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.
The pv magazine weekly news digest
Trump up the volume: there was no escaping The Donald this week as the U.S. presidential election rocked the world, and with it, the solar sector. Other stuff happened too. Promise.
SolarCity again uneven in Q3 as loans and system sales make their mark
Representing 23% of gross residential megawatts booked in the third quarter, SolarCity loan and cash sales helped drive a 76% revenue increase year-over-year as company exceeds 300,000 solar customers.
SunPower results improve during Q3
SunPower reported impressive operational results, but continued losses and warned of impacts over the next few quarters as it copes with intense module price pressures.
US election: solar, renewable and climate advocates cool on Trump win
While those within the U.S. are understandably nervy after Trump’s victory, global observers have taken a more sanguine view on the potential impact of his Presidency on solar markets.
IBC Solar completes eight German tender projects
IBC Solar has completed 23.5 MW of projects across eight sites in Germany. The PV power plants were developed under Germany’s large-scale solar tender program and will receive the full FIT awarded under the tender process, as they have been completed within 18 months of having been awarded.
Vivint Solar shows improved profitability but flat growth in Q3
The residential solar installer is still struggling following SunEdisons failed acquisition, but reported record low prices and improved results.
Breaking: China reduces solar installation target to 110 GW by 2020
China’s National Energy Administration (NEA) announced that the previous target of 150 GW of installed PV by 2020 will be cut by 20% to 110 GW, as it cools its solar industry that had been enjoying an unprecedented boom within the country.
Oil giants dig up $1bn for climate change fund, but renewable industry skeptical
As reported earlier this week, the Oil and Gas Climate Initiative (OGCI) is to invest $1 billion over the next ten years in the development and deployment of innovative low emissions technologies. Funds unlikely to find their way towards renewable industry.
Climate change minister casts long shadow over Irish solar hopes
Touted as a solar market to watch in the coming years, Irish politician Denis Naughten has poured cold water over hopes of further government support, suggesting subsidies could lead to excessive electricity bill increases.
