Panasonic’s 2016 profit falls 9.6% as solar sales sag
The Japanese electronics group posted a net profit attributable to shareholders of JPY 149.4 billion ($1.3 billion) in the fiscal year to the end of March — from JPY 165.2 billion a year earlier — as declining sales of solar panels in Japan eroded its earnings. The group’s net sales fell more than 3% on the year to JPY 7343.7 billion, although its operating profit rose to JPY 276.8 billion, from just JPY 230.3 billion a year earlier.
SolarWorld creates JV for its lithium mining project in Germany
The German solar manufacturer announces partnership with Bacanora Minerals for mining lithium in the Ore Mountains near the company’s Freiberg site; JV to be called Deutsche Lithium GmbH.
Lithium-ion battery storage may be banned inside Australian homes
Lithium-ion battery storage devices – including Tesla Powerwalls and other products – may be banned from being installed inside homes and garages in Australia under new guidelines being drafted by Standards Australia.
AES claims world’s largest battery storage system
The 30 MW lithium ion battery system is the third massive system to go online in Southern California this week, totaling 77.5 MW of capacity.
China continues dominance of global renewable energy
A new report examines China’s clean energy investments, which go well beyond its borders, as well as its increasing dominance of PV production and the lithium-ion battery value chain.
