Latest PV market updates

German court opens insolvency proceedings against Photon Holding

Photon cover

The District Court of Aachen has opened the main insolvency proceedings against the group due to its inability to meet its liabilities. Preliminary proceedings began in June at the request of a creditor.


SunPower breaks ground on 135 MW Quinto Solar Project

California Valley Solar Ranch in San Luis Obispo County.

CEO Tom Werner says SunPower's ownership strategy provides it with a return on investment from its technology while reducing the risk to potential buyers if it later sells the plant.


PV more profitable than onshore wind in Germany

Fraunhofer ISI, Karlsruhe, Germany

Although PV installations in Germany produce less electricity than onshore wind installations, they generate "significantly higher profits," according to a new report by the Fraunhofer Institute.


Shin-Etsu Chemical to license cell manufacturing technology

Shin-Etsu Gunma Complex, Isobe Plant, Japan

The Japanese company has established a mass production process for 156 by 156 mm solar cell products that have a conversion efficiency of 21%.


US army adds small businesses to $7 billion renewable energy contract

PV installation, Fort Bliss, Texas

The Army's $7 billion Multiple Award Task Order Contract (MATOC) is aimed at power purchase agreements involving renewable or alternative energy projects greater than 10 MW.


First Solar signs 100 MW deal with Japan's XSOL

Mount Fuji, Japan

The deal follows First Solar's move last year to invest $100 million in mega solar projects in the country. The XSOL agreement will also supply smaller-scale installations.


SunPower can access another $44.5 million for solar leases

A SunPower residential solar installation.

U.S. vertically integrated manufacturer SunPower has closed an agreement to finance $44.5 million of its solar leases. Hannon Armstrong Sustainable Infrastructure Capital (HASI) is providing the capital.


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