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SolarCity targets million customer goal with acquisition of Paramount Solar

San Mateo, USA - SolarCity has announced that they have entered into a definite agreement to acquire the assets of Paramount Solar. The cost of the transaction is valued at approximately 120 million US-dollars (90 million euros), of which 116.3 million US-dollars (87 million euros) will be paid in stock and the remainder in cash. By taking over Paramount Solar, Solar City inches closer to its goal to deliver solar energy to more than one million customers.

Company profile Nordex raises full-year guidance for 2013

The Nordex Group posted in its newest press release a 57 per cent increase in sales to around 661 million euros in the first half of 2013 (2012: 421 million euros). The company registered 93 per cent of its sales in the growing European market while the sales volume in America and Asia declined. The positive results were in large part due to a new generation of products that afforded the wind turbine maker a performance edge in the European market.

Vestas secures 50 MW deal with leading Chinese regional gas supplier

Vestas has received a 50 MW order from Ningxia-based Hanas New Energy, the leading regional natural gas supplier in China’s Ningxia Hui Autonomous Region (NHAR). The order consists of 25 units of the V90-2.0 MW turbine model which will be installed in Yanchi wind park in NHAR.

345 MW: Trina Solar bags major supply contract in USA

Changzhou, China - Trina Solar Limited, a manufacturer of photovoltaic (PV) modules, solutions and services, today announced it has been chosen to provide 1.1 million of its high-quality PV multi-crystalline modules to the 345 MW Copper Mountain Solar 3 Project in Boulder City, Nevada. The project is owned and operated by Sempra U.S. Gas & Power and will be constructed by AMEC. When completed, the facility will provide clean solar electricity to 80,000 homes for the Los Angeles Department of Water and Power, and the City of Burbank.

Company profile Nordex boosts capacity for its bestseller N117

Hamburg - The Nordex Group has signed a multiyear supply agreement with US supplier TPI Composites for the delivery of NR-58.5 rotor blades. Nordex uses the NR-58.5 in its successful N117/2400 turbine and will also be fitting it to the N117/3000 in the future. “With this tri-supplier strategy we will be able to boost our capacity for the N117 turbine substantially in the future, ensuring even more reliable deliveries for our customers,” explains Nordex CEO Jürgen Zeschky.

Sunselex Germany files for insolvency

Munich - Sunselex AG in Germany has filed for insolvency on August 1st at the Magistrate Court in Munich, due to a possible loss of liquidity. The German firm is among the most experienced in international project planning and realization of solar parks and reacts to the desolate solar PV market situation in Germany. The core mechanical business unit was unable to operate profitably in the local market.

Research: Fuel cell market to grow rapidly

Dublin, Ireland - The global fuel cell market revenue is estimated to reach 2.5 billion dollars by 2018, according to a report by Research and Markets.

Company profile First Nordex Generation Delta turbines ready for deployment

Hamburg – Launched in February 2013, the Nordex Generation Delta turbines now have received all design evaluation certificates in accordance with the international IEC standard (Design Evaluation Conformity Statement, DECS) on schedule. As well as this, Nordex has already installed the first three next-generation turbines in Germany and Denmark and is thus fully in line with the schedule which it announced.

Tesla exceeds expectations once again

Palo Alto, USA – The U.S. electric car manufacturer, Tesla Motors, delighted its investors once more with strong financial figures in the second quarter of 2013. The company brought in revenues of 26 million dollars, a strong increase of around 70 percent over the first quarter of the current year. The strong sales numbers achieved by the company´s Model S, which reached a record high volume of 5,150 units and exceeding the expected sum of 4,500 units projected, provided a considerable boost to the company´s financial statement. In the first quarter, the company´s gross margin increased by five percentage points to 22 percent over the prior quarter´s results.

Asian portfolio bails out Canadian Solar

Guelph, Canada – The solar module manufacturer, Canadian Solar, was able to trim its losses in the second quarter of 2013. In comparsion to a deficit of 25.5 million dollars in the second quarter of 2012, the company managed to post a reduced shortfall of 12.6 million dollars in the second quarer of this year. Revenues, on the other hand, rose by 9.2 percent to 380.4 million dollars, which was largely a result of the strong showing the company was able to make in the asian market. This development was able to counterbalance a sharp reversal of fortune for company sales in the european market.

Strong demand: Solarcity’s losses narrow

San Mateo, USA – The demand for rooftop power systems keeps on growing: Solarcity deployed 53 MW in the second quarter. The company’s losses narrowed by 7,4 percent to 23,9 mio. dollars – less than expected by analysts. Revenue decreased to 37,9 mio. Dollar.

Greater Gabbard: RWE Innogy and SEE inaugurate world´s second largest offshore wind farm

Essen/Lowestoft, G.B. – Only one month after the inauguration of the world´s largest offshore windfarm London Array, the second largest offshore wind farm in the world was ceremoniously introduced Wednesday in England. The wind farm Greater Gabbard, which is a joint venture between RWE Innogy and SSE and is located 23 kilometres off the coast of Suffolk, is now capable of supplying electricity to around 530,000 households with its installed capacity of 500 megawatts (MW).

First Solar posts weak second quarter numbers, downgrades financial forecast for 2013

Tempe, USA - First Solar, Inc. reported revenue losses in the second quarter of 2013 Tuesday, upon which the financial forecast for the current year was downgraded. Net sales came in at 520 million dollars in the quarter, a decrease of 235 million from the prior quarter and a decrease of 438 million dollars from the second quarter of 2012. The sequential decrease in net sales is primarily attributable to lower systems business project revenues as well as lower module-only sales volume to third-parties. The financial results were further impacted by the fact that the company did not complete the sale of its Canadian ABW solar projects in the second quarter of 2013 and such sale is expected to occur in the second half of this year.

GT Advanced reports income gains in the second quarter

Merrimack, USA - GT Advanced Technologies, a diversified technology company involved in the global solar, LED and electronics industries, has reported an increase in revenues for the second quarter of the current fiscal year. Reported revenues for the second quarter, which ended June 2013, came in at 168.3 million dollars, including 150.7 million dollars in polysilicon, 11.4 million dollars in photovoltaic (PV), and 6.2 million dollars in sapphire. This compares to revenue in the first quarter of 57.8 million dollars and 167.3 million dollars in the second quarter of calendar 2012. Revenue for the first six months of 2013 was 226.1 million dollars compared to 521.1 million for the first six months of 2012.

Global PV-Market on the upswing in June

London/New York - The world solar photovoltaic industry, dogged by overcapacity and consolidation in recent years, saw a pick-up in shipments as well as firmer prices in June. So reveals Bloomberg New Energy Finance’s new Solar Shipments Index, based on a survey of leading manufacturers in the PV supply chain.

Canadian Solar to sell five solar power plants

Guelph, Canada - Canadian Solar has reported it will sell five utility-scale solar power plants totaling 49 megawatts (MW) valued at over C$ 290 mio. (211 mio. Euro). Its subsidiary, Canadian Solar Solutions Inc., has entered into a sales agreement with Concord Pacific's green energy affiliate, Concord Green Energy. Construction on the plants located in Ontario is expected to be carried out beginning in the current year and continuing in the following year with commercial operation expected in 2014.

Global solar power inverter revenues to recover in 2014

London - The global market for solar photovoltaic (PV) inverters is forecast to decrease by 5 percent to $6.7 billion in 2013, according to a new report entitled “The World Market for PV Inverters - 2013 Edition” from IMS Research. Despite PV inverter shipments rising to 34.2 gigawatts (GW) in 2013, average global inverter prices are expected to fall by 11 percent this year, resulting in a decline in revenue, posing significant challenges to inverter suppliers as they cope with shrinking profit margins and increased competition. Even so, several growth opportunities exist for suppliers in certain segments, which should help inverter revenues to recover in 2014 and resume double-digit growth.

Suzlon´s losses swell in Q1

Pune, India – Indian wind turbine supplier Suzlon reported a net loss of 10.6 Billion rupees in the first quarter of the current fiscal year. Restructuring costs and the depreciation of the rupee widened the deficit in comparison to last year’s results when the company lost 8.48 billion rupees. Revenue fell 18 percent to 38.9 billion rupees.

105 MW: Vestas secures large order for wind farms in South Africa

Johannesburg, South Africa - Vestas will deliver 105 megawatts (MW) of wind power plants to South Africa. The Danish producer announced on Thursday that a consortium led by Innowind, an 80 per cent affiliate of EDF EN, ordered the plants for the three wind farms Chaba, Waainek and Grassridge. The co-investors and partners in the projects are the Industrial Development Corporation (IDC) and the local communities.

Enel Green Power´s finances boosted by brisk wind business

Rome –The Italian green electricity provider, Enel Green Power, has announced gains in both company revenues and profits for the first half of 2013. This growth was in large part afforded by the strong development of its wind assets. In the period between January and June 2013, the company earned a profit of 269 million euros, which trumps the reported profits of the previous year by 21.7 percent. Total revenues accumulated during the first half of the year amounted to upwards of 1.461 billion euros, a 22.7 percent increase over the figure from 2012.

Sunpower Corp. achieves turnaround

San Jose – Sunpower Corp announced its financial results for the second quarter on Wednesday. The producer of solar modules reported a net income of 19,6 Mio. US-Dollar, compared with a net loss of 84,2 Mio. Dollar a year ago. Revenue decreased by 3,3 percent to 576,5 Mio. Dollar. Strong demand helped the company to top expectations. Net installed capacity rose from 257 to 298 megawatts (MW).

Gamesa lands contract to outfit wind farm in Mexico with 138 MW

Madrid - Gamesa, a global wind energy company, has landed a contract to supply 138 MW for a wind farm which Renovalia – via its subsidiary Desarrollos Eólicos Mexicanos de Oaxaca – will build on Mexico's Tehuantepec Isthmus.

155 MW: First Solar takes on Australia´s largest solar project to date

Sydney - First Solar has announced that AGL Energy Limited (AGL) has achieved financial close for two utility-scale solar photovoltaic (PV) projects. First Solar has executed engineering, procurement and construction (EPC) contracts to supply the projects with its advanced thin-film photovoltaic (PV) modules and provide EPC services. In addition, First Solar will provide maintenance support for a period of five years once the solar farms are operational.

30 MW: Canadian Solar completes rooftop project in China

Guelph, Canada - Canadian Solar Inc. announced the successful completion of a 30 MW rooftop PV installation in China's City of Suzhou under the country's Golden Sun program. The project spanned 129 buildings, with a total surface area of approximately 500,000 square meters, the company thursday said in a press release. The rooftops were mixed surfaces, with 200,000 square meters of steel structured rooftops and 300,000 square meters of concrete rooftops. Canadian Solar's CS6P-245P's modules were used.

U.S. Report - World energy consumption expected to climb by 56 percent by 2040

Washington D.C. - The U.S. Energy Information Agenency´s (EIA) recently released International Energy Outlook 2013 (IEO2013) projects that world energy consumption will grow by 56% between 2010 and 2040, from 524 quadrillion British thermal units (Btu) to 820 quadrillion Btu.

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