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.
Sonnen receives further $85 million investment
The German company announced that it has secured USD 85 million in growth capital, some of which came from two new partners, which will help the company consolidate its healthy position further in the booming energy storage market.
Why plummeting panel prices could mean industry instability
The U.S. market watched the prequel to this current panel price-slide in 2011 — and the question is why the sequel is happening again so soon.
M+W Energy appoints new president
Germany’s M+W Group today announced the appointment of Jim Brown as president of M+W Energy, based in Springfield, New Jersey, replacing Jerry Shinn.
SolarWorld lodges an appeal against court judgment in Hemlock dispute
A revision request has now been received by the appropriate court in Michigan. SolarWorld has meanwhile filled further protective letters against Hemlock to various courts in Germany, as a precaution to prevent possible enforcement of any penalty in Germany. SolarWorld CEO Frank Asbeck is confident that the U.S. silicon manufacturer will not receive recognition of any judgements in German courts.
