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REC Solar begins production of 72-cell ‘TwinPeak’ modules
25 Aug 2016 at 2:56pm
Integrated PV module manufacturer REC Solar said it started volume production of its previously introduced 72-cell ‘TwinPeak’ module, using half-cut cells and PERC (Passivated Emitter Rear Contact) cell technology.

GCL-Poly posts expected strong shipments and revenue in 1H 2016
25 Aug 2016 at 1:43pm
Leading polysilicon and multicrystalline wafer producer GCL-Poly Energy Holdings has reported first half 2016 financial results that as expected benefited from the downstream boom in China that kept both polysilicon and wafer prices high.

SolarCity job losses top 100, claim local reports
25 Aug 2016 at 1:38pm
The job losses announced by SolarCity last week could impact more than 100 employees, according to reports by local paper The Mercury News.

JinkoSolar becomes global solar module shipments leader in 1H 2016
25 Aug 2016 at 1:22pm
‘Silicon Module Super League’ (SMSL) member JinkoSolar has reported the second consecutive quarter of solar module shipments that were higher than leading SMSL rival, Trina Solar.

Brazil government open to dialogue after currency slump hits energy projects
25 Aug 2016 at 12:13pm
Brazil’s Ministry of Mines and Energy (MME) is proposing to allow solar developers that won projects in the 2014 auction to cancel them with a reduced penalty fee.

France launches 3GW solar tender
25 Aug 2016 at 11:23am
France’s Ministry of Environment, Energy and Sea is launching 3GW of solar PV tenders over a three-year period.

Telergon’s S6000N DC switch disconnector is designed for 1500VDC PV systems
25 Aug 2016 at 9:26am
Telergon’s S6000N DC switch disconnector from distributor Switchtec has been introduced to meet the demand for this type of product as a result of the increased usage of 1500VDC generation in photovoltaic (PV) utility scale systems.

ReneSola hit by slowing China demand and wafer margin squeeze
25 Aug 2016 at 9:12am
Solar wafer and module manufacturer ReneSola reported second quarter 2016 results impacted by a module end market demand slowdown in China and high polysilicon prices, while wafer ASPs decline, squeezing revenue and margins.

Hanwha Q CELLS beats on shipments and margins; retains 2016 guidance
24 Aug 2016 at 5:19pm
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS has reported second quarter 2016 financial results that exceeded key guidance metrics, while reiterating upwardly revised module shipments for the full-year.

Meaningless metric: Hanwha Q CELLS goes dark on module shipment figures
24 Aug 2016 at 1:32pm
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS has reported second quarter 2016 financial results but has decided to not report a critical business metric, solar module (MW) shipments.

Musk and the Rives buy US$100 million of SolarCity bonds
24 Aug 2016 at 1:08pm
Elon Musk and his SolarCity executive cousins have purchased US$100 million of the company’s latest bond issue.

India releases draft regulation for testing solar equipment quality
24 Aug 2016 at 12:42pm
India is seeking to ensure the quality and reliability of solar PV equipment imported into the country, as per a draft technical regulation released by the Ministry of New and Renewable Energy (MNRE).

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WFW advise BayernLB on UK solar PV portfolio financing
26 Aug 2016 at 8:02am
International law firm Watson Farley & Williams (WFW) advised BayernLB in connection with the financing of eight solar PV plants of up to 5 MW each at five sites across England and Wales, three of which are community interest companies (“CICs”). BayernLB provided long term, secured project financing of circa GBP 30m, partly refinanced by the German KfW renewable energy support scheme. The solar plants were acquired by the German asset manager Luxcara for its fund portfolio for institutional investors.

IKEA to install Washington’s largest rooftop solar array: 1.18 MW in Renton
26 Aug 2016 at 7:55am
Swedish home furnishings retailer IKEA on August 24th, 2016 announced plans to install solar photovoltaic (PV) panels atop the relocated Seattle-area store under construction in Renton (WA, U.S.). Installation of the 1.18 MW PV array will begin this fall, with completion expected in winter.

Vivint Solar expands availability of residential solar power into Florida
26 Aug 2016 at 7:49am
Vivint Solar (Lehi, Utah, U.S.), a provider of residential solar photovoltaic (PV) systems in the United States, on August 25th, 2016 announced its expansion into Florida, with availability beginning in the Tampa Bay area. According to the U.S. Energy Information Administration, Florida has among the highest electricity consumption in the nation, with annual household electricity consumption approximately 30 percent higher than the U.S. average.

Berkeley Lab: Median installed price of solar PV in the U.S. fell by 5–12% in 2015
25 Aug 2016 at 8:42am
Solar energy system pricing is at an all-time low, according to the latest editions of two recurring “state of the market” reports released on August 24th, 2016 by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab). Within the market for distributed solar photovoltaic (PV) systems, installed prices in 2015 declined by USD 0.20-per-watt (W) or 5% year-over-year for residential PV systems, by USD 0.30/W (7%) for smaller non-residential systems, and by USD 0.30/W (9%) for larger non-residential systems.

ReneSola Q2, 2016 results: Revenue, gross profit down due to lower wafer ASP and reduced PV module shipments
25 Aug 2016 at 8:28am
ReneSola Ltd. (Shanghai, China) on August 24th, 2016 announced its unaudited financial results for the second quarter ended June 30th, 2016. ReneSola’s total external solar photovoltaic (PV) module shipments were 282.4 MW in the quarter, while module shipments to the Company's downstream projects were approximately 18.9 MW.

InterContinental to open Dubai’s first 100% solar powered hotel in 2017
25 Aug 2016 at 8:20am
Solar energy and sustainability are important trends in hospitality. In 2017, InterContinental Hotels Group (IHG) is forecast to open Dubai’s first 100% solar powered hotel, dmg events reports.

Matt Walz appointed CEO of REC Solar
25 Aug 2016 at 8:10am
REC Solar Inc. (San Luis Obispo, CA, U.S.) on August 24th, 2016 announced the appointment of Matt Walz as chief executive officer. Walz has worked at Duke Energy for 12 years and joins REC Solar after serving on the company’s board of directors. Walz’s appointment is an extension of Duke Energy’s commitment to provide affordable and accessible energy solutions to REC Solar’s commercial customers, reads the press release.

ENGIE Electrabel selects Sungevity as solutions partner to address Belgian solar market
25 Aug 2016 at 8:04am
Sungevity, Inc. (Oakland, California, U.S.), a solutions provider for residential and commercial solar energy customers, on August 24th, 2016 announced a partnership with ENGIE Electrabel (Brussels, Belgium), a subsidiary of the ENGIE Group (formerly GDF Suez), to provide a full suite of solar services to electricity customers in the Belgian market. As part of the agreement, ENGIE Electrabel will market a co-branded solar offering to existing and potential customers and Sungevity will provide all aspects of sales, design, installation and maintenance of the Energy Systems to those customers, the company reports.

Conergy starts construction on Australia’s first grid-connected, utility-scale solar and battery storage project
24 Aug 2016 at 10:24am
On August 23rd, 2016, Conergy announced the beginning of the construction of Australia’s first solar and storage project, designed to consistently feed renewable energy into the grid and demonstrate the capability for large-scale solar and storage to provide reliable future power quality and supply at a fringe-of-grid location. The USD 42.5 million project, located off the Mulligan Highway at Lakeland in Far North Queensland, is the Southern Hemisphere’s first integrated solar, storage and fringe-of-grid project of this size and scale, and will demonstrate grid-to-islanding functionality, the company reports.

Energy Storage: Greensmith partners with E.ON and TEP for a 10 MW project in Arizona
24 Aug 2016 at 10:12am
Greensmith Energy (Herndon, VA, U.S.), a provider of energy storage software and turnkey solutions announced it will partner with E.ON Climate and Renewables and Tucson Electric Power (TEP) to design and deliver a grid-scale energy storage system located at the University of Arizona Science and Technology Park southeast of Tucson.

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