Weaker than expected demand in key markets of Italy and Germany in the fourth quarter has led PV inverter supplier Power-One to lower revenue guidance to between US$190 million to US$195 million, down from a range of US$210 million to US$230 million.
The dire business conditions within the solar wafering sector have forced slurry recycling specialist, SiC Processing to warn of over a €100 million in equity losses, or more than half the equity in the company as it deals with insolvency proceedings.
US solar developer Sungevity has announced the completion of a series of venture capital and project financings which, together, have secured the company up to $125 million in funding.
A 5MW solar farm in Pennsylvania has been acquired by an affiliate of D. E. Shaw Renewable Investments and project manager Bright Plain Renewable Energy.
A solar energy scientist at the US Department of Energy's National Renewable Energy Laboratory (NREL), who has done pioneering and breakthrough work on thin films and nanostructures, has been elected a fellow of the American Physical Society (APS).
Slurry recycling specialist, SiC Processing which is currently in receivership, has warned unsecured creditors to expect low debt recovery due to a preliminary, unaudited assessment of its assets.
Building on the success of its 10MW feed-in tariff pilot scheme, the Los Angeles Department of Water and Power (LADWP) Board of Water and Power Commissioners has approved a 100MW FiT programme.
