China Installs Nearly 10 Gigawatts Of Solar In First Quarter, Up 22%

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Apr 252018
 

China’s National Energy Administration announced on Tuesday that the country installed an impressive 9.65 gigawatts (GW) of new solar PV capacity in the first quarter of 2018, up 22% on the same period a year earlier and up on analysts’ projections. 

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Jinko Solar Posts Strong Third Quarter, Increases 2017 Shipping Guidance

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Dec 082017
 

Chinese solar manufacturer Jinko Solar has posted another strong financial quarter with year-over-year shipping and revenue increases and an increase to its full-year 2017 shipping guidance, solidifying its market leadership this year. 
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California Electric Car Sales Up 91% (1st Quarter)

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May 202017
 

The data is in. It has been sliced and diced six ways to Sunday and now it can be told. EV sales in California during the first quarter of 2017 were up 91% compared to the same quarter a year ago. Industry observers give much of the credit to the Chevy Bolt, the first all-electric car from General Motors that went on sale in the Golden State last December. 2,735 Californians opted for the Bolt in the first quarter of the year. Rebecca Lindblad, a Kelley Blue Book analyst, said the Bolt — with its 240 miles of range — brings a “new element” to the electric car market

California Electric Car Sales Up 91% (1st Quarter) was originally published on CleanTechnica.

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Tesla Model 3 Progress, Gigafactories 1–5, Tesla Insurance … (Tesla 4th Quarter & 2016 Financials Call & Report)

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Feb 222017
 

In what was likely the most anticipated earnings call ever for Tesla, the auto manufacturer / stationary storage manufacturer / full service solar provider / soon-to-be taxi service / autonomous vehicle technology company (and maybe insurance company in the near future) shared financial results for Q4 2016 and for the full year. Perhaps more importantly, it also unpacked tons of detail for what’s to come in the balance of 2017 and beyond

Tesla Model 3 Progress, Gigafactories 1–5, Tesla Insurance … (Tesla 4th Quarter & 2016 Financials Call & Report) was originally published on CleanTechnica.

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UK Installed More Than 1.5 GW Of Solar In First Quarter

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Jun 172016
 

Solar Intelligence-3

According to Solar Intelligence analyst Finlay Colville, the UK installed 1.553 GW of new solar PV capacity during the first quarter of 2016. “The wait is over, and the counting has been finished by our research team,” explained leading solar energy expert, Finlay Colville, this week. “The size of the UK solar market in the [&hellip

UK Installed More Than 1.5 GW Of Solar In First Quarter was originally published on CleanTechnica.

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SunPower Reports First Quarter Loss

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May 062016
 

SunPower

US solar power company SunPower has reported a net loss in its first quarter earnings, despite strong manufacturing capacity. The California-based solar PV manufacturer published its first quarter earnings report this week, but it seems that investors were already preparing for the worst, as the company’s share price has dropped steadily all week. SunPower’s (GAAP) [&hellip

SunPower Reports First Quarter Loss was originally published on CleanTechnica.

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First Solar Reports Second Quarter Sales Of $896 Million

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Aug 052015
 

first-solar-sets-solar-cell-record

Leading global solar PV provider First Solar announced net sales of $ 896 million in its second quarter earnings report, released Tuesday, up significantly on first quarter figures. Net sales were up $ 427 million on the first quarter of the year, which fell sharply as First Solar hoarded projects to offload into its soon-to-be yieldco, 8point3 [&hellip

First Solar Reports Second Quarter Sales Of $ 896 Million was originally published on CleanTechnica.

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Third Quarter 2013 Solar PV Installations Reach 9 GW

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Oct 142013
 


Third quarter global solar installations in 2013 reached 9 GW, according to a recent report. NPD Solarbuzz Quarterly said demand increased 6% compared to the second quarter, while advancing 20% above a year earlier.

131002_third_quarter_solar_pv_installations_reach_record_high

Image Credit: Solar PV End Market via NPD Solarbuzz

Price stabilization provided some underlying support in the third quarter, analysts said. “The record levels of mid-year demand in 2013 have been critical to the overall recovery of the solar PV sector,” said NPD Solarbuzz senior analyst Michael Barker. “Restored confidence in end-market growth is allowing leading solar PV manufacturers to pursue aggressive shipment strategies within both established and emerging territories, despite earlier concerns that trade wars could dampen growth.”

Fourth quarter PV demand is expected to remain strong, reaching between 10-12 GW. China and the US will take half of the further gains, the report noted.

Revenues for solar PV end markets are targeted for $ 21 billion in the last quarter of 2013, and $ 65-$ 75 billion by year’s end. That compares to $ 68 billion in 2012 and $ 92 billion two years ago, when system prices were higher.

NPD Solarbuzz is the first report to come out about third quarter PV installation numbers. IHS still has not released for this period. However, it did recently report 2013 second quarter global solar installations were 8.5 GW, up from 7.1 GW in the first.

Third Quarter 2013 Solar PV Installations Reach 9 GW was originally published on: CleanTechnica. To read more from CleanTechnica, join over 30,000 other subscribers: RSS | Facebook | Twitter.


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$207 Million In Venture Capital For Solar In Third Quarter of 2013

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Oct 092013
 


Venture capital funding for global solar was $ 207 million in Q3 of 2013, according to a new report published by the Mercom Capital Group, a  clean energy communications and consulting firm.  This total was an increase of $ 18 million from the previous quarter. PV companies received the most funding of the solar technologies that were invested in, to the tune of $ 57 million.

Image Credit: Public Domain

Also for the third quarter, there was an increase in the number of VCs engaging in funding to 35, up from 27 in Q2.

The top five VC ventures in the third quarter were:

1. Solexel with $ 39.9 million raised
2. eSolar’s $ 22 million
3. Clean Power Finance’s $ 20 million in funding
4. HelioVolt’s $ 19 million
5. Dyesol’s $ 16 million.

The $ 39.9 raised by Solexel was the largest amount by far. They make high-efficiency crystalline silicon solar cells and modules. Some of the investors that contributed were Northgate Capital, GSV Capital, KCPB Holdings, SunPower, Technology Partners, and DAG Ventures.

Announced project funding deals so far this year total 106, but last year they were just 84.

Raj Prabhu, CEO of Mercom Capital Group, commented,  ”Overall market conditions for the solar sector continue to improve.  Project funding and M&A activity were at record levels reflecting an improved demand outlook. Taking advantage of rising market values, we  also saw significant financing activity among publicly-traded companies  this quarter.”

One of the peculiar aspects of this story is the relative lack of press about it. Meaning that it doesn’t have the same intense focus found with the political football playing associated with a Solyndra. Disaster stories about renewable energy mesh well with preconceived beliefs about the difficulty of transitioning towards clean energy sources. The information in the new report, however, shows a positive trend for businesses that are willing to remain open to new possibilities. VCs support technological change and in this case the societal impacts could be very large.

It’s also interesting to see diversity among the investors, rather than the more monopolistic lack of it in the petroleum industry. Another notable absence in the media is the fact that investing in these solar companies helps create jobs in a difficult economic period. For example, last year it was reported that Solexel was looking to have 100 employees.

$ 207 Million In Venture Capital For Solar In Third Quarter of 2013 was originally published on: CleanTechnica. To read more from CleanTechnica, join over 30,000 other subscribers: RSS | Facebook | Twitter.


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