Despite preparing investors’ expectations for flat revenues in 2016, inverter maker SMA Solar Technology has reported an increase in sales for the first quarter and exceeded management expectations by more than €10 million (US$11.4 million).
The Jamaican Office of Utilities Regulation (OUR) has announced the winner of its most recent renewable energy procurement project. The preferred selected bidder, Eight Rivers Energy Company (EREC), is to construct, operate and own a 33.1MW solar PV plant at Paradise Park in Westmoreland, at a proposed lowest electricity price of 8.54 US cents/kWh.
Iran has published new feed-in-tariffs (FiTs) for solar PV including a new category for solar projects of greater than 30MW in size, according to the renewable energy organisation of Iran (SUNA).
SolAero Technologies, a provider of satellite solar power and structural solutions, have officially acquired Vanguard Space Technologies — a provider of aerospace structural products and assemblies.
Solar power company Canadian Solar announced that Dr. Huifeng Chan has been appointed as senior vice president and chief financial officer of the company — effective 22 May 2016.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has made further revisions to its planned manufacturing capacity expansion plans for 2016, while reiterating previously guided PV module shipments for the year.
Struggling China-based PV manufacturer Yingli Green Energy has reported a full-year 2015 net loss of US$864.6 million on revenue of US$1,538.5 million. The company had recently guided a net loss in the range of US$894.1 million to US$909.7 million.
French oil major Total’s €950 million acquisition of battery manufacturer Saft puts the company at the front of the pack of fossil fuel firms looking to diversify, according to SolarPower Europe CEO James Watson.
