Etrion Corporation has seen net loss plummet in both Q3 and the first nine months of the year, on the back of low electricity prices in Italy and impairment charges associated with the freezing of its solar PV pipeline in Chile. Revenues and EBITDA were also negatively affected.
Work on what will become one of the Philippines largest PV plants when complete, is underway. JA Solar has supplied 92.5 MW of its solar modules to the Cadiz Solar Power Project, located in the Negros Occidental province. Overall, the Department of Energy (DOE) has approved 2.5 GW of solar projects in the country.
Germany will miss its 2030 renewable energy targets if current policies do not change, according to a new report by IRENA. However, there is potential to meet, or even exceed them, if renewables are better deployed in the power and end use sectors. In the positive scenario, 11 GW of residential solar+storage could be installed by 2030, and cumulative PV capacity will reach 75 GW.
Manz AG has recorded a net loss of EUR 33.8 million in the first 9 months of the year. Order delays and cancellations totaling around EUR 140 million have negatively affected the German manufacturers business. A major restructuring is underway, particularly in the solar segment, the key details of which are set to be unveiled on December 10.
IHS estimates that 272.4 GW of solar will be added globally between 2016 and 2019. 1H 2016 will see “strong” PV production and shipments; while China, the U.S., Japan, India and the U.K. will comprise the top 5 markets next year.
Solar and wind energy are lower cost than fossil fuels in Chile, reports Deutsche Bank, with solar the cheapest source of electricity generation. While over 1 GW of solar is set to be installed this year, there are still significant hurdles to overcome, meaning the market could slow to just half that in 2016.
Hunter Valley in Australias New South Wales is set to see its first new town in 50 years. The aim is to have the 20,000 strong residential development powered by a 100% renewable microgrid. AU$1.1 million is being invested in the initial investigation.
Phoenix Solar AG is approaching breakeven, having recorded its first positive operating result in six quarters. Revenues were five times higher than in Q3 2014, while the free order book position stood at EUR 85.5 million as of September 30. The U.S. market is boosting performance.
Sheen Tai Holdings Group Company Limited has seen another 15 MW solar PV project approved in China, thus bringing the total MWs accepted this year to 230.
8minutenergy Renewables, LLC has signed a PPA with the Southern California Public Power Authority (SCPPA) for its 191 MW dc solar PV project, which is slated for completion in California, the U.S. in Q4 2016.
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