SunEdison's share price surged today on news that the company would spin off its semiconductor business from its PV development business. Shares peaked on the New York Stock Exchange at US$8.34 each.
US solar power installer Heliopower has purchased Greenzu, a San Francisco company providing small commercial businesses and non-profit organisations with solar power systems.
PV will account for 3.6% of installed power generation globally by 2020, according to market analyst and advisor, Frost & Sullivan’s Annual Renewable Outlook 2013.
Major equipment supplier to the PV industry, Meyer Burger has reported a better than expected order intake in the last six-weeks, citing it as a “turning point in customer behaviour.”
US installer Real Goods Solar (RGS) has reported a small drop in revenue for Q2 2013 compared to the same period last year despite an increase in deployments.
As expected, Sunways said that preliminary insolvency proceedings against the assets of the company by its banks have been stopped and the local court in Konstanz has closed the case.
The strategy to diversify its business away from dependence on sectors such as solar is proving to be a significant success for equipment supplier, Manz AG.
