SolarEdge records record revenue
Israeli company SolarEdge has registered a record revenue for the fiscal quarter 4Q2015. Increased manufacturing capacity and continued active cost reduction measures have brought gross margins to a quarterly and annual high.
Australian commercial market hits new high
The commercial rooftop PV market in Australia has recorded its strongest month of installations in July, with the result bolstering solar installations for month. Almost 17 MW of commercial PV was installed for the month, bringing the annual total to close to 77 MW.
SMA cost cuts take effect in solid H1 financial results
First half sales increase year-on-year by 26% to reach EUR 429.3 million as operating losses narrow over the second quarter, company transformation progressing as planned.
33 successful bids in second German PV tender
Germanys Federal Network Agency has confirmed 33 bids totaling 159 MW have been successful in the countrys second PV tender. The unit price will only be determined once all bidders have paid their deposits. Unhappy, the countrys solar association has called for a doubling of the capacity awarded.
China needs 200 GW of solar by 2020, say industry groups
Country urged to double solar power goal in order to plug projected nuclear and hydropower shortfalls; currency devaluation could provide boon for solar exports but harm EU.
Brazil: Concrete auction details emerge
Brazil has announced that it will contract 2-3 GW of solar projects via auctions in the period of 2015 to 2018 as part of its national electricity generation and transmission plan. Meanwhile utility Cemig looks to developing domestic module production.
Vivint Solar Q2 profit hits $13.7 million
Second quarter financials for U.S. solar leasing company reveal installation increase of 78% year-over-year, driving a 146% increase in revenue.
Hanwha Q Cells announces 78.6 MW solar deals in India, Philippines
Korean solar firm will create joint venture with India’s Azure Power for creation of 50 MW solar plant in Andhra Pradesh, also announces involvement on 28.6 MW PV project in the Philippines.
Construction of world's first modular large-scale storage system begins
E.ON and SMA to lead on 5 MW modular battery system, funded by the German Federal Ministry for Economic Affairs and located at Aachen University in Germany.
LG plans to develop next-generation EV batteries
3M and South Korean LG Chem have signed a patent deal for the continued development of NCM (nickel, cobalt, manganese) lithium-ion batteries. LG Chem hopes to develop improved electric car batteries with the acquired patent knowledge.
