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.
The Swiss equipment company will provide its OCTOPUS II PECVD/PVD platform to King Abdullah University of Science and Technology (KAUST) in Saudi Arabia.
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.
The Swiss power electronics company’s 2016 financial report reveals reclassification of its solar inverters as Electrification product – a move intended to aid profitability.
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’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.
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.
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