With the sale the yieldco has almost completely divested from the United Kingdom, as its acquisition by Brookfield grinds forward.
The U.S./Dutch tool maker also saw order intake and quarter-end backlog increase in the latest quarter. All of the company’s segments contributed to the turnover growth registered in this period.
A difficult market environment has led to a drop in sales and profits. The German inverter maker, however, was able to keep writing black numbers in the latest quarter.
Today, SolarWorld AG filed for insolvency in Germany, and it is unclear whether or not its U.S. subsidiary will also file. In the following interview, Mercom Capital CEO Raj Prabhu talks about what this means for the U.S. solar industry.
Pioneering solar manufacturer SolarWorld AG is insolvent. It is unclear whether the company’s U.S. subsidiary must now file as well.
The high-efficiency solar manufacturer is still bleeding red ink, as it begins shipping its lower-cost P-Series modules and continues its restructuring.
The company shipped 455 MW-AC of inverters from January through March and predicted revenues for Q2 to be within the range of $120 million to $130 million.
With California getting a higher portion of its electricity from solar than any non-island nation, the stakes are high with this summer’s eclipse. Fortunately, Europe has already been down this road.
The German-American module maker shipped 382 MW in the first three months of this year. The company’s plan to focus on monocrystalline PERC products is being implemented according to schedule.
The German chemical company has said in its preliminary results for the first quarter of this year that polysilicon prices dropped significantly over the past weeks. Overall, the company expects to see its profits grow in 2017.
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