DuPont and Dow finalize merger in $130bn deal

The two firms, which specialize in the production of backsheets and other materials for the solar industry, have completed a merger of equals that has been on the cards for almost two years.

Profit and revenue swell for Canadian Solar during Q2

The second quarter financial results for the Chinese-Canadian solar firm reveal above-guidance growth in revenue and shipments, while profit rises to $168 million for the quarter.

Falling lithium-ion battery prices to drive rapid storage uptake

IHS Markit expects li-ion battery prices to fall below $200/kWh by 2019, and for the cumulative installed base of energy storage to reach 52 GW globally by 2025, up from 4 GW today.

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SMA raises 2017 guidance

The leading inverter maker has increased its earnings forecast for the year to $1.06 – $1.12 billion as orders swell.

EDF acquires 179 MW-AC of Nevada solar from First Solar

The renewables arm of the French energy giant has bought the Switch Station 1 and Switch Station 2 projects for an undisclosed sum.

U.S. Department of Energy backs solar with further $46 million for SunShot Initiative

The funding is for 48 identified solar projects spanning two SunShot programs designed to advance solar power technologies in the U.S.

SolarWorld Americas receives $6m cash lifeline

The U.S. arm of the troubled solar power company can expect to receive a $6 million infusion of cash from its lenders, which have also permitted the sale of non-operational assets.

Tesla, Neoen to build world’s largest lithium-ion battery in Australia

The installation will be paired with a wind farm in South Australia. At 129 MWh, it will become the world’s largest lithium ion battery project, and is being developed in conjunction with French renewable energy firm Neoen.

G20 nations dragging their heels on low-carbon transition, reports find

Study from Climate Transparency shows that while green finance among G20 nations has been stepped up, legacy commitments to fossil fuels mean countries will miss “well below 2 degree” warming limit set at Paris Agreement. Fossil fuel spending still four times higher than renewable spending, Oil Change International report also finds.

Great Recession-level economic losses could become reality if climate change left unchecked, research shows

Inequality will widen with many poorer parts of the US on course to see their income reduced by 20% if climate change continues to accelerate.

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