Siemens receives major order for Vietnamese PV park

In what marks another major PV project announcement for Vietnam, the Germany-based company will supply equipment for a 258 MW PV system, and commission it upon its completion, scheduled for mid-2019.

TrendForce: Price war may begin due to overcapacity

The Taiwanese analysts expect that overcapacity will force some solar players to abandon their business or file for bankruptcy. IHS Markit also sees further price declines and consolidation in the third quarter, although it does forecast signs of a speedy recovery.

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PVInsight reports strong price drop for monocrystalline products

The latest figures from the Taiwanese analysts show that prices for monocrystalline solar PV products have fallen sharply in a week-on-week comparison. The price drop for wafer was even stronger.

Sonnen secures €60 million investment from Shell Ventures

Germany-based PV-storage provider sonnen has closed a new funding round from a group of investors led by Shell Ventures. Sonnen has already began to draw on the funds as it continues to expand market shares in the U.S. and in Australia. Shell Ventures is now a major sonnen investor and future cooperation agreement has been agreed to.

A cautionary tale: Sourcing modules in a tight market

German EPC Goldbeck Solar shares the unfortunate details of a botched module supply deal with China Sunergy. To date, Goldbeck Solar claims it is yet to receive a single module and has been let badly out of pocket.

SMA confirms guidance for 2018

In the first quarter of 2018 SMA saw its sales increase slightly, while EBITDA improved compared to the same period of the previous year. Net profit, however, was significantly below the level of the first quarter of 2017.

Iconic Mercedes-Benz star to disappear from residential market

The German car maker entered the solar PV home storage business in mid-2016. In the future, its parent company, Daimler will align the stationary storage segment with its grid business.

SolarWorld files for insolvency – again

Roughly seven months after its new beginning, the German solar PV manufacturer has again filed for insolvency at the District Court of Bonn – the second time in one year. SolarWorld blames the planned phasing out of anti-dumping measures by the EU Commission against Chinese competition and the further drop in prices.

Eon plans to take majority share in Innogy

Eon has announced plans to take over a 76.8% stake in the German utility, RWE’s renewable energy spin-off, Innogy. The acquisition is part of a far-reaching agreement between the two, which envisages redistributing operations so that RWE focuses on the renewable energy business, while energy networks and customer solutions would be the responsibility of Eon.

First German ‘technology neutral’ wind and solar tender launched

Onshore wind and solar PV will go head-to-head for the first time in a new 200 MW tender in Germany. Bids for solar PV ground-mounted projects and onshore wind farms can be submitted to the Federal Network Agency by April 3.

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