Yingli reduces losses despite Y-o-Y drop in revenue and shipments for 2016
The struggling Chinese module maker was able to reduce its losses in fiscal 2016. Revenue and shipments for last year, however, were down due to lower ASPs and lower utilization rate of production capacity.
Toshiba posts 9-month net loss of $4.85 billion
The Japanese group — which develops solar projects and provides PV systems solutions, in addition to EPC and O&M services — has warned of “substantial doubt” over its “ability to continue as a going concern,” largely due to the decline of its nuclear business in the U.S.
Edisun Power reports increase in revenue and profit
The Swiss solar power producer saw its production increase by 7% in 2016. The company’s PV project portfolio also grew considerably in the past months thanks to the acquisition of several MWs of solar in Spain.
Kaco raises 2016 guidance on strong order increase
The inverter maker has significantly revised up its guidance after a strong start to 2017. The company said it had received several orders from the Middle East, Turkey and India.
Voltalia reports growth of revenue and operational profits for 2016
The French wind and solar power developer saw its turnover increase significantly last year. The company is completing the integration of Portuguese PV company Martifer Solar, which it acquired last summer.
SolarWorld seeks to drastically reduce costs
The German PV module maker has confirmed its financial results for 2016. The company reiterated its outlook, which forecasts that it will become profitable again in 2019.
Meyer Burger keeps working on turnaround plan
The Swiss equipment provider saw its turnover increase significantly in 2016. This growth is due to increasing investments in upgrading technologies and capacity expansion in the PV industry.
Record shipments, lower revenue: Canadian Solar 2016 financials reveal impact of lower module ASPs
The Chinese solar company shipped 5,232 MW in 2016 but saw its revenue fall from $3.47bn in 2015 to $2.85bn last year as the global price squeeze on solar modules hit the firm’s bottom line.
SunPower reports heavy losses in Q4 results
The company took a big hit from restructuring charges, as its latest quarter of dismal financials.
Azure Power quarterly results show 49% EBITDA increase
Indian solar developers post strong financial results for quarter ending 31st December 2016, with 49% EBITDA increase and 46% increase in revenue compared to the same period in the previous year.
