KEPCO to buy the 30 MW Alamosa CPV plant
The Korean utility giant company has contracted to purchase the largest concentrating photovoltaic (CPV) project in the United States.
GCL-Poly agrees to buy $150 million of SunEdison’s manufacturing business
The Chinese polysilicon and PV maker will buy three of SunEdison’s manufacturing businesses involved in polysilicon production up until cell production, amid rumors that it is also planning to make a bid for SunEdison’s controlling stake in TerraForm Power.
NASDAQ warns TerraForm Power, TerraForm Global over delays in filing
The yieldcos have until the end of August to submit a plan as to how they are going to get their financial reports on track, while TerraForm Global struggles with multiple legal proceedings.
Canadian Solar beats shipment and revenue guidance for Q2
The Chinese-Canadian solar firm shipped 1,290 MW of modules and posted net revenue of $805.9 million in the second quarter, with nearly half of its sales to the Americas.
First Solar reports successes in Turkey and India
The thin film maker and developer reports 160 MW-DC of PV module orders in Turkey, while putting 130 MW-AC of projects online in India.
SMA to close Denver factory, lay off 280
The world’s largest inverter maker says the move is “unavoidable”, and is maintaining its sales and service operations in California.
Mitsubishi to invest in US solar firm Nexamp
The Japanese corporation reaches agreement to indirectly take a near majority ownership in the firm, which specializes in community and commercial solar installations.
SunPower to shed 1,200 jobs as it cuts revenue forecast and expects 2016 loss
Extension of the ITC has stripped urgency from U.S. market, company CEO says, prompting a rethink on solar power plant timeline. SunPower will close Philippines fab as part of re-positioning of supply.
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.
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.
