Solar News

SMA announces 2014 results: Considerable loss due to PV market downturn in Europe, weak business in China, and one-time items

2015-03-26 |

In fiscal year 2014, SMA Solar Technology AG (Niestetal, Germany) recorded a sales decline of 13.6% to EUR 805.4 million (2013: EUR 932.5 million) primarily as a result of the solar photovoltaic (PV) market development, the company reports. In Europe and China, demand for solar PV inverters fell last year due to a change in political conditions. The decline was not offset by the growth in North America. Read more...

 
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Production of central PV inverters at SMA. “While the personnel adjustments are extremely painful for SMA, they are unfortunately necessary to return to profitability,” SMA CEO Urbon comments on the lay-off of approximately 1,600 employees

SMA announces 2014 results: Considerable loss due to PV market downturn in Europe, weak business in China, and one-time items

2015-03-26

In fiscal year 2014, SMA Solar Technology AG (Niestetal, Germany) recorded a sales decline of 13.6% to EUR 805.4 million (2013: EUR 932.5 million) primarily as a result of the solar photovoltaic (PV) market development, the company reports. In Europe and China, demand for solar PV inverters fell last year due to a change in political conditions. The decline was not offset by the growth in North America. Read more...

Phoenix Solar PV plant. The company expects a return to positive earnings before interest and taxes in 2015

PV system integrator Phoenix Solar announces 2014 results: Revenue and earnings below Expectations

2015-03-26

Phoenix Solar AG (Sulzemoos, Germany), an international solar photovoltaic (PV) system integrator listed in the Prime Standard of the Frankfurt Stock Exchange, recorded consolidated revenues of EUR 33.8 million in its 2014 financial year (2013: EUR 141.2 million). Operating earnings (EBIT) amounted to EUR -4.6 million (2013: EUR -1.4 million). The decline in revenues and earnings compared to the 2013 financial year was already anticipated in the course of 2014. The company attributed last year's shortfall to delays in new orders which were pushed into 2015. The complete 2014 financial statements of the Group will be published on March 31st, 2015 as planned. Read more...

CK Mondavi Family Vineyards, one of the largest wineries in the world and a PG&E solar customer

PG&E leads U.S. as largest solar utility with more than 150,000 customer PV installations

2015-03-26

Pacific Gas & Electric Company (PG&E, San Francisco, CA, US) on March 25th, 2015 announced that it has reached a significant milestone by connecting the 150,000th solar customer to its electric grid. In addition, during 2014, the utility connected more rooftop solar photovoltaic (PV) customers to its grid than any other year in its history. More than 45,000 new solar customers were added in 2014 alone. During this time period, PG&E added approximately 326 MW of installed solar PV power – enough to power more than 70,000 homes. Read more...

Some 40,000 of the nickel-based Sunica.plus batteries will be deployed at around 775 wells across the Dukhan Oil Field

Solar Energy Storage: Saft announces USD 10 million Dollar order for off-grid solar PV systems serving Qatar’s Dukhan oilfield

2015-03-26

Saft (Paris, France), designer and manufacturer of high-tech industrial batteries, has been awarded an around USD 10 million contract by Kentz, a member of the SNC-Lavalin Group and global engineering specialist solutions provider, to supply its Sunica.plus batteries for critical solar photovoltaic (PV) powered systems serving Qatar Petroleum’s Dukhan oilfield. Over the next two years, some 40,000 of the nickel-based Sunica.plus batteries will be deployed at around 775 wells across the oilfield, where they will provide energy storage and backup power for wellhead industrial control systems and corrosion protection systems. Read more...

Tesla has already moved some 50,000 of its Model S electric cars.

New ZSW analysis on electric mobility: 320,000 new registrations in 2014; Car battery suppliers achieve some EUR 2 billion revenue

2015-03-26

The Centre for Solar Energy and Hydrogen Research Baden-Wuerttemberg (ZSW, Stuttgart, Germany) reports another powerful surge in electric mobility's growth. According to its scientists' calculations, more than 740,000 electric cars were on the road worldwide in early 2015. Some 320,000 vehicles were registered last year, enabling car battery suppliers to generate revenue of around 2 billion Euros. Nissan Leaf, Tesla Model S and Mitsubishi Outlander Plug-In headed up the registration statistics in 2014. Read more...

The SunLink ViaSol PV tracker is proven on such high profile, multi-megawatt projects as Arizona State University and USAA’s Phoenix Campus sites, as well as a Southern California community solar project for NRG Energy

SunLink completes acquisition of flagship single-axis solar PV tracker technology

2015-03-26

SunLink Corporation (San Rafael, CA, US) on March 25th, 2015 announced the acquisition of the “SunLink ViaSol Tracker”, proven on such high profile, multi-megawatt projects as Arizona State University and USAA’s Phoenix Campus sites, as well as a Southern California community solar project for NRG Energy. Applying SunLink’s engineering expertise to the tracker market for the first time, the SunLink ViaSol Tracker features installation and O&M benefits through the utilization of industry standard, off-the-shelf components and a streamlined design, the company emphasizes. Read more...

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, Yingli expects its 2015 PV module shipment target to be in the estimated range of 3.6 GW to 3.9 GW

Yingli Solar reports Q4 and full year 2014 results: Full-year 2014 gross profit significantly increased

2015-03-25

Yingli Green Energy Holding Company Limited (Baoding, China), known as "Yingli Solar," on March 25th, 2015 announced its unaudited consolidated financial results for the quarter and full year ended December 31st, 2014. Yingli Solar’s 2014 total net revenues were RMB 12,927.4 million (USD 2,083.5 million). The company shipped a total of 3,361.3 MW of solar PV modules (including shipments for own PV projects) were gross profit was RMB 2,238.2 million (USD 360.7 million), representing a gross margin of 17.3%. Read more...

JinkoSolar will deliver over 340,000 polycrystalline 72-cell PV panels to the Utah Red Hills Renewable Park

JinkoSolar to supply solar PV modules totaling 104 MW for Utah Red Hills Renewable Park project in the US

2015-03-25

JinkoSolar Holding Co., Ltd. (Shanghai, China) on March 25th, 2015 announced that it will supply 104 MW of solar PV panels for the Utah Red Hills Renewable Park project. JinkoSolar will deliver over 340,000 of its utility-scale, high-efficiency polycrystalline 72-cell panels to the Utah Red Hills Renewable Park though a contract with Swinerton Renewable Energy. Read more...

Imergy's energy storage system 5 kW

SunEdison purchases 1,000 energy storage systems from Imergy to bring solar power to villagers in rural India

2015-03-25

SunEdison, Inc. (Belmont, California, US) on March 25th, 2015 announced that it plans to purchase up to 1,000 vanadium flow batteries (over 100 megawatt hours) from Imergy Power Systems (Fremont, CA, US). The batteries will be used to store solar-generated electricity for SunEdison's rural electrification and solar powered minigrid projects in India. Read more...

Pictured from left: Tadao Kasahara (Executive Chairman, REC Solar Japan Co., Ltd), Martin Cooper (CFO, REC), Jacqueline Wong (Corporate Communications Manager, REC), Jen Tan (Vice President, APAC Sales, REC), Sujay Malve (Senior Manager, Business Development, REC

REC wins sustainability award for solar PV solutions for two consecutive years

2015-03-25

REC has won the “Best Company for Sustainability” award in the category “Global Solar Energy Solutions” by IAIR Group. This is the second year that REC has won the award. Voted by a judging panel and over 50,000 readers of the independent magazine and research institute, the award recognizes REC’s excellence in ecologically sustainable products and a responsible global business conduct. Read more...

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