Global PV inverter market shakeout and geographical shifts expected, says GTM
European photovoltaic inverter manufacturers see their profits shrink as low-cost Asian players gain ground, according to a new report released by GTM Research. Increased competition is also coming from diversified giants.
UK: Lightsource adds 133 MW of PV in Q1 2013
Lightsource Renewable Energy Ltd has completed and commissioned 34 photovoltaic projects totaling 133 MW in the first quarter of 2013.
ReneSola to supply Enerparc with modules
ReneSola has signed a deal with EPC Enerparc AG to deliver 43.6 MW of modules between April and June this year. 35 MW will be delivered via ReneSola’s OEMs in Poland and India.
Power-one and Phono Solar cooperate on testing program
Power-One, Inc. and Phono Solar have started an Exchange Testing Program. The two companies will exchange products for review and inspection in their own testing facilities.
Japan: Meeco Group announces joint venture with BIJ, finergia
The meeco Group has announced the creation of a joint venture with Japans BIJ Corporation and Italy-based finergia advisory & finance. The new company will focus on clusters of small on- and off-grid photovoltaic plants in Japan and its neighboring markets.
German PV manufacturers continue to post losses
German photovoltaic manufacturers continue posting negative financial results, as the European market remains stagnant. Boschs photovoltaic business unit recorded a 1 billion loss for full-year 2012, as Aleo doubled its loss in 1Q.
SolarWorld expects losses of more than 0.5 billion
SolarWorld AG has said it expects a loss of more than half a billion euros. The German company has also reported the loss of around half its share capital.
New solar policies in India expected to increase demand; help improve margins
According to Bridge to India, close to 1.5 GW of PV projects are currently under development in India. It forecasts that over 1 GW of new capacity will be installed this year. Meanwhile, 2014 is expected to see new installations exceeding 2 GW. Jasmeet Khurana provides a project update and looks at the different state policies.
LDK Solar Q4 net loss tops $0.5 billion
Debt-ridden LDK Solar has recorded an enormous Q4 2012 net loss totaling over US$0.5 billion, significantly up from the $95.9 million loss seen in the previous quarter. Although the beleaguered Chinese photovoltaic manufacturer is under significant financial pressure, it forecasts Q1 2013 revenues of between $80 million to $100 million.
California: New group formed to defend net metering
A coalition of solar companies and physicians has been formed in California, to push back against utility company attempts to wind back net metering for solar customers.
