• Q4: Improved GM and reduced Opex contribute to positive Adjusted EBITDA • Full Year: 40% revenue growth and 63% Adjusted EBITDA improvement
Germany-based SMA Solar is to acquire Danfoss’ solar inverter business. Danfoss will acquire 20% of SMA’s shares with a value of €302 million (US$415 million) in return for selling its inverter unit. It will receive SMA shares at a price of €43.57 50% premium on the average price during (US$59.86) the past 60 days. The alliance between SMA and Danfoss brings together respectively the world's largest and seventh largest inverter manufacturers by market share, according to an IHS study published in May. “The strategic alliance with Danfoss strengthens SMA’s leading position in the global photovoltaic market. We are faced with a highly competitive market environment and increased price pressure,” said Pierre-Pascal Urbon, chief executive of SMA. “In this context, SMA will benefit from Danfoss’ years of experience in automated drives. This market has been characterised by fierce competition for a long time. Accordingly, the strategy of the Danfoss group targets continuous cost improvements through global sourcing and cost down initiatives. By establishing a close cooperation there is significant potential to improve the cost position in both companies,” added Urbon The inverter market has been hit by the emergence of bigger utility projects that require larger but fewer inverters, and the rise of new players in the microinverter market that have stolen share in the residential sector.
Polysilicon continues on the price uptrend this week. Although downstream solar components face increasing price cut pressure, polysilicon price remains robust under solid demand with high utilization from solar companies.
Major Taiwanese solar cell makers keep high production utilization rate at 92-103% in 1Q14 and down to 62-72% in 2Q14 mainly drop in May and in June, because US anti-dumping investigation seems to affect Chinese solar panel makers to push in cell purchasing earlier to Feb-Apr from the rest of 2014.
The nation’s first offshore wind farm on the Pacific Coast cleared a crucial federal hurdle after Seattle’s Principle Power received approval to move forward on a commercial lease for the proposed $200 million, 30-megawatt project. Principle Power received the go-ahead this month from a Department of the Interior agency to lease 15 square miles of federal waters, 18 miles from Coos Bay, Ore. If the lease request gets final approval, the WindFloat Pacific project would anchor the first offshore turbines in federal waters on the West Coast. It also would be the first in the nation to use triangular floating platforms instead of single piles driven into the ocean floor. At this stage of the complicated federal process, Principle’s plan is considered a demonstration project. DOI’s Bureau of Ocean Energy Management (BOEM) released a finding that there are “no competitive interests for the offshore area of Oregon” where the company has requested the commercial lease. That finding clears the way under BOEM’s non-competitive leasing process for Principle Power to submit an implementation plan for the project. WindFloat Pacific will demonstrate floating offshore wind technology; it is one of the Department of Energy’s (DOE) seven Offshore Wind Advanced Technology Demonstration Projects.
PV Insider has announced a complimentary webinar on ‘Optimal O & M strategies for PV plants in MENA." The 50 minute webinar will take place on Tuesday 4th March at 2pm AST / 3pm GST / 12pm CET time.
It may only have had a capacity of 14MW but the iconic Solar Energy Generating Systems I (SEGS I) project in California commissioned in 1984 lay the foundations for a rich tradition of CSP to follow.
Construction has already begun, and modules will be delivered between February and March 2014.
THiNKnrg Installs One of the Largest Solar Rooftops in Palo Alto at the Oshman Family JCC Using Trina Solar's Trinasmart Modules
397.5 kW rooftop solar installation to save JCC over $1.5 million over 20 years, reducing carbon footprint of LEED certified campus over 9,500 tons
The project was developed under Ontario's Feed-in Tariff (FIT) Program
18 MW Solar Park From SunEdison India Enables Tamil Nadu Businesses To Reap Financial Benefits Of Utility-Scale Solar
Innovative Business Model Helps India Businesses Safely Invest in Solar While Driving Growth for SunEdison
Launches Financing Partnership with Affordable Solar
Locus Energy Launches LGate 360 Data Acquisition System for Monitoring Commercial and Utility-Scale Solar Systems
The LGate 360 can also be specified to collect data from a variety of peripheral devices and meteorological sensors, allowing site owners and operators to more efficiently manage solar PV assets.
This success vindicates a strategy presented on June 12th, 2013 at the inauguration of Solairedirect's first solar park in India
A Lidar Research Programme for Research Institutes has been launched today by industry leading wind lidar provider, ZephIR Lidar.
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