Steel giant ArcelorMittal plans to build a 500-600MW solar plant in the Indian state of Karnataka after it backed out from plans to build a six million tonnes per annum steel mill.
PV manufacturing equipment specialist Singulus Technologies has reported preliminary unaudited sales of €84 million in 2015, but restructuring charges are expected to result in a negative EBIT of €33 to €35 million.
Specialist PV manufacturing equipment supplier Amtech Systems reported strong order intake in the fourth quarter of 2015 with new order flow continuing into January, 2016 as China-based PV manufacturers expand production at facilities in South East Asia.
The organisation responsible for overseeing California’s bulk electric power system has approved proposals to accommodate more distributed energy resources, including rooftop solar, energy storage, advanced inverters and demand response, onto the state’s grid.
Spanish renewables giant Abengoa, which entered insolvency proceedings last November, has sold its 20% share in the 100MW Shams-1 concentrated solar power (CSP) plant in the United Arab Emirates to Abu Dhabi-based renewable energy company Masdar.
Taiwan-based solar wafer producer Green Energy Technology (GET) reported a significant leap in sales for the month of January on the back of higher prices due to industry supply constraints.
Struggling Japanese electronics giant, Sharp Corporation reported continued weakness in its Energy Solutions business unit that includes its solar segment with revenue down 42.2% in the first nine months of its financial year, compared to its previous year results.
SolarEdge has again reported record quarterly revenues, bringing in US$125 million in the fiscal second quarter and guiding third quarter revenues to a similar level.
The recent extension to the US investment tax credit (ITC) could enable First Solar to shift emphasis and therefore revenue generation to selling its CdTe thin-film modules to third parties rather than directly to PV power plant projects, according to a research note from Deutsche Bank analyst, Vishal Shah.
Taiwan-based merchant solar cell producer Solartech Energy Corp reported almost a 10% decline in sales for January, 2016, marking a line under record sales achieved in December, 2015.
