SunPower files lawsuit against SunEdison, former employees for poaching trade secrets
In a U.S. federal lawsuit filed yesterday, June 3, SunPower Corp. has accused SunEdison Inc. of poaching over 20 employees and trade secrets between 2011 and 2014, in order to gain a competitive edge.
Ikea pledges EUR 100 million for solar expansion
As part of a EUR 1 billion climate action investment, Ikea has pledged to channel EUR 100 million in installing solar. Overall, EUR 600 million will go towards wind and solar projects, with the remaining EUR 400 million going to the Ikea Foundation.
Vivint Solar unveils $150 million plans for commercial, industrial solar sector
As part of its expansion plans, Vivint Solar has announced it will enter the commercial and industrial solar sectors via a US$150 million investment fund. It has also partnered with a number of EPC companies.
Daimler enters energy storage market with Mercedes-Benz branded batteries
Daimler AG has announced its entry into the stationary energy storage market. With its Mercedes-Benz branded lithium-ion batteries, it will target both industrial customers and residential applications.
Eminent UK scientists announce global clean energy "space-race" program
The Global Apollo program looks to emulate the successful moon missions of the ’60s by diverting similar levels of efforts and funding towards making clean energy cheaper than coal.
India: JA Solar and EIL sign 500 MW PV manufacturing MOU
Under a memorandum of understanding (MOU), JA Solar Holdings Co., Ltd has joined forces with Essel Infraprojects Limited (EIL) to establish a solar cell and module manufacturing facility.
Taiwans NSP announces yieldco
Jumping on the bandwagon, Neo Solar Power Corporation has announced it will form a yieldco. An investment of US$50 million has been earmarked by the Taiwanese company. It plans a public listing by Q1 2016 at the latest.
BYD to establish PV module facility in Brazil
BYD Company Limited has said it will build a 400 MW PV module manufacturing facility in Brazil, together with APEX-Brasil. It is scheduled to open in the first half of 2016.
High liability to asset ratios and low inventory turnover signal "solvency concerns" for PV companies
Based on their liability to asset ratios, and low inventory turnovers, Yingli Green Energy and Canadian Solar, among others, are posing “potential solvency concerns,” according to a leading solar research analyst. First Solar, meanwhile, appears to be the fittest solar company analyzed.
India presses state to raise solar ambition
Maharashtra state should aim for 25 GW of renewables by 2020, says ‘Union minister’. Of the current 14.4 GW target in the state, 7 GW is expected to come from solar.
