Meyer Burger reports €67.8 million loss for fiscal 2017
The Swiss PV equipment manufacturer recorded a loss of around €68 million last year. Although Meyer Burger was able to slightly increase sales, the EBITDA margin was below 3%. This year, the company is aiming for an EBITDA margin of 10%, in order to return to profitability.
Somalia lays ground for solar development
The United Nations Development Programme (UNDP) office in Somalia has issued a Request for Proposals for the financing of a skills development program in the solar energy sector in Mogadishu, Kismayo and Baidoa.
PV has the lowest LCOE in Germany, finds Fraunhofer ISE
According to Fraunhofer ISE experts, PV’s Levelized Cost of Energy (LCOE) currently ranges between €0.0371 and €0.1154 per kWh in Germany. The potential for further cost reductions is vast, the researchers add.
JinkoSolar reveals details of US factory in filing
The plant will make modules based on 158.75 mm square P-type mono PERC cells, and JinkoSolar plans to begin operation in October.
Schletter files for insolvency under self-administration
The German PV company aims to finalize the proceedings, which are possible under German insolvency law since the summer of 2012. Business operations are expected to run at full capacity.
1.2 GW solar project at area of Chernobyl’s nuclear disaster is doable – Engie
The feasibility study was conducted by France’s Tractebel Engineering SA. The authors of the report concluded that the 1.2 GW solar park is feasible, despite the current radioactive contamination levels in the area.
Spain to again host solar cell manufacturing
The production unit of Spain’s five-year idled solar cell maker, Cel Celis has been acquired by Bashmor Engineering. The new investor plans to restart manufacturing activities at the factory in Bembimbre, and to double capacity to 70 MW within a year.
NexTracker provides trackers for Latin America’s largest PV project
The solar trackers made by the U.S. manufacturer will be used for the construction of the 754 MW Villanueva solar project in Torreón, in the Mexican state of Coahuila.
Eon wants to further develop solar DG
In a short chat with pv magazine, the head of Eon’s solar business in Germany, Sebastian Eisenberg has described how the German utility is planning to further develop its PV activities after the company’s recent plan to buy a majority stake in Innogy. The deal, in fact, envisages redistributing operations so that RWE focuses on the renewable energy business, while energy networks and customer solutions would be the responsibility of Eon.
Encavis reports solid results for 2017
The Hamburg-based solar and wind power plant operator saw its revenue and operating result increase significantly last year, thus exceeding its own forecasts.
