Latest headlines
Centrosolar shareholders approve debt-for-equity swap
Centrosolar sharholders have approved a debt-for-equity plan that will drastically reduce debt by swapping outstanding liabilities for 5.5 million new company shares as part of a restructuring plan.
SunPower shines a ray of light with Q1 figures
With the help of veteran investor Warren Buffett's decision to buy the 579 MW Antelope Valley Solar Projects, California-based SunPower has announced that rarest of things in the solar industry – a positive quarterly update.
Largest Californian solar facility up and running
NRG Energy will cut the ribbon today on its 66 MW Alpine Solar Generating Facility, California's largest fully operational solar generating plant.
$7m for clean energy on US tribal lands
The U.S. Department of Energy is making up to US$7 million available for clean energy projects on tribal land.
Qatari investor expected to save SolarWorld
It has been largely agreed that Qatar Solar Technologies will step in to save SolarWorld AG, according to reports. The details are expected to be published at the German photovoltaic company’s EGM.
Canadian Solar Q1 shipments to exceed guidance
In issuing select preliminary Q1 2013 financial results, Canadian Solar Inc. expects its photovoltaic module shipments and gross margin to exceed previous guidance.
Fall in market share for top ten PV inverter suppliers
IHS has released its latest PV inverters quarterly report. Despite indications of industry consolidation, the top ten largest PV inverter suppliers saw their market share fall from 62% in 2011 to 56% in 2012.
Insolvency for AE Photonics
Insolvency proceedings have officially opened against AE Photonics. All employees have already been laid off. Both the parent company and its Greek, Indian and U.S. subsidiaries will now be liquidated.
Germany: Storage test for the "energiewende"
A power-to-gas research project has been launched in Germany. A research network of institutes and companies will evaluate the capability of long-term storage technologies in a 100% renewable energy electricity scenario.
Conergy announces 2 settlement agreements
Following approval, four former board management members of Conergy will pay the German photovoltaic company over €6 million under a settlement agreement. Part of the funds are expected to be paid to investor plaintiffs under a...
US: PSE&G to invest in more solar
New Jersey's largest electricity provider Public Services and Utility Group (PSE&G) has reached an agreement with New Jersey Board of Public Utilities (BPU) and other parties to increase renewable energy spending.
IBESA storage alliance: More details emerge
Founder of the International Battery and Energy Storage Alliance (IBESA) and Managing Director of IPVEA Bryan D. Ekus provides pv magazine with more insight into the newly formed alliance and the support needed by the storage...
Renewables account for 54% of Spain's electricity production in April
At 54%, electricity production from renewable energy reached a record high in Spain last month. Photovoltaics, meanwhile, met 3.6% of demand.
Suntech's 2012 sales fall by nearly half
Suntech Power Holdings Co. Ltd has released preliminary, unaudited, financial figures for Q4 and FY 2012. As expected, the company suffered from significantly falling sales and a battered gross margin. Meanwhile, a creditors...
Germany: PV FITs decrease 1.8% in May
Germany’s Federal Network Agency officially confirmed that 290 MW worth of photovoltaics were installed in March in Germany. Consequently, FITs will sink by 1.8% between May and July.
Commercial 5 MW battery park to be developed in Germany
Berlin startup Younicos and renewable power utility company Wemag AG are setting up a 5 MW lithium-ion battery park in West Mecklenburg, Germany. Samsung SDI will be supplying the batteries with a 20-year guarantee.
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