PV inverter manufacturer SMA Solar Technology said it would close production facilities in Denver, US, and Cape Town, South Africa on continued competition issues and consolidate global inverter production in Germany and China.
High costs of capital and low tariffs are causing extremely tight margins for solar developers in India. PV Tech caught up with Gaetan Tiberghien, principal investment officer, South Asia for International Finance Corporation (IFC), to discuss financing in the region.
PV inverter firm SolarEdge Technologies reported fiscal fourth quarter revenue of US$124.8 million, which was at the low end of guidance, due to a slowdown in the US residential market, its biggest market for the company.
Bankrupt renewables firm SunEdison is seeking bankruptcy court approval to sell a number of its North American assets as part of its restructuring plan.
The world's biggest asset manager BlackRock Real Assets has secured €650 million (US$726 million) from more than 25 institutional investors in Europe and Asia for its Renewable Income Europe fund.
Solar Energy Corporation of India (SECI) has issued a request for selection (RfS) for 100MW of grid-connected solar PV projects with large-scale battery energy storage systems at Kadapa Solar Park, Andhra Pradesh.
High-efficiency PV module producer and project developer SunPower said it was reducing its focus in PV power plant development outside the US and focusing more resources to the distributed generation market in the US.
Taiwan-based solar cell and wafer producers are being impacted by slowing demand from China and unfolding overcapacity that has resulted in ASP declines hitting monthly revenue figures since June.
China-based polysilicon and wafer producer Daqo New Energy has reported record production and financial metrics on strong demand in the second quarter of 2016.
Chinese solar cell and module manufacturer Hareon Solar Technology is bouncing back after its US$90 million lawsuit last year with new investment in its PV business and a new partnership.
