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SMA Solar remains cautious on business in 2018

Major PV inverter manufacturer SMA Solar Technology has reiterated sales and earnings guidance for 2018, despite a rebound in its utility-scale business unit and growing energy storage sales. The company expects global solar installation growth of approximately 7% to 109GW in 2018, with leading market China installing around 50GW, compared …

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Sunshine Energy Australia applies for 1.5GW Queensland solar farm

A council in the Australian state of Queensland has confirmed receipt of a planning application for a 1.5GW solar farm, with provision for battery energy storage, from Sunshine Energy Australia. Somerset Regional Council said the plant would be spread across 2,055 hectares east of Harlin along the D’Aguilar Highway. Somerset …

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Brazil to reach 2GW of solar by December

Brazil is expected to hit 2GW of installed solar PV capacity by December 2018, according to the country’s solar association Absolar. Brazil crossed the 1GW milestone at the beginning of this year. Absolar said there are more than 27 thousand distributed generation units in operation, which together total more than 320MW of capacity. …

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SunPower’s CFO leaving July 1 and hires former SunEdison deputy CFO

US-headquartered high-efficiency solar module manufacturer SunPower Corp has announced that its long-term Executive Vice President and Chief Financial Officer, Charles D. Boynton would leave the company on July 1 for other career opportunities. SunPower has hired Manavendra S. Sial, a former MEMC/SunEdison finance and operations manager that has been in …

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ReneSola sells stake in China DG solar subsidiary

PV project developer ReneSola has agreed to an equity investment agreement that will see an investor set aside US$31.4 million in cash to acquire 40.13% of Zhejiang ReneSola Investment Limited. The investment closed on 2 May 2018. Currently, ReneSola has over 187MW of DG projects under operation, most of which …

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