sonnen to open new manufacturing and R&D hub in Atlanta
Production at the InnovationHub expected to commence in the second quarter of the year, the German storage specialist confirmed. Facility combines sonnen’s U.S. manufacturing operations and product research capabilities.
SolarEdge Q2 2017 financials show record 35% gross margin
Israeli module level power electronics firm posts highest gross margin to date despite slowdown in U.S. residential market, which remains the firm’s chief revenue stream.
SolarWorld to shut down multi production, shed 400 staff by 2019
The German-headquartered solar power company posts year-on-year revenue and shipment increases of 5% and 19%, vows to strengthen competitiveness in 2017 with focus on monocrystalline high-efficiency products. Jobs will be lost along the way, however.
VC funding for green energy reached record high in 2016, finds BNEF
Data from Bloomberg New Energy Finance reveals total of $834 million steered towards the global clean energy industry last year, marking the third consecutive annual increase.
Enphase job losses to largely impact Californian HQ
Around 75 jobs will be lost during the microinverter specialist’s restructuring drive, which reflects increased price pressure across the segment, both globally and in the U.S.
Enphase to shed 18% of workforce in latest restructuring drive
SEC filing outlines proposed changes, described by company CEO Paul Nahi as “necessary to create path to sustained profitability”. Restructuring will cost estimated $2 million and follows announcement last year of staff losses.
TerraForm Power to sell UK solar portfolio for $581 million
Vortex, a renewable energy investment platform managed by Egypt’s EFG Hermes, to purchase TerraForm Power’s 365 MW U.K. solar portfolio for £470 million.
Innogy completes acquisition of solar and battery specialist Belectric
German renewable energy developer has acquired international PV power and storage specialist Belectric for a sum in the double-digit million dollar range, company comfirms.
Trina Solar sets new 22.61% mono PERC efficiency record
he Chinese Tier 1 solar developer announces a new conversion efficiency for its mono-crystalline silicon PERC cell that surpasses its previous world record by a full half-percentage point.
IEA: solar, wind need new policies to tackle variability concerns
New report by the International Energy Agency identifies the integration of masses of variable renewable energy as the chief challenge facing next-generation solar and wind power, citing policy support as key in maximizing potential.
