Daqo posts drop in revenue after volatile quarter for polysilicon
High-purity polysilicon manufacturer, Daqo New Energy, experienced a sequential drop in all major areas during the third quarter of the year, as average selling prices fell alongside polysilicon demand, however, the company was also able to reduce its own production costs, and believes the market has now stabilized somewhat.
Comtec Solar to add residential solar business to company portfolio
The Chinese solar manufacturer has agreed to buy a 51% stake in residential solar business, Forum (Asia), as the company begins to come good on its plans to expand into the downstream side of the industry.
Neo Solar Power Q3 revenue contracts 33.85%, losses hit $84 million
The Taiwanese solar cell producer suffers revenue slump as cell ASPs slump significantly in the third quarter due to tumbling demand. Overseas expansion expenses weigh heavy on balance sheet.
Etrion to sell 60 MW Italian solar portfolio
A joint venture of Enel Green Power and Fondo Italiano per le Infrastrutture has signed the contract to buy the 60 MW of solar projects from Etrion for a fee that could go as high as EUR 102 million, as business for the Swiss power producer seems to be strengthening after posting positive quarterly financial results.
SolarWorld’s year of two halves laid bare as Q3 revenue contracts
Revenue of EUR 204 million is below both Q2 2016 and Q3 2015 despite slight shipments increase year-on-year. SolarWorld cuts production volume and staff in third quarter as it prepares for Q4.
Orange to build 34 MW of solar projects in Jordan
The solar plants from the telecommunications company are the first projects to be equity financed by the Catalyst MENA Clean Energy Fund, which is hoping to set up a selection of renewable energy projects across the Middle East and North Africa, beginning by taking advantage of Jordan’s new “wheeling law.”
Increases in all the right places for Meyer Burger ahead of recapitalization
Swiss solar manufacturing equipment supplier Meyer Burger posted improving financial results for the first three quarters of the year, just days after announcing a major recapitalization program that will see the company issue CHF 160 million in new shares.
Sunrun sprinting to 2016 finish line on strong Q3 results
Third party U.S. residential PV provider raises its outlook for the year after posting solid revenue and deployment figures in its third quarter financials.
Oxford PV to open perovskite fab in Germany
British solar technology pioneer acquires former thin-film production site of Bosch Solar in Brandenburg an der Havel, and will equip fab with pilot-scale capacity for perovskite wafers.
Etrion financial improvement continues in Q3
The Swiss power producer ups revenues and EBITDA year-over-year for Q3, one time impairment expense of $75.7 million on Chileasn solar write-down sees net loss soar, however.
