Single-axis solar tracker firm Soltec has signed a €100 million syndicated credit facility with eleven banks, led by Banco Santander to continue to expand its international business with the opening of subsidiaries in the five continents.
Major PV inverter manufacturer SMA Solar Technology has lowered its full-year revenue and profit guidance due to the market downturn in China that has led to plummeting product prices and delays to PV Power plant development across major markets.
France-based floating solar (FPV) specialist Ciel & Terre has completed a 252kW FPV system wastewater treatment pond in Kelseyville, California, part of four projects in the US totalling 5.3MW in the third quarter of 2018.
Building product manufacturer and distributor Gibraltar Industries has signed off on a deal to acquire SolarBOS, a California-based, privately-held provider of electrical balance of systems products for the US PV market.
Major PV inverter manufacturer Sungrow Power Supply Co is expecting the global floating solar (FPV) market to experience explosive growth in the next two to three years, in which it is targeting becoming the leading supplier of floating solar systems.
Major PV inverter manufacturer SMA Solar Technology has once again reiterated sales and earnings guidance for 2018, after reporting first half year results but has become increasingly bearish on the global solar market, while its solar product order backlog takes a dive.