Elon Musk gave scarce information on developments at the world’s largest battery factory in Tesla’s Q2 results.
The microinverter maker has pursued price reduction to gain market share, but has not turned a profit since Q3 2015.
Solarworld CEO Frank Asbeck talks to pv magazine on the recent finding against the company in its legal dispute with Hemlock Semiconductor. A supremely confident Asbeck explains why he doesn’t think the judge’s decision changes the case at hand, while still expecting a settlement with Hemlock, and why any final decision will not affect the company’s American subsidiary nor the German company.
SolarWorld has increased its Q2 2016 shipments 39% YoY, to 342 MW, in 2016. Revenues increased almost 30% for the quarter, to €222 million ($246 million), while achieving an EBIT profit of €20.5 ($22.7 million) million.
SolarWorld could face bankruptcy as a result of its polysilicon supply dispute with Hemlock. The U.S. polysilicon supplier is claiming up to $793.5 million in damages, in court documents acquired by Reuters today.
The bank says that lower-than-expected U.S. demand coupled with significant new module supply is leading to greatly reduced costs and prices in the U.S. market.
The court document from the dramatic initial ruling in the SolarWorld and Hemlock Semiconductor polysilicon dispute reveals that Hemlock was willing to negotiate amendments to the polysilicon Supply Agreements with SolarWorld subsidiary Deutsche Solar, if the German company assisted in resolving a dispute “between the US and China over the exchange of solar-industry products.”
The German PV group says it is optimistic that Hemlock will not succeed in actually enforcing any claims against it in Germany, arguing that the disputed silicon supply contract at the center of the legal dispute violates EU antitrust law.
The new 4 kWh sonnenBatterie eco compact retails at $5,950 plus inverter but before installation.
The analyst’s holistic review of the inverter landscape finds SMA, SolarEdge, Schneider Electric, Sungrow, Huawei and ABB each boast certain strengths that enable them to serve various markets.
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