Greensmith’s software will be used in Wärtsilä’s new hybrid power plants, as the Helsinki-based company further strengthens its position as a global energy systems integrator.
Amid a flurry of speculation after its German parent company SolarWorld AG, the U.S. arm of the crystalline silicon PV manufacturer released a statement reassuring the market and its employees that it continues to operate at full strength.
The maker of engineered products for multiple industries has expanded into wind and solar with the acquisition of Renewable NRG Systems.
With the sale the yieldco has almost completely divested from the United Kingdom, as its acquisition by Brookfield grinds forward.
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.
A difficult market environment has led to a drop in sales and profits. The German inverter maker, however, was able to keep writing black numbers in the latest quarter.
The Minnesota-based solar company gave scant details, but denied claims that its winding down was due to faulty third-party hardware.
While other large residential solar companies are contracting or even going bankrupt, Sunrun gained market share during Q1 2017.
Pioneering solar manufacturer SolarWorld AG is insolvent. It is unclear whether the company’s U.S. subsidiary must now file as well.
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