‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) has reported a 30.5% decline in third quarter 2016 revenue, primarily due to a major slowdown in downstream PV project construction in China since the end of June and average selling price decline as overcapacity took hold in the quarter.
Energy storage company Younico has signed off on a deal with Panasonic to design and develop a solar-plus-storage system at Peña Station NEXT in Denver, Colorado, which includes the operations hub for Panasonic Enterprise Solutions Company and Panasonic CityNOW.
Leading integrated monocrystalline PV manufacturer Xi'an LONGi Silicon Materials has reported a 54.8% decline in third quarter 2016 revenue as the impact of a major demand slump in China after June’s feed-in tariff changes seriously curtailed PV power plant construction in China.
Japanese electronics firm Kyocera Corporation reported continued pressure on its solar sector sales as solar panel price erosion and weaker demand continued to impact financials of its Applied Ceramic Products Group Sales.
Integrated PV module manufacturer SolarWorld has reported preliminary third quarter 2016 financial results that reflect the impact of overcapacity and global solar panel price declines after recently discarding both its revenue and profit guidance for the year.
Green Street Solar Power — a solar sales, finance and installation company located in the Bronx, New York — has started construction on a 4.1MW PV system in East Bridgewater, Massachusetts, that will stand as the largest rooftop solar project ever developed in the “Bay State.”
Yesterday, the New York Department of Public Services commissioned a report that will aim to find the value of rooftop solar and other distributed energy resources.
