The U.S. supplier of automation systems for the PV industry also saw order intake and quarter-end backlog increase in the latest quarter. All of the company’s segments contributed to the turnover growth registered in this period.
A new decree sets feed-in tariffs for PV installations up to 100 kW in Corsica, Guadeloupe, French Guyana, Martinique, Mayotte, and La Réunion.
A difficult market environment has led to a drop in sales and profits. The German inverter maker, however, was able to keep writing black numbers in the latest quarter.
Leading solar analysts say that SolarWorld’s bankruptcy, announced yesterday, should not have come as a surprise. Pointing to the current “viciously competitive” cell and module market, and the ongoing dispute between Hemlock and SolarWorld subsidiary Deutsche solar GmbH, analysts from IHS Markit and BNEF, say that the writing had been on the wall for the German company for some time.
The European solar industry’s peak body SolarPower Europe says that yesterday’s insolvency announcement, from German-based producer SolarWorld, is regrettable and that it is of “vital importance” that all parts of the solar value chain are present in Europe.
German laser specialist LPKF has made a good start to 2017, with especially strong performance from its solar equipment segment, which saw a revenue increase by 71% compared with the same period for the previous year.
The German equipment provider reports an operating profit of €20 million for the first quarter of this year.
In the country’s new energy strategy, the Italian government is planning to phase-out coal power plants starting 2025, and to support utility-scale PV projects through long-term PPAs.
Today, SolarWorld AG filed for insolvency in Germany, and it is unclear whether or not its U.S. subsidiary will also file. In the following interview, Mercom Capital CEO Raj Prabhu talks about what this means for the U.S. solar industry.
EU ProSun has described the bankruptcy of SolarWorld as a “serious blow to the German and European solar industry.” The lobby group, which has long advocated for tariffs against Chinese solar modules, “deplored” the news of the German-headquartered manufacturer’s insolvency – in a statement released minutes after SolarWorld’s official announcement.
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