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The pv magazine weekly news digest
German behemoths SolarWorld and SMA both lowered their financial forecasts this week; Tesla reveals details of its Panasonic partnership, and the IEA ups its renewables forecast, albeit only slightly.
Fotowatio awarded 300 MW project in Mexican auction
The Spanish solar developer has revealed that it was awarded a 300 MW project in the second Mexican power auction that took place in September, with a lower than average bid of USD 26.99 per MWh.
Leclanché ups 2017 revenue guidance to 75% growth
Swiss-headquartered energy storage specialist reveals contract backlog of 85 MWh and ongoing negotiations equating to more than 300 MWh of new storage capacity over coming years.
Venture capital funding in batteries and smart grids declines sharply in Q3: Mercom report
Latest Mercom Capital report finds that just $102 million in VC funding for smart grid, battery storage and efficiency sectors was raised in Q3, down from $433 million in Q2. Project funds for residential and commercial storage soars, however.
SolarWorld to miss 2016 forecasts
The German PV manufacturer announced that although it is set to achieve its shipment forecast for 2016, it is unlikely to meet its revenue and EBIT forecasts for the year, and has already begun to point the finger at Chinese companies.
India: TANGEDCO's 500 MW Tamil Nadu solar tender represents risk, says Mercom
Known for late payments and curtailment, the latest request for selection by the Tamil Nadu Generation and Distribution Corporation represents something of a risk for developers, says Mercom Capital.
SMA lowers financial forecast for 2016
German inverter manufacturer, SMA Solar Technology, has been forced to reduce its financial outlook for 2016, making it the second German solar industry manufacturer to announce forecast reductions today, after SolarWorld made a similar announcement.
GCL New Energy selling USD 14 million of PV equipment to China Finance
The solar PV manufacturing equipment will be sold to China Finance in two separate transactions, and will then be leased back to two separate subsidiaries of the GCL New Energy group, as the company looks to raise capital to reduce its debts and stimulate business development.
8minutenergy announces capital raise to support 5.5 GW PV pipeline
The California-based solar developer is looking to take advantage of a growing U.S. PV market, by raising capital on its near shovel-ready projects, which the company believes have a value in excess of USD 1 billion.
Stunning price falls could spark another gold rush for US solar PV market
A Deutsche Bank report has predicted “sharp declines” in US solar module and inverter prices that it says could drive payback periods down to less than five years and spark a “final ‘gold rush'” in the American residential, commercial and industrial markets, starting in 2017.
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