SolarCity cuts co-founder salaries to $1, announces job losses
In SEC filing, U.S. solar lease provider reveals it expects to incur restructuring charges of $3-$5 million in light of unspecified number of job losses. CEO and CTO to accept reduced salary as reduced guidance bites.
Meyer Burger posts 75% annual sales increase in H1 2016
The Swiss solar tooling specialist posts 20% order increase and positive EBITDA for the first half of the year, placing the firm on track to exceed guidance and put itself firmly in the black for 2016.
1366 Technologies unveils 3-D wafers
The company says that its 3-D wafers lower the amount of silicon needed for each wafer without losing strength or performance.
Renewables sweep Chiles electricity market and set historic low prices
The median price for 12.4 terawatt-hours awarded is around US$47.59/MWh. Wind triumphed and solar took a minimal part of the total, but set new records at $29/MWh.
Argentina expecting USD4-5 billion investment in solar industry
The Latin American country is preparing itself for an estimated USD4 billion to USD5 billion to be invested in its solar industry by companies over the coming five years, as interest piques before the countrys first renewable energy auction since the new renewable energy law was passed.
Hopes remain for Indonesia's new solar policy despite minister sacking
Indonesia’s Energy and Mineral Resources Minister Arcandra Tahar was dismissed on Monday, less than a month after the government issued a new decree for the development of 5 GW of solar energy over the next 2-3 years using a new feed-in tariff (FIT) scheme.
SolarWorld's finalized Q2 financials confirm encouraging growth
The German PV manufacturer recorded significant growth in the company’s sales and revenues compared to the same period last year, while also getting its EBIT back into profit, although it had to revise down its preliminary results.
Sierra Club highlights 100% renewable communities
The environmental groups latest report looks at 10 communities in the United States that are moving to 100% renewable energy.
UK: Solar will be cheaper than nuclear by time Hinkley plant is built, government admits
Unpublished report by U.K. government calculates cost of large-scale solar to be around GBP 50-75/MWh by 2025, less than nuclear at GBP 85-125/MWh.
SolarCity to make BIPV modules at Buffalo factory, will consider cell partnership
Industry analysts note that the market for residential BIPV in the United States is “non-existent” at present, and SolarCity’s plans to use crystalline silicon are a new direction.
