Revenues rise for Scatec Solar, as projects under construction surpass 1 GW
Norwegian project developer, Scatec Solar has posted increased revenues for the second consecutive quarter. The company states that this performance is primarily attributed to its increased development and construction activities, with more than 1 GW of projects under construction worldwide.
REC Silicon hit by falling demand in Q2
Norway headquartered polysilicon producer, REC Silicon posted a loss of US$9.6 million for the second quarter of 2018, amid reduced production and increasing inventory. The company’s Solar Materials segment was responsible for much of these losses, with decreased demand and ongoing trade wars cited as the cause.
Guyana secures financing for 100 MW solar project
The $80 million scheme is expected to be financed by the Inter-American Development Bank, with the support of the Norwegian government. The funds concerned were originally to be devoted to a hydropower project.
China shakes PV world
The solar superpower’s departure from its ambitious PV targets has shaken the industry and put a dampener on share prices. Analysts from U.S. investment bank Roth Capital expect a module oversupply mountain of more than 30 GW as a result of the policy change.
Scatec wants to double size of project pipeline
Chief executive of Norwegian developer tells markets his company will deliver on 1.5 GW promise by the end of the year – by including any projects it has broken ground on.
MW-sized solar parks proliferate in Sweden
Swedish power distributor Göteborg Energi is planning to deploy two PV plants totaling 6 MW while initiatives for solar parks above 1 MW are being implemented in several regions.
PV leading the charge to low-emission future says IEA
With 34 of the 38 key technologies needed to hit the Paris Agreement’s best-case scenario falling short, PV and electric vehicles are keeping hopes alive
REC Silicon swings to profit in Q1 2018
The Norwegian headquartered polysilicon manufacturer saw its revenue and shipments increase significantly year-on-year. The global polysilicon market, the company stressed, is still dominated by long-term fixed sales contracts and high polysilicon inventory levels.
Revenues rise for Scatec Solar amid increased construction activity
Norway based project developer, Scatec Solar has posted consolidated revenue of NOK 289 million (US$37.1 milion) for the first quarter of 2018, and the company’s EBITDA increased to NOK 212 million ($27.1 million), over the previous quarter’s NOK 207 million. It attributes the improved financials to an increase in development and construction activity.
Norwegian solar market grew by 59% in 2017
The country’s cumulative installed PV capacity reached 45 MW at the end of last December. Newly installed PV systems for 2017 totaled around 18 MW, which was the largest annual growth ever registered in the Norwegian PV market.
