Switzerland

Etrion posts $110.4 million net loss in 2016

The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.

INDEOtec receives PECVD equipment order from Saudi university

The Swiss equipment company will provide its OCTOPUS II PECVD/PVD platform to King Abdullah University of Science and Technology (KAUST) in Saudi Arabia.

Leclanché storage pipeline grows to 450 MWh as 2016 revenue rises 56%

The Swiss vertically integrated storage solutions company reports 2016 annual revenues of $27.6 million and 2017 order backlog of 85 MWh of new utility-scale storage projects.

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.

Meyer Burger receives CHF 18 million order

The Swiss technology company will provide its MAiA 2.1 technology to two customers in Asia.

Meyer Burger continues strong start to 2017 with new CHF 19 million orders

The Swiss PV manufacturing equipment supplier has had an excellent start to the year, with these now the company’s sixth major orders for its highly technical equipment, while the recapitalization stays on track with an approval from the High Court for the resolutions of the bondholders.

Meyer Burger receives third significant order in a week

Meyer Burger’s solar PV manufacturing equipment is in vogue at the minute, as the company has enjoyed a flurry of new orders in the last week, the most recent a CHF 8 million (USD 7.9 million) order from one of the company’s existing European customers.

Multi-Contact becomes Stäubli Electrical Connectors

The 15-year partnership between Multi-Contact and the Stäubli Group has now been fully celebrated, as innovative manufacturer of electrical contacts and system solutions Multi-Contact rebrands, and takes on the well-respected Stäubli name.

Meyer Burger secures CHF 20 million in new orders

Swiss PV manufacturing equipment producer Meyer Burger has started the new year on a high, by securing two orders of its MB PERC technology equipment worth CHF 20 million (USD 19.6 million) from two of its existing Asian customers.

Etrion repurchases €40 million in bonds

With this action the independent power producer has halved the value of its outstanding bonds, and will reduce its annual interest costs by 50%.

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