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Q3 2011: Venture capital funding steady, mergers and acquisitions robust

In the latest report from clean energy consultants Mercom Capital Group, it has been revealed that solar continues to attract venture capital funding, while merger and acquisitions activity heats up.

Puerto Rico: Big savings from first PV power plant

The Governor of Puerto Rico held a press conference late last week to claim that electricity costs for consumers could drop as much as 40 percent when the first photovoltaic power plant is completed in the U.S. territory.

JinkoSolar completes phase one safety upgrade

Chinese photovoltaic manufacturer JinkoSolar announced today that it has completed the first phase of its environmental safety upgrade to its Haining City facility.

Australia: almost 50 percent of PV jobs lost

A new industry survey of the photovoltaic industry in the sunny state of Western Australia has shown that rapid growth has stalled, after the state government’s feed-in tariff scheme was wound up earlier this year.

US universities adopt solar

For the first time a database of photovoltaic installations at U.S. universities and higher education institutions has revealed that the cumulative installed capacity has increased by 450 percent in three years.

Solar landfill cap project completed

A one-megawatt (MW) photovoltaic project has been dedicated at the Hickory Ridge landfill site near the U.S. city of Atlanta. While small compared to many photovoltaic power plants, Republic Services, Inc. still claims it is one of the state of Georgia’s largest.

Solar Millennium to sell 2.25 GW US pipeline

German solar power plant company, Solar Millennium AG is set to sell its pipeline worth 2.25 gigawatts (GW) to turnkey developer solarhybrid. The conditional agreement of the sale was announced today.

Satcon inverters selected for 40 MW Canadian plant

Worldwide utility-scale inverter company Satcon, which has its headquarters in Boston, U.S., has been selected by Q-Cells to provide inverters worth 40 megawatts (MW). The inverters are for the Starwood project in Ontario, California.

NRG Energy to purchase 250 MW California Valley Solar Ranch

On the final closing of a Department of Energy (DOE) loan guarantee for the project, SunPower will sell to NRG Energy the California Solar Ranch. Construction on the project began last month and is expected to be completed in two years.

SEMI reports weak PV equipment demand

In another sign of trying times for photovoltaics, manufacturing industry association SEMI has reported that the book-to-bill ratio for equipment manufacturers has fallen below parity. This indicates that supply is exceeding demand.

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