Toshiba posts $439.5 million H1 loss as solar ops struggle
Toshiba has posted a group net loss of JPY 49.8 billion ($439.5 million) for the first half of the current Japanese fiscal year, but the bleak outlook for its solar operations is the least of its concerns, as it struggles to cover losses from its bankrupt U.S. nuclear business and avoid being delisted from the Tokyo Stock Exchange (TSE).
Toshiba narrows PV loss as group struggles to survive
Toshiba has reported a group net loss of JPY 965.7 billion ($8.8 billion) for fiscal 2016, as its energy systems and solutions business — which which builds solar, wind, geothermal and hydropower projects, in addition to battery-based energy storage systems and smart meters — posted an operating loss of JPY 41.7 billion in the 12 months to the end of March 2017, marking a significant improvement from the preceding fiscal year.
E.ON completes 10 MW energy storage system in Arizona
The Iron Horse project is paired with a 2 MW solar array and will provide frequency regulation as well as voltage control support.
