SolarWorld Q2 shipments, revenues rise, as legal troubles mount
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.
Nevada solar installers call out NV Energy for inconsistency on grandfathering
NV Energy has come out in favor of grandfathering solar customers under the previous net metering rules, two days before the Nevada Supreme Court hears arguments on the legality of a referendum to overturn changes to the policy.
Georgia Power agrees to 1600 MW of renewable energy, including 150 MW of DG
Projects approved are expected to mostly be solar PV, and the deal will include a 3 MW pilot community solar program.
Minnesota Power to solicit 300 MW of utility-scale solar generation
The Minnesota utility says that it will issue an RFP in coming weeks, to meet its obligations under Minnesota’s renewable energy policy.
IHS: Grid-tied storage to double in 2016, to emulate growth of solar
Industry analysts IHS Markit expect the grid-tied energy storage market to double in 2016, from 1.4 GWh to 2.9 GWh. IHS expects on-grid storage capacity to reach 21 GWh by 2025.
Ygrene expands its presence in Florida’s PACE market
The renewables and energy efficiency financing provider has been chosen as the financing provider for two more cities and a county in the Sunshine State.
TerraForm Power reveals preliminary 2015, Q1 2016 results
The yieldco’s most recent financial data shows continued losses despite a slowing of project acquisitions in Q1.
SunPower settles Philippines wafer dispute for $50.5 million
In an SEC filing, the PV maker revealed that it has settled a monocrystalline wafer supply dispute with a Philippines subcontractor for a sum of $50.5 million.
SolarWorld to appeal court ruling in $793 million dispute
A U.S. court has granted Hemlock’s hefty claim against the leading solar PV company, which remains confident that enforcement of the lawusuit will fail in Germany.
Hemlock claims $793.5 million in damages from SolarWorld
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.
