SMA’s yearly financials show record sales output, but a drop in revenues
Last year was a goody for German solar inverter manufacturer, by posting recording breaking sales figures alongside a rise in EBIT, however, the increase in price pressure in 2016 saw revenues fall, while this trend is expected to continue in 2017.
Eos & Siemens launch utility-scale storage partnership
Storage specialist Eos Energy this week announced a partnership with Siemens to integrate, install and service large-scale energy storage solutions.
Innogy completes acquisition of solar and battery specialist Belectric
German renewable energy developer has acquired international PV power and storage specialist Belectric for a sum in the double-digit million dollar range, company comfirms.
1366, Hanwha achieve 19.6% multicrystalline cell efficiency
Using 1366’s groundbreaking kerfless silicon wafers and Hanwha’s proprietary PERC cell process, the cells’ remarkable performance was verified by an independent testing firm.
sonnen steals top Tesla executive
The German energy-storage company hired the highest-ranking North American sales manager from Tesla to spearhead its U.S. expansion plans
Tesla to pick up German engineering company to boost automation
It is not clear at this time if Tesla plans to apply Grohmann Engineering’s automation expertise to either the SolarCity PV module factory or its battery manufacturing in Nevada.
E.ON begins construction on 10 MW battery storage project in Arizona
The Iron Horse is the first energy storage project for E.ON North America, and accompanies a 2 MW PV system.
Shipments up, revenue down in preliminary SolarWorld Q3 results as module price slump bites
Having warned it will miss its 2016 forecast, German solar firm SolarWorld publishes flat preliminary third quarter results that reveal slight fall in revenue. Shipments did grow Y-O-Y by 5%.
SMA lowers financial forecast for 2016
The world’s largest inverter maker, SMA Solar Technology, has been forced to reduce its financial outlook for 2016. This follows SolarWorld making a similar announcement.
SolarWorld to miss 2016 forecasts
The German PV manufacturer announced that although it is set to achieve its shipment forecast for 2016, it is unlikely to meet its revenue and operating income forecasts for the year, and has already begun to point the finger at Chinese companies.
