Solar Industry News Posts

U.S. President Trump receives report on possible new solar tariffs

U.S. President Trump receives report on possible new solar tariffs

After two U.S. solar manufacturers filed for bankruptcy protection earlier this year, the ITC agreed that the import of cheap solar products harms local companies. It has thus drawn up a plan of possible measures to improve the situation. President Trump received it earlier this month and has 90 days to give his pending approval.

Hungary grants selected PV projects 1-year reprieve to encourage completion

Hungary grants selected PV projects 1-year reprieve to encourage completion

Hungary’s government has amended its Decree 389/2007. As a result, selected PV projects that are unlikely to meet their deadline may now receive a 1-year grace period. This is a further step taken to bring along the country’s National Renewable Action Plan.

India’s first auction for solar and storage combination completed

India’s first auction for solar and storage combination completed

India has held its first auction for a utility-scale PV project combined with an energy storage facility. The local company Mahindra Susten won with their bid of 2.99 billion IDR (46 million USD).

U.S. solar market experienced record-breaking Q2

U.S. solar market experienced record-breaking Q2

In the second quarter of 2017, a record-breaking 2.4 GW were added to the U.S. solar market’s overall capacity. This is an 8% increase over last year’s results and makes it the largest second quarter ever.

SolarWorld to be sold to CEO Frank Asbeck

SolarWorld to be sold to CEO Frank Asbeck

After filing for insolvency in May, German solar panel manufacturer SolarWorld AG has been through a rough couple of months. Now, however, a turn of events might keep the company in business and save 500 jobs, as all involved parties agreed to sell and transfer SolarWorld to its CEO Frank Asbeck.

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