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.
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.
Projects approved are expected to mostly be solar PV, and the deal will include a 3 MW pilot community solar program.
The Minnesota utility says that it will issue an RFP in coming weeks, to meet its obligations under Minnesota’s renewable energy policy.
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.
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.
The yieldco’s most recent financial data shows continued losses despite a slowing of project acquisitions in Q1.
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.
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.
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.
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