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Canadian Solar reports second quarter 2014 results

Guelph, Canada/ Münster, Germany – Today, Canadian Solar announced its financial results for the second quarter. Compared to other solar companies, they have a positive balance. The outlook makes them confident. The producer of PV cells and modules clearly increased its sales volume in the second quarter and has a positive development in its sales and profit.

Company profile Nordex growing with significantly improved profitability in H1/2014

Hamburg, Germany - In the first six months of the current year, the Nordex Group achieved a 23.4 percent increase in sales to EUR 815.4 million (H1/2013: EUR 660.6 million). Consolidated operating earnings rose by 147 percent to EUR 37.1 million (H1/2013: EUR 15.0 million), equivalent to an EBIT margin of 4.5% (H1/2013: 2.2%). This performance was particularly driven by economies of scale. At the same time, Nordex was able to lower its structural costs again. Consolidated net profit rose to EUR 16.5 million (H1/2013: EUR 1.3 million).

Start of construction for new hydropower plant in Iowa

Iowa-USA- There are nearly about 80,000 non-powered dams in the US. In a few years, one of them will produce electricity for about 18,000 homes. Voith Hydro received the contract to supply the dam with two vertical Kaplan type turbines with generators and automation systems. During construction of the hydroelectric plant the Red Rock Tailwater area will be closed.

EIB financially supports projects of Eskom and DBSA in the Northern Cape

Bruxelles, Belgium - Europe’s long-term lending institution, the European Investment Bank (EIB) and Eskom have agreed a new 75 million Euro (R1.1 billion) finance contract to support Eskom’s 100MW Concentrating Solar Power (CSP) plant close to Upington. There was also a contract of EIB with the Development Bank of Southern Africa (DBSA) to support the development of the !Ka Xu 100 MW CSP.

Jinko Power signs 5year 500 MW PV project development agreement

Shanghai, China – The PV-manufacturer JinkoSolar today announced that JinkoSolar Power Co., , a subsidiary of the Company has signed a PV project development agreement with the Economic Development Zone of Lishui City), Zhejiang Province, to develop a 500MW PV power plant with an aggregate investment amount of RMB5 billion (607 mio. Euro).

Gamesa concludes turnkey construction of its first wind farm in Chile

Madrid, Spain – Gamesa, a global technology leader in wind energy, has concluded turnkey construction of its first wind farm in Chile, -the 36 megawatt San Pedro Chiloé wind farm- for the local company Transantartic. The project is located on Chiloé Island, in the southern part of the country.

Canadian Solar powers 44 MW solar farms in North Carolina

Guelph, Canada - Canadian Solar announced that the Company executed a 44 MWp module sales agreement with affiliates of Entropy Investment Management and Entropy Solar Integrators.

Offshore: Siemens receives order for wind turbines in Germany

Hamburg - Vattenfall has awarded Siemens Energy an order for 72 Model SWT-4.0-130 wind turbines for its new Sandbank offshore wind farm. The project is being erected 90 kilometers west of the island of Sylt in water depths between 25 and 37 meters within the exclusive economic zone off the German North Sea coast.

JinkoSolar opens solar module factory in Cape Town

Shanghai - JinkoSolar announced that it has opened a solar module factory in Cape Town, South Africa.

Yingli to supply over 30 MW in Japan

Baoding, China/Madrid - Yingli Green Energy announced that its wholly owned subsidiary, Yingli Green Energy Spain, has signed a 31.6 MW supply agreement with Gestamp Solar, a Spanish developer and operator of utility-scale PV systems for a solar power plant in Daigo, Japan.

Fraunhofer Chile and DBFZ intensify cooperation on organic waste to energy research

Leipzig, Germany - Several delegates from the Fraunhofer Chile Research Centre for Systems Biotechnology (FCR-CSB) and Deutsches Biomasseforschungszentrum (DBFZ) seek for intensified cooperation in issues related to energetic use of organic waste. Special interest of the Chilean experts is on knowledge transfer in the fields of biogas and the process of hydrothermal carbonization (HTC).

Yingli surpasses 10 GWs of global Solar module deliveries

Boading, China – The PV module manufacturer Yingli Green Energy (Yingli Solar) announced that the company has surpassed 10 gigawatts (GWs) of cumulative solar module deliveries worldwide. The company realized this historic milestone by June 30th, 2014.

SEIA urges SolarWorld to offer counter proposal in trade dispute

Washington, USA - In hopes of ending the long-running and costly U.S.-China solar trade dispute, the Solar Energy Industries Association (SEIA) urged SolarWorld Americas LLC to offer a specific proposal which could serve as the basis for discussions in renewed attempts to reach a negotiated settlement.

Weak demand in Europe affects consolidated earnings of SMA Solar Technology

Niestetal, Germany — From January to June 2014, SMA Solar Technology AG sold PV inverters with an output of 2.0 gigawatts (Q1–Q2 2013: 2.5 GW) and generated sales of €341.2 million (Q1–Q2 2013: €461.5 million) in a market dominated by high price pressure. The main reasons for the decline in sales were the slump in demand in Europe and the high price pressure.

SMA purchases european O&M business from Phoenix Solar

Niestetal/Sulzemoos, Germany - SMA Solar Technology AG and Phoenix Solar AG today signed a contract for the selling of European operations and maintenance activities (O&M business) from Phoenix Solar to SMA. This transaction sees SMA systematically implementing its growth strategy in the service business.

First Solar announces second quarter 2014 financial results

Tempe, USA - First Solar announced financial results for the second quarter of 2014. Net sales were $544 million in the quarter, a decrease of $406 million from the first quarter of 2014. According to First Solar the sequential decrease in net sales is primarily attributable to achieving revenue recognition on the company’s Campo Verde project in the prior quarter and project delays in the second quarter which resulted in the deferral of some revenue recognition to the second half of the year.

SunPower to expand Uterne solar power plant in Australia

San Jose, USA/Melbourne, Australia - Epuron and SunPower have partnered to quadruple the size of the Uterne solar power plant. The project is expected to be completed in 2015.

South Africa: Local production of SMA central inverters launched

Niestetal, Germany/Cape Town - After the successful early commissioning of the Kalkbult PV power plant last fall, the Linde 40-MW project with technology from SMA Solar Technology AG (SMA) has now been completed.

E.ON's Humber Gateway Offshore Wind Farm is on track

Coventry, UK - E.ON's Humber Gateway Offshore Wind Farm Operations and Maintenance base was officially opened by Secretary of State for Communities and Local Government, the Rt Hon Eric Pickles MP.

Suntech establishes subsidiary to serve South African market

Johannesburg - Suntech is expanding its footprint in Africa by establishing a subsidiary company in South Africa.

Fuelcell Energy announces strategic financing agreements with NRG Energy

Danbury, USA - Fuelcell Energy, Inc., manufacturer of fuel cell power plants, announced a broadening and deepening of the existing relationship with NRG Energy including a $35.0 million investment in Fuelcell Energy common stock by NRG Energy and the establishment of a new $40.0 million revolving construction and term loan facility by NRG Energy for Fuelcell Energy to use for project development.

Panasonic and Tesla cooperate for the "Gigafactory"

Osaka, Japan / Palo Alto, USA – Panasonic Corporation and Tesla Motors, Inc. have signed an agreement that lays out their cooperation on the construction of a large-scale battery manufacturing plant in the United States, known as the Gigafactory.

Bioethanol-producer Green Plains: First half 2014 net income of $75.5 million

Omaha, USA - Green Plains Inc. announced its financial results for the second quarter of 2014.

SMA lowers forecast

Niestetal, Germany - The Managing Board of SMA Solar Technology AG has adjusted its sales and earnings forecast for 2014.

Ballard reports continuing progress in key financial metrics

Vancouver, Canada – Ballard Power Systems announced its consolidated financial results for the second quarter ended June 30, 2014. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).

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