Sandra Enkhardt
Tesla to build first European gigafactory in Germany
Elon Musk has promised a fab near Berlin that will help create up to 10,000 new jobs. Tesla wants to build the facility near the city’s controversial new BER airport.
Huawei facing another three SolarEdge lawsuits
Inverter manufacturer SolarEdge has filed three additional patent infringement lawsuits against its competitor, Huawei, in China. This comes after three similar legal actions against Huawei that had been undertaken by SolarEdge in Germany last summer. While Huawei has decided not to comment on the matter, the Chinese manufacturer revealed that it had filed three patent litigation claims against SolarEdge at a Chinese court this May.
International Energy Agency forecasts 115 GW of new solar this year
The global expansion of PV, wind power and other clean energies will see double-digit growth this year as solar continues to lead the pack.
EU approves Eon’s bid to take over Innogy
It took a while, but now the energy giants can finalize the mega deal. Rival energy companies have criticized approval of the deal amid fears Eon could dominate the German market.
SMA reports losses for first half of 2019
For the second half of the year, the German inverter producer expects a significant increase in revenues and earnings, mainly due to high order intake. It also confirmed its forecast for the full fiscal year, despite declining sales and sales in the first six months of 2019.
SMA posts first-quarter loss
Sales revenue declined at the start of the year despite steady inverter shipments. The reverse was mainly due to sluggish project business and SMA is predicting significant increases in sales and earnings in the second half.
SMA posts €175 million loss for 2018
The German inverter producer’s sales also fell significantly in the past financial year. With its cost reduction program, SMA is now eager to orchestrate a turnaround, but its first-quarter guidance still shows a sustained downward trend.
Hanwha Q-Cells sues Jinko, Longi and REC for patent infringement
The Korean solar manufacturer has lodged a patent infringement lawsuit against Jinko and REC in Germany, and two more against the same companies plus Longi in the U.S. Hanwha Q Cells claims its three rivals have used its patented solar cell passivation technology to increase the performance of their products.
Siemens wants to take over Kaco
After announcing its entry into residential storage a week ago, the Munich-based multinational has now unveiled a plan to acquire inverter manufacturer Kaco. Siemens has not provided details about the value of the transaction.
Shell moves to acquire German storage business Sonnen
In May 2018, oil giant Shell invested in German manufacturer Sonnen. Now the 112-year-old company wants to fully acquire the business, subject to Germany’s monopoly authorities. Sonnen said it hopes the deal will accelerate its growth by expanding its market reach and capacity.
