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.
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.
CAP sues SunEdison, alleging poor quality PV modules
Chile’s largest mining group is taking the bankrupt renewable energy developer to court, alleging that the Amanecer PV plant is not producing the contracted output.
Renewables comprised 15% of Mexico’s electricity generation in 2015
Last year 56 MW of solar PV was installed, which brings the nation’s cumulative capacity to 170 MW.
IHS forecasts 2.7 GW of new PV in Latin America in 2016
IHS highlights the relevance which public auctions have acquired for the growth of solar PV in Latin America. Argentina is among the new PV markets in the region, where a new renewable energy auction was recently launched with a quota of 300 MW of solar.
North American leaders to set out target of 50% “clean” electricity by 2025
Obama, Trudeau and Peña Nieto will be presenting the target, which will include nuclear and carbon capture and storage, at a summit of the three leaders.
