At US$518.4 million, the quarterly turnover of the South Korean-German manufacturer was down 10.3% year-on-year, while its net result swung from a profit of $18.7 million in the second quarter of 2017, to a loss of $41.3 million in the latest quarter. Despite this, the outlook for full fiscal 2018 remains unchanged.
Green Investment Group, Macquarie Capital’s global green investment platform, has announced the acquisition of a significant solar development portfolio from German-headquartered EPC Conergy. The acquisition will see 88 solar experts join the GIG team.
The predicted fall in global PV module prices appears to have already begun, with PVInsights and EnergyTrend reporting average prices in the $0.27-$0.37/W range.
Researchers from Helmholtz-Zentrum Berlin (HZB) and Oxford PV have presented a new record perovskite tandem solar cell, with a 25.2% conversion efficiency, independently verified by Fraunhofer ISE. Bernd Stannowski, from HZB presented the results this week at the World Conference on Photovoltaic Energy Conversion (WCPEC-7) in Hawaii.
The 2018 Ecosummit Berlin, a EU cleantech startup platform, focussed on smart green energy and mobility. Of the 99 speakers, 69 were startups presenting innovative solutions to a changing energy economy, catering to the needs of end-customers, developers and utilities alike.
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.
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.
The Terra High Power charger can charge an electric vehicle (EV) in just eight minutes, thus adding up to 200 km of range, says ABB, which launched the new model at this year’s Hannover Messe.
German research institute Fraunhofer Institute for Solar Energy Systems (ISE) and equipment supplier Schmid have jointly developed a production for customizable modules for building-integrated projects. According to Fraunhofer ISE, the concepts developed by joint study could reduce the production cost for BIPV modules as much as 35%.
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.
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