Western Europe

TerraForm Power expects to break even in 2017

In a conference call the yieldco says that sale of 376 MW of solar projects in the UK is at an advanced stage, and gave additional information on financial metrics.

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

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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%.

D.E. Shaw proposes to take over as TerraForm sponsor

The renewable energy investor says that the taking TerraForm off SunEdison’s hands could allow the company to recover.

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.

REC achieves +20% efficiency for mass production of multicrystalline solar cells

The Norwegian solar developer has developed a formula to mass-produce its multicrystalline cells at average efficiencies of 20.21%, becoming the first known manufacturer to achieve such numbers.

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