Foresight Solar Fund annual results show impressive growth
The investment company, which focuses on operating ground-mount solar assets in the UK achieved total revenue of GBP 34.2 million (US$ 42.7 million).
German Police detain PV module thieves
Four men have been arrested on suspicion of theft, after an extensive investigation by German and Polish Police forces. The men are said to have broken into solar parks in several German states in order to steal modules and inverters.
REC Silicon posts Q4 2016 revenue increase, expects strong H1 2017 for polysilicon market
The Norwegian silicon producer increased its fourth quarter revenues by $30 million on Q3, and forecasts rising demand for polysilicon in China ahead of the country’s July FIT decrease.
DSM acquires Chinese backsheet manufacturer Sunshine
The Dutch science-based company has announced plans to expand its product portfolio for solar, with the acquisition of China based Suzhou SunShine New Materials Technology (Sunshine), a manufacturer of PV backsheets.
UK local authorities cite lack of Government support as main barrier to solar
A Freedom of Information request made by Korean giant LG Electronics has revealed that 47% of local authorities in the UK see the lack of Government incentives as a barrier to solar investment.
Nuon to combine 70 MW of solar with wind farms in the Netherlands
The Dutch subsidiary of Swedish energy giants Vattenfall has announced plans to add 70 MW of PV capacity at six windfarms located across the country. Plans to include storage applications at at least one of the sites are also in the works.
Trina Solar sells 30 MW of UK solar assets to Pensions Infrastructure Platform
British pension investment fund purchases six 5 MW solar farms located in various sites across England, for an undisclosed sum from the Chinese solar power company.
European Commission approves new schemes for French solar
Two new programs supporting both residential and largers scale solar will enable France to develop around 2.6 GW of new projects, pushing the country to reach its EU set target of producing 23% of its energy from renewable sources.
SolarWorld to shut down multi production, shed 400 staff by 2019
The German-headquartered solar power company posts year-on-year revenue and shipment increases of 5% and 19%, vows to strengthen competitiveness in 2017 with focus on monocrystalline high-efficiency products. Jobs will be lost along the way, however.
ABB to transfer solar inverter business to new division
The Swiss power electronics company’s 2016 financial report reveals reclassification of its solar inverters as Electrification product – a move intended to aid profitability.
