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.
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.
Sungevity enters partnership with leading Belgian solar firm
The U.S. distributed solar installer has partnered with Belgium’s Electrabel to begin installing rooftop solar panels across the country.
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.
SolarWorld’s finalized Q2 financials confirm growth
The German PV manufacturer recorded significant growth in the company’s sales and revenues compared to the same period last year, while also returning to a positive operating result, although it had to revise down its preliminary results.
SMA to close Denver factory, lay off 280
The world’s largest inverter maker says the move is “unavoidable”, and is maintaining its sales and service operations in California.
Exclusive: Solarworld CEO Frank Asbeck breaks silence on Hemlock dispute
Solarworld CEO Frank Asbeck talks to pv magazine on the recent finding against the company in its legal dispute with Hemlock Semiconductor. A supremely confident Asbeck explains why he doesn’t think the judge’s decision changes the case at hand, while still expecting a settlement with Hemlock, and why any final decision will not affect the company’s American subsidiary nor the German company.
SolarWorld Q2 shipments, revenues rise, as legal troubles mount
SolarWorld has increased its Q2 2016 shipments 39% YoY, to 342 MW, in 2016. Revenues increased almost 30% for the quarter, to €222 million ($246 million), while achieving an EBIT profit of €20.5 ($22.7 million) million.
