Latest headlines
Power-One shareholders sue ABB
Swiss power and automation technologies giant ABB announced on April 22 the acquisition of inverter manufacturer U.S. Power-One. But shareholders of the American company are claiming that the US$1 billion sale price is too low....
EU plans provisional average AD duties of 47% on Chinese PV imports
EU commissioners today backed the EU trade chief Karel De Gucht’s proposal to impose provisional anti-dumping (AD) duties of an average 47% on Chinese photovoltaic imports as of June 6, an anonymous source close to the EC...
Court orders official insolvency proceeding for Sunways
Due to a third-party application, insolvency proceedings for Sunways are now officially open. The 100% wholly-owned subsidiary in Arnstadt, Germany is also affected.
SolarWorld to meet creditors, discuss restructuring
Troubled solar panel maker SolarWorld will host creditors next month at two separate meetings with the goal of appointing creditor representatives and outlining its efforts to restructure.
Centrosolar sells subsidiary to Belgian solar glass manufacturer
Centrosolar Group AG announced yesterday that it has sold its subsidiary Centrosolar Glas GmbH to Belgian solar glass manufacturer Ducatt NV for a symbolic price, as part of its restructuring program, according to a company...
Phoenix Solar posts Q1 net loss of €5.8 million as its shifts focus to Asia, US
German PV group Phoenix Solar saw its net loss grow from €1.2 million to €5.8 million in the first quarter of the year as revenue declined 19.4% to €30.6 million from January to March.
Australian module suppliers accused of making false claims
Australia’s Competition and Consumer Commission (ACCC) is prosecuting companies trading under the names Euro Solar and Australian Solar Panel. The firms are accused of claiming that their solar modules were Australian-made, when...
Saudi Arabia: SASIA's feedback on the K.A.CARE proposal
The Saudi Arabia Solar Industry Association (SASIA) has responded to K.A.CARE's white paper for its renewable energy competitive procurement program (CPP). SASIA believes that some portions of the paper require more clarity and...
Germany: Slump in PV equipment sales
German PV equipment, machinery and component manufacturers had to make do with a decline of 50% in turnover in 2012 compared to the previous year. The German Engineering Foundation, VDMA, reported this downturn.
Jordan: PV installations expected to reach 300 MW by 2017
ClearSky Advisors forecasts that cumulative photovoltaic capacity in Jordan will reach 300 MW by the end of 2017.
US: Citizens Energy Corporation inaugurates 2 PV plants
U.S.-based Citizens Energy Corporation has inaugurated two PV plants totaling 3.6 MW in Agawam, Massachusetts.
Chile receives US$50 million funding for PV projects
Chile's Ministry of Energy has received US$50 million of international funding for photovoltaic projects. The government hopes it will help boost the number of grid-connected installations in the South American country.
First Solar records profitable Q1 results
The sun was shining for First Solar during the first quarter of this year. Yesterday it announced their financial results for Q1 2013. The Arizona-based firm has posted a net income of US$ 59.1 million, compared to a loss of US$...
Massachusetts surpasses 250 MW goal, aspires to reach 1.6 GW
Massachusetts governor has announced that his state has surpassed its goal to install a total of 250 MW of photovoltaics by 2017 four years early. It now aims to reach 1.6 GW by 2020. This growth rate is said to be one of the...
Buffett denies Suntech purchase rumors
Veteran American investor Warren Buffett has never had an interest in buying Suntech, according to an interview the 'Sage of Omaha' gave to China Business News, and which was carried by news agency Bloomberg. On Friday, the...
High efficiency cells from lower grade silicon
University of New South Wales (UNSW) researchers have released results indicating that lower-quality silicon can be used to produce high efficiency solar cells. The development is based on controlling the charge state of hydrogen...
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