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First Solar posts 89% boost in first-quarter net profit, announced new projects

The Arizona-based thin film module maker reported 404 MW in new bookings in the first three months of 2014, including the 53 MW Shams Ma’an project in Jordan. It will next build 42.76 MW in California.

China imposes punitive duties on EU polysilicon

Anti-dumping duties of 42% will apply to German, Italian and Spanish companies, including Schmid, Joint Solar Silicon, MEMC Electronic Materials and Siliken Spain.

Wacker sees first-quarter net profit soar

A one-off windfall from a restructured solar sector deal resulted in stratospheric profits for the polysilicon giant.

Power-One rebranded as ABB

The move is part of the power and technology group’s full integration of the U.S. inverter manufacturer ahead of this year’s major trade fairs.

Panama approves 29 MW of PV projects

Enel, which built the country’s first PV plant, has already signed a grid agreement for a new 9 MW project. The Italian group is eager to develop Panama’s solar sector.

AEG Power Solutions sells Indian facility to Toshiba Mitsubishi

While the Netherlands-based power electronics systems provider is focusing on its core business and markets, the Japanese group is looking to expand its footprint in India.

Egypt embraces solar, announces $1 billion investment

The Egyptian government has announced plans to invest significantly in solar power development in order to increase the share of green energy in the country and to spur job creation.

Algeria launches feed-in tariff

The new tariff will be valid for 20 years and available for ground-mounted solar parks of more than 1 MW. The FIT will be paid only for a limited number of hours per year.

Russia to invest $4.2 billion in solar sector by 2020

The state-owned tech investment giant Rusnano and Russian conglomerate Renova are key players in the country’s burgioning solar sector.

Hawaiian Electric affirms commitment to solar

Boasting one of the highest levels of installed solar power in the country, Hawaiian Electric has rejected the findings of a recent poll and claims that it has “a significant public image problem.”

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