Hanergy Solar posts 57% profit increase in 2013
The Chinese solar company enjoyed a net profit of $266.7 million last year, boosted by an increase in delivery of turnkey lines.
Chinese PV exports to Europe fell 62% in 2013
Figures from the China Chamber of Commerce confirm China-European business revenues down by $3.7bn last year.
100 GW annual PV deployment by 2018, says NPD Solarbuzz
The global PV industry will add 100 GW of capacity a year by 2018 say the analysts, with c-Si technology set to dominate the landscape.
Solar spending could reach $3.8bn in 2014, says IHS
The analysts expect global expenditure on solar PV to increase by 45% on last year, with Latin America leading the way on manufacturing growth.
Analysts expect $58m loss for SMA
The overcapacity and price falls that dogged manufacturers are expected to have finally fed through into this year’s results for German inverter maker SMA Solar. The figures will be confirmed on Thursday.
SolarCon China closes on high note
The three-day Shanghai conference and exhibition showcased a booming domestic PV market and a recovering manufacturing industry while focusing on the country’s increasingly significant downstream sector.
Japan proposes new FITs, unveils lithium-ion battery subsidies
The Japanese government is expected to approve recommendations to slightly reduce PV FIT levels while introducing a new subsidy program for battery storage systems.
Wacker strikes polysilicon deal with Chinese government
The amicable solution reached with the Chinese Ministry of Commerce ensures Wacker’s minimum import prices are based on market levels. MOFCOM will refrain from applying punitive tariffs.
Texas utility secures rock-bottom price for solar
Under the unprecedented agreement between Austin Energy and SunEdison, the utility will buy solar power for less than $0.05 per kilowatt hour.
$100m renewables fund for sub-Saharan Africa
The African Renewable Energy Fund closed its first round of capital raising with $100 million in the bank. The fund hopes to double the amount available for 5-50 MW schemes within 12 months.
