Phoenix Solar has seen revenues soar around 300% in the first half of 2015, compared to the previous year. The U.S. is pushing strong growth. Despite this, the company recorded a higher net loss. Overall, it expects a return to a positive EBIT by year end.
SunEdison has reported relatively stable Q2 and H1 financials, with a narrowing of its Q/Q net loss and sales increases. Yieldco, TerraForm Power, meanwhile, posted a positive Q2 net income, but big H1 loss. Deutsche Bank believes the drop in investor confidence is “overdone.”
The EPAs highly anticipated Clean Power Plan was unveiled yesterday. Utility-scale solar and wind have been handed a leading role in carbon reduction; distributed solar has not been included, and storage is seen as non-essential. Deutsche Bank says the increased support could suggest a potential ITC extension. Under the new rules, states have until 2018 to submit their final plans.
Latin America saw 363 MW of utility-scale solar PV come online in Q2, representing an 80% YOY increase, writes GTM Research. Overall, the region has a solar pipeline totaling 34 GW, with 981 MW entering construction in Q2.
NRG Energy has recorded a relatively successful Q2 2015, with a marked improvement seen in its net losses. The U.S. energy giant has revised its residential solar market outlook down, due to increased market positioning expenses, but says it is nonetheless among the top 4 players.
In its IPO, launched on July 31, SunEdison Inc.s yieldco, TerraForm Global Inc. raised US$675 million through the sale of 45 million Class A shares on the NASDAQ stock exchange, priced at $15 each. An additional 6.75 million shares were also on offer.
SolarWorld AG has reported a surge in solar shipments in the first half of 2015, with revenue also on the up. In its preliminary results, the German manufacturing giant confirms its full year shipment forecast of over 1 GW, and a positive operating EBIT.
U.S. utility, Georgia Power has signed an agreement with the Department of the Navy to install a 30 MW solar PV plant at the naval Submarine Base (SUBASE) Kings Bay in St. Marys, Georgia.
Reviewing this years Intersolar North America, Deutsche Bank concludes that global solar demand is “robust,” despite the “worse than expected” recent U.S.-Sino tariff decision. Yieldcos are set to continue to boost the industry, while inverter competition is said to be intensifying.
The European electricity grid successfully weathered the recent large-scale solar eclipse, despite no grid having encountered such conditions before. To prepare for the next two in 2021 and 2026, however where solar capacity is expected to triple solar technology developers and grid operators must work together. In a new report, SolarPower Europe and Entsoe say progress is needed in five key areas.
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