The U.S. residential PV company has boosted its tax equity coffers, and will use the funds to deploy 70 MW of residential PV capacity in the United States.

The U.S./Dutch tool maker also saw order intake and quarter-end backlog increase in the latest quarter. All of the company’s segments contributed to the turnover growth registered in this period.

The U.S. microinverter manufacturer reported a lower than expected revenue in the latest quarter, with shipments decreasing slightly year-on-year. The company, however, was able to strenghten its cash position after implementing a restructuring plan in the previous quarters.

A team from Michigan Technological University is assessing the technical and economic viability of military microgrids run on solar power.

The world’s cumulative PV capacity had surpassed 303 GW at the of 2016, according to a report from IEA PVPS. Globally, solar power is now able to cover approximately 1.8% of power demand.

EDF Renewable Energy has created a new subsidiary for distributed solar and storage projects up to 30 MW.

The Italian solar company has secured an engineering contract to build two PV plants totaling 50 MW in the United States and set up a new unit in Delaware.

The Swiss equipment provider has announced a plan to close production for its diamond wire platform in Colorado. The company blames global pressure on prices and margins. Meanwhile, its preliminary financial results for 2016 show a 40% increase in sales.