Specialist PV manufacturing equipment supplier Singulus Technologies expects to double sales in 2017 after its new order backlog in 2016 reached €109.9 million, a 310% increase over the previous year.
Spain has approved the first of four norms necessary to carry out a major renewable energy tender, but the size of capacity available remains in doubt.
China-based PV energy provider (PVEP) United Photovoltaics Group reported a 58% increase in revenue for 2016, driven primarily by the addition of 415.4MW of new PV power plants under ownership.
Major PV inverter manufacturer SMA Solar Technology came through another tough year with unit volume sold a record 8.23GW in 2016 but ASP pressure ensured sales were down. The bright spot was its commercial solar business unit, which bucked lower sales in the residential and utility-scale sectors with 27% growth, year-on-year.
This week's Movers & Shakers features new CEOs and the inauguration of new international offices. Sunworks and the Australian CEFC both welcome new CEOs and Enel Green Power North America opens its new office in Massachusetts, with Array Technologies expanding Down Under.
Since Wacker Chemie opened its new 20,000MT polysilicon plant in Charleston, Tennessee in 2016, there was a good chance that the German-headquartered chemicals firm could overtake incumbent market leader, GCL-Poly.
PV and polysilicon manufacturing equipment specialist centrotherm photovoltaics reported 2016 revenue at the higher end of previously withdrawn guidance that was pulled on fears of PV manufacturers withdrawing capital expenditure plans when PV demand drastically weakened in China in the second-half of the year.
Vertically integrated PV power plant developers such as First Solar and SunPower are losing ground to dedicated PV tracker firms, according to the latest analysis from IHS Markit.
International PV developer Sonnedix has acquired a 21.6MW solar portfolio comprising five ground-mount projects in Italy from private equity firm First Reserve.
