Struggling PV module manufacturer China Sunergy (CSUN) has reported a first quarter 2015 net loss of US$12.2 million as revenue fell 27.8% and shipments declined 37.2% from the prior quarter.
Canadian solar developer SkyPower is to double its investment in Kenya’s solar infrastructure to US$4.4 billion after meeting with Kenya’s president Uhuru Kenyatta at a Business Council for International Understanding last week.
Indian industrial firm Adani Group and China’s largest independent polysilicon to power plants group, GCL have signed an agreement to develop both upstream and downstream PV operations in India as well as collaborating on a range of energy projects such as wind and LNG terminals.
Families on low incomes in California will be able to benefit from a new drive by PV install and leasing company SolarCity, enabled by a programme set up by the state’s regulator.
Fourth Partner Energy (4PEL) a Hyderabad-based company developing distributed solar power, has raised around US$2 million in financing, enabling the firm to offer more financing options to its clients.
PV project developer Sky Solar Holdings has secured funds totalling US$100 million from Hudson Clean Energy Partners for projects in Latin America and Japan.
PV systems integrator Phoenix Solar said it could report an EBIT loss for the full-year, due to the cancellation of a planned PV power plant project in Asia.
The boss of oil company Royal Dutch Shell (Shell) has admitted that solar will one day overtake fossil fuels in the portfolios of mainstream investors, while describing oil as a “very, very volatile business”.
