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pv magazine's weekly news round-up

Ulrich Speisshofer, CEO of ABB.

Here we are again, everything you could possibly need to know about this week in solar shoe-horned into one handy email. Those of you old enough can think of it as a sun-drenched That Was The Week That Was.

UK solar companies seek £50 million in compensation

UK Photovoltaic FIT cut banner

A number of U.K. solar companies are seeking compensation from the government over its proposed photovoltaic feed-in tariff cuts, unveiled last October. A formal "Letter Before Claim" has been sent to the Department of Energy and...

Intersolar postpones second China tradeshow

Intersolar China 2011

The second Intersolar China tradeshow has been postponed, following the current difficult market conditions. The event is expected to resume in 2013, alongside its new partner, The China Renewable Energy Industry Association...

Oerlikon receives green light to sell its solar business

Oerlikon solar photovoltaic thin film equipment

Switzerland’s Oerlikon Group has received approval from the Chinese government to sell its solar business to Japan-based Tokyo Electron Ltd for an undisclosed sum.

US: First Solar provides Mesa manufacturing update

First Solar Global Power Plant Operations Center Mesa Arizona

First Solar has leased a portion of its Mesa manufacturing facility in Arizona out. Originally, the thin film photovoltaic company was scheduled to start manufacturing modules at the new facility in Q3 2012. There are currently...

APVIA 2012: Singapore leads path to grid parity

Four men with their hands on a metal thing.

As the PV Asia Pacific expo and conference continues today in Singapore, attendees have heard how high electricity prices and the falling cost of photovoltaics have resulted in the city-state arriving at retail grid parity for...

PV book-to-bill ratio in the red

Solar photovoltaic equipment

Signs are emerging that photovoltaics is finally taking the right course to overcapacity recovery. For the first time since the mid-2000s, says NPD Solarbuzz, the industry’s book-to-bill ratio is negative, thus indicating the...

Conergy loses half its share capital

Conergy branding

Conergy AG has announced it will hold an extraordinary general meeting, having lost half of its share capital. The management board is not said to be planning new capital measures, however.

LDK and Heng Rui Xin Energy enter into share purchase agreement

LDK Solar branding

China’s LDK Solar and Heng Rui Xin Energy Co. have entered into a share purchase agreement, under which Heng Rui Xin Energy will acquire 19.9% of LDK’s share capital.

Belectric takes Konarka GmbH over

Konarka solar photovoltaics organic

Germany-based Belectric has taken the insolvent Konarka GmbH over. The announcement marks the company’s entrance into the organic photovoltaic market.

Siemens exits solar business

Siemens solar photovoltaic park

Siemens AG has announced it will no longer be active in the solar industry, and will instead focus on wind and hydro power in the field of renewables.

India: Tamil Nadu unveils ambitious solar policy

Tamil Nadu India

Tamil Nadu is the next Indian state to introduce a specific solar policy. With the aim of installing three GW by 2015, it is ambitious in its scope. It is also the first policy in India to introduce net metering guidelines.

£20 million incentive for UK energy storage solutions

Storage battery

The U.K. government has made £20 million available to encourage innovation in energy storage systems.

Isofotón denies Spanish factory closure

Isofotón HQ Malaga Spain

Spanish media reported yesterday, October 18, that Isofotón would close its photovoltaic manufacturing facility in Malaga for two months. The company has denied this.

Investment interest in Romanian PV market increases

500 kW solar photovoltaic installation Romania

The maturing photovoltaic markets in Germany, Spain, France and Italy, and recent feed-in tariff cuts in a number of key markets have prompted solar investors to look for new opportunities in South-East European (SEE) nations....

SMA announces job cuts of over 1,000

SMA solar photovoltaic inverter

On the back of "deep" subsidy cuts in Europe, SMA Solar Technology AG has announced it will reduce its workforce by 450 and terminate 600 temporary workers. Overall, it predicts a "significant" drop in sales due to a "steep"...

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