SMA raises sales forecasts again, Americas inverter sales to increase >35% in 2016
SMA Solar Technology AG has again raised its full year earnings forecasts, despite recording an overall net loss. Restructuring efforts are also paying off, with the company recording cost savings of 100 million. In 2016, it expects inverter sales in the Americas to increase by more than 35%; Japan will see a decline.
Sunpower introduces new PV module design, offers 2016 guidance
Sunpower has introduced a new PV module series based upon a novel interconnection technology, as well as warning of a fall in revenues and a loss in 2016 as it plows more projects into its yieldco.
Mississippi and Alabama approve utility-scale solar projects
Mississippi has approved 105 MW of utility-scale PV as the latest state in the U.S. Deep South to do so, and Alabama has given the go-ahead for another 21 MW.
SunEdison project business booms amid a changing course
SunEdison reported a very strong quarter in its project business with far more solar and wind projects under construction than ever before at 2.9 GW, as the company shifts strategy.
IEA talks Energy Transition, but still low-balls future growth of wind and solar
IEA’s World Energy Outlook 2015 acknowledges the increasing importance of non-hydro renewable energy, but retains unrealistically pessimistic estimates of cost reduction and future market growth.
Manz records significant net loss
Manz AG has recorded a net loss of EUR 33.8 million in the first 9 months of the year. Order delays and cancellations totaling around EUR 140 million have negatively affected the German manufacturers business. A major restructuring is underway, particularly in the solar segment, the key details of which are set to be unveiled on December 10.
Trina sets a new world record of 21.25% efficiency with multicrystalline silicon
This new world record for a multi c-Si cell beats Trina’s previous record of 20.78%. Trina says that the processes used can be easily integrated into mass production.
Global pledges only halfway to meeting emissions target, says UN
Report from United Nations finds that current efforts to tackle climate change will only achieve half of the reduction in greenhouse gases required if world is to keep temperature increase below 2c.
More than 130,000 petitions to preserve net metering delivered in California
A coalition of environmental, faith, business, consumer and labor organizations have joined solar advocates to deliver a record number of petitions to California regulators in support of the policy.
Oil giant BP forecasts larger role for solar+storage in energy future
Despite ‘abundant’ oil and gas resources and increasingly sophisticated extraction methods, pressure to reduce carbon emissions, coupled with falling component costs, will see solar+storage play greater role in energy mix.
