optical disk production equipment supplier Singulus has issued an outlook for 2016, in which it forecasts slightly negative earnings in 2016 and return to profit in 2017. Solar sales are forecast to account for more than 70% of revenues in 2016.
IFC program pledges 200 MW solar for Senegal
Senegal become second African country to join the International Finance Corporation’s Scaling Solar program; 200 MW of PV capacity additions scheduled over the next few years.
Valoe signs biggest deal, with 150 MW module line to Ethiopia
Finnish solar production equipment supplier Valoe has announced a deal to supply a 120 MW 150 MW module assembly line to a new Ethiopian PV manufacturer, in a deal worth 15. 8 million (US$17.9 million). The deal is Valoes largest to date and will see it provide its Metal Wrap Through (MWT) cell interconnection technology.
Germany: SMA teams with grid operator Tenne T to provide real-time solar data
Collaboration marks greater effort of solar industry to work with grids on gaining greater understanding and control of solar’s intermittency; partnership can digitalize electricity supply, SMA says.
PV Crystalox closes Japanese wafer business, continues strategic review
The UK-based wafer maker will keep its German wafering operations going while it continues to mull future plans.
Tesla Energy delivers positive growth margin in Q4, company-wide losses predicted to end in 2016
Tesla has reported that its Energy business unit achieved a positive gross margin in Q4 2015, while the company has delivered its 11th quarterly net loss. Tesla pointed to its Energy segment as a key lead generator for the firm, with its Powerwall and Powerpack products delivering more than double the amount of potential Tesla customer inquiries than its automotive business.
US Clean Power Plan blocked by Supreme Court
The U.S. Supreme Court has put President Barack Obamas Clean Power Plan on hold until it determines the plans legal merits, expected this summer. Despite the surprise, many are confident the decision wont affect coals continued decline in the States amid a burgeoning renewable industry.
Orix on track to meet 900 MW Japanese solar goals
Japanese finance and leasing company, Orix has said it aims to invest around US$872 million in installing 550 MW of solar in Japan in the next two years. This would take its cumulative capacity to 900 MW, thus achieving targets outlined in 2014.
Sunverge picks up $36.5m investment, ARENA participates as backer
The California-based distributed energy storage developer has secured Series C funding from the Australian Renewable Energy Agency and four other public and private investors.
Enel Green Power revenue flat for 2015, EBITDA falls 5.3%
The Italian clean energy developer posts total revenue for 2015 of EUR 3bn, which mirrors 2014 performance; net installed capacity of clean energy reaches 10.5 GW, a 9% increase.
