A new report from Environment America, titled “Shining Cities: Harnessing the Benefits of Solar Energy in America,” sheds light on the impact that cities have in terms of expanding the PV sector within the United States.
New PV installations were down 36% in 2014, the 10th annual Market Workshop of the European Photovoltaic Industry Association (EPIA) announced Thursday.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings reported group sales of US$4.8 billion and returned to a profit of US$277.9 million in 2014, operating its polysilicon and solar wafer operations at full capacity.
New figures released by UK governmental body the Department for Energy and Climate Change (DECC) today revealed that solar PV generation in the country almost doubled in 2014.
Israeli micro-inverter manufacturer SolarEdge began trading on the NASDAQ stock exchange in New York today in an initial public offering of 7,000,000 shares.
Off-grid renewables specialist Sunlabob Renewable Energy has secured a US$2.1 million investment from UK-based Truestone Global Impact Fund to fund its international expansion.
PV and polysilicon equipment specialist centrotherm Group returned reported a return to profitability in 2014 on the back of recovering sales of €189.2 million, driven by an upturn in revenue from PV equipment sales and progress on building a polysilicon plant in Qatar.
US residential PV installer and leasing company Sunrun has formed a nationwide partnership to market its solar services to the clients of Associa, a company which provides property services to communities.
Major PV equipment specialist Meyer Burger reported a 56% increase in 2014 sales and new order intake 13% above 2013 levels.
Beleaguered German inverter manufacturer, SMA Solar, has ended the fiscal year with sales slightly higher than expected but still down 13.6% on 2013 and with an operating loss almost twice as large as last year’s.
In fiscal year 2014, SMA Solar Technology AG (Niestetal, Germany) recorded a sales decline of 13.6% to EUR 805.4 million (2013: EUR 932.5 million) primarily as a result of the solar photovoltaic (PV) market development, the company reports.
In Europe and China, demand for solar PV inverters fell last year due to a change in political conditions. The decline was not offset by the growth in North America.
Phoenix Solar AG (Sulzemoos, Germany), an international solar photovoltaic (PV) system integrator listed in the Prime Standard of the Frankfurt Stock Exchange, recorded consolidated revenues of EUR 33.8 million in its 2014 financial year (2013: EUR 141.2 million). Operating earnings (EBIT) amounted to EUR -4.6 million (2013: EUR -1.4 million).
The decline in revenues and earnings compared to the 2013 financial year was already anticipated in the course of 2014. The company attributed last year's shortfall to delays in new orders which were pushed into 2015. The complete 2014 financial statements of the Group will be published on March 31st, 2015 as planned.
Pacific Gas & Electric Company (PG&E, San Francisco, CA, US) on March 25th, 2015 announced that it has reached a significant milestone by connecting the 150,000th solar customer to its electric grid.
In addition, during 2014, the utility connected more rooftop solar photovoltaic (PV) customers to its grid than any other year in its history. More than 45,000 new solar customers were added in 2014 alone. During this time period, PG&E added approximately 326 MW of installed solar PV power – enough to power more than 70,000 homes.
Saft (Paris, France), designer and manufacturer of high-tech industrial batteries, has been awarded an around USD 10 million contract by Kentz, a member of the SNC-Lavalin Group and global engineering specialist solutions provider, to supply its Sunica.plus batteries for critical solar photovoltaic (PV) powered systems serving Qatar Petroleum’s Dukhan oilfield.
Over the next two years, some 40,000 of the nickel-based Sunica.plus batteries will be deployed at around 775 wells across the oilfield, where they will provide energy storage and backup power for wellhead industrial control systems and corrosion protection systems.
The Centre for Solar Energy and Hydrogen Research Baden-Wuerttemberg (ZSW, Stuttgart, Germany) reports another powerful surge in electric mobility's growth. According to its scientists' calculations, more than 740,000 electric cars were on the road worldwide in early 2015.
Some 320,000 vehicles were registered last year, enabling car battery suppliers to generate revenue of around 2 billion Euros. Nissan Leaf, Tesla Model S and Mitsubishi Outlander Plug-In headed up the registration statistics in 2014.
SunLink Corporation (San Rafael, CA, US) on March 25th, 2015 announced the acquisition of the “SunLink ViaSol Tracker”, proven on such high profile, multi-megawatt projects as Arizona State University and USAA’s Phoenix Campus sites, as well as a Southern California community solar project for NRG Energy.
Applying SunLink’s engineering expertise to the tracker market for the first time, the SunLink ViaSol Tracker features installation and O&M benefits through the utilization of industry standard, off-the-shelf components and a streamlined design, the company emphasizes.
Yingli Green Energy Holding Company Limited (Baoding, China), known as "Yingli Solar," on March 25th, 2015 announced its unaudited consolidated financial results for the quarter and full year ended December 31st, 2014.
Yingli Solar’s 2014 total net revenues were RMB 12,927.4 million (USD 2,083.5 million). The company shipped a total of 3,361.3 MW of solar PV modules (including shipments for own PV projects) were gross profit was RMB 2,238.2 million (USD 360.7 million), representing a gross margin of 17.3%.
JinkoSolar Holding Co., Ltd. (Shanghai, China) on March 25th, 2015 announced that it will supply 104 MW of solar PV panels for the Utah Red Hills Renewable Park project.
JinkoSolar will deliver over 340,000 of its utility-scale, high-efficiency polycrystalline 72-cell panels to the Utah Red Hills Renewable Park though a contract with Swinerton Renewable Energy.
SunEdison, Inc. (Belmont, California, US) on March 25th, 2015 announced that it plans to purchase up to 1,000 vanadium flow batteries (over 100 megawatt hours) from Imergy Power Systems (Fremont, CA, US). The batteries will be used to store solar-generated electricity for SunEdison's rural electrification and solar powered minigrid projects in India.
REC has won the “Best Company for Sustainability” award in the category “Global Solar Energy Solutions” by IAIR Group. This is the second year that REC has won the award.
Voted by a judging panel and over 50,000 readers of the independent magazine and research institute, the award recognizes REC’s excellence in ecologically sustainable products and a responsible global business conduct.