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Dow Corning increases net income as sales drop
U.S. silicon technology giant Dow Corning Corp. on Friday reported a 10% increase in net income last year despite a 9% drop in sales.
REC Silicon to shut down remaining FBR polysilicon production in Washington
The polysilicon maker will also shut down silane units, and says these moves are the result of Chinese import duties on U.S. polysilicon. Falling polysilicon prices may also play a role.
Iran to pay 35% premium for solar, wind plants with domestic content
Iran will authorize 1 GW of solar and wind contracts in March and plans to put 5 GW online over the next decade.
Sharp: Surprise over Foxconn nod, Energy Solutions segment reports biggest revenue drop
Sharp has surprised many by awarding preferred negotiating rights to Taiwans Foxconn for its US$5.9 billion takeover bid, rather than the Innovation Network Corporation of Japan (INCJ). Meanwhile, the electronic giant has reported a net loss for the first three quarters of around $902.5 million, led by its Energy Solutions segment.
Toshiba reorganizing to focus on energy, storage amid major losses
Toshibas latest earnings results show catastrophic losses for the Japanese electronics conglomerate, which are forecast to hit US$6 billion for the FY 2015. Its recent accounting scandal has forced it into restructuring. More emphasis will be placed on its energy and storage businesses, despite these segments also suffering sales declines.
United PV withdraws $90 million Hareon lawsuit
United PV has today announced the withdrawal of a US$90 million lawsuit, after receiving $250 million from an investment fund under a deed of assignment, and reimbursement from Hareon for all arbitration and legal costs.
US: Cumulative solar installs top 28 GW, 16 GW of renewables installed in 2015
According to a new study by BNEF and the Business Council for Sustainable Energy, cumulative solar capacity in the U.S. has reached 28 GW, of which 7.3 GW was installed in 2015. Overall, last year saw 16 GW of renewables added, outstripping fossil fuels for a second year. Energy productivity is also growing, while prices remain stable. Investment, particularly in solar, is also on the rise.
Panasonics solar PV sales suffer from Japanese market weakness
Panasonic reports a slight decrease in sales and a sharper fall in profitability in its Eco Solutions business, which it blames on slowing domestic demand for its solar PV solutions and other products.
Expert analysis: Is SMA out of the woods? Outlook for 2016 is promising
On January 29, SMA published its outlook for 2016, both in terms of financial goals and upcoming product innovations. Industry expert and Smart Solar Consulting CEO, Götz Fischbeck has crunched the numbers and examined how the German inverter giant was able to turn its business around. According to the data, the future is promising.
Sharp bailout plans include breaking business up, merging with Solar Frontier
Rumors have been furiously swirling around the possibility of a bailout of Sharp Corp. Both Taiwans Foxconn and the Innovation Network Corporation of Japan have recently presented rescue plans. The latest news to emerge from Japan is a possible merger with CIS thin film pioneer, Solar Frontier.
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