International solar PV systems integrator Phoenix Solar said that it was forced to lower its full-year revenue guidance, due to delays in securing previously expected PV power plant projects for completion in 2017. However, its project pipeline hit a new record.
PV and electronics equipment manufacturing and automation specialist Manz AG said it expected to generate revenue of at least €350 million in 2017, including significantly improved and positive EBIT as it starts execution of its large CIGS thin-film orders.
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS reported inline second quarter revenue but margins continued to be impacted by declining average selling prices (ASP).
Key manufacturing and R&D assets of bankrupt German integrated PV module manufacturer SolarWorld AG have been acquired by its former founder and chairman, Dr. Ing. Eh Frank Asbeck.
The first floating solar (FPV) power plant in Turkey was officially operational on August 4, 2017 as part of a testing phase that could lead to a significant number of systems installed by the Istanbul Metropolitan Municipality on reservoirs, lakes and dams.
Specialist solar PV equipment supplier centrotherm has warned that it is unlikely to be profitable in 2017, due to the loss of an arbitration case against a cancelled €290 million integrated (wafer/cell/module) plant in Algeria.
BayWa r.e. the renewable energies business unit of diversified German company BayWa has significantly increased revenue in the first half of 2017, having developed and sold PV power plants and increased sales of PV modules and inverters by around 50%, compared to the prior year period.
Having just completed its first ‘Solar Roof’ tile system installations in the US, Tesla said in reporting second quarter 2017 financial results that production of the roofing tiles would not enter mass production at its Gigafactory 2 in Buffalo, New York until the end of 2017.
Despite running at full-capacity, US-headquartered high-efficiency PV module producer SunPower Corp has lowered its full-year revenue guidance as losses mount and margins compress across its utility, commercial and residential markets.
Specialist semiconductor and PV equipment supplier Intevac expects to start shipping its largest ever single tool order to a customer in China planning to ramp N-type mono IBC (Interdigitated Back Contact) solar cells and modules, including bifacial modules in the second half of 2017.
