Community solar in the US could be eligible for the federal investment tax credit (ITC), according to an advocacy group which has sought a private ruling from the Internal Revenue Service (IRS).
Major photovoltaics energy provider (PVEP) Shunfeng International Clean Energy reported a 19.5% increase in revenue for the first half of 2015 against a backdrop of profits falling 65.8%, compared to the prior year period.
Italian-based developer Enel Green Power (EGP) was the big winner in the latest solar-dedicated auction in Brazil while average prices per MWh fell below US$85.
The first reported quarterly figures for PV module shipments in Japan in the country’s current financial year show a drop below the 2GW mark for the first time since JFY2013.
Global project developer Sky Solar has reported a 54.2% increase in its Q2 revenue as a number of projects began contributing to the company’s cash flow.
PV and sapphire materials equipment specialist GT Advanced Technologies (GTAT) said it would undertake a major reduction in its global workforce as it reduces expenses inline with a revised business plan ahead of expectations of emerging from Chapter 11 bankruptcy in the first quarter of 2016.
PV thin film equipment and module producer Hanergy Thin Film Power Group (Hanergy TF) said in reporting first half 2015 financial results that it would be restructuring its operations with the loss of around 2,000 jobs, 37% of its workforce of 5,458 at the end of the reporting period.
UK government proposals to cut its feed-in-tariff (FiT) rates for solar PV installations by as much as 87% have shocked the solar industry, which is already reeling from a recent wave of potentially damaging policy proposals, according the UK's Solar Trade Association (STA).
Tier-one PV manufacturer Hanwha Q CELLS' PV module shipments have increased 12.2% quarter-over-quarter, driven by shipments to the US, which accounted for 37% of total shipments by revenue in the second quarter.
