‘Solar Module Super League’ (SMSL) member GCL System Integration Technology (GCL-SI) has reported preliminary ‘express’ financial results for 2018, noting a return to a small profit, despite ASP declines impacting total revenue.
PV wet chemical processing equipment supplier RENA Technologies has been acquired by private equity firm, Equistone Partners Europe for an undisclosed sum.
Fraunhofer ISE spin-off, NexWafe has secured a new round of funding from Wermuth Asset Management, which will be used for commissioning a pilot line in Freiburg, Germany to produce ‘EpiWafer’ substrates for verification and qualification for potential solar manufacturing customers.
Major PV inverter and smart energy manufacturer SolarEdge Technologies has reported record fourth quarter and full-year 2018 revenue, which increased by 54.4%, due to strong product demand.
Eiffage Energía has been named as the contractor for the construction of several PV projects in Spain and their respective connection substations, which have been developed by X-Elio.
The European Union solar market grew by 36% in 2018 and very strong demand for PV in Europe is expected in the next two years, said trade group SolarPower Europe.
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