India accuses US of "ruining" domestic PV industry
Indias Centre for Science and Technology (CSE) has launched a scathing attack on U.S. photovoltaic manufacturers, claiming they are “ruining” Indias domestic photovoltaic manufacturing industry by taking advantage of the US$30 billion Fast Start Finance Fund.
Juwi exits German PV rooftop business
Germany-based juwi has said it will not build any more photovoltaic rooftop systems in Germany. The decision will affect around 60 to 80 employees, who, it is hoped, can be incorporated in other areas of the project designer’s business.
Approvals for Greek PV systems stopped, drastic cuts introduced
The Greek government has said it is seeking to restore liquidity to the electricity market through the introduction of new measures. A part of this change will see photovoltaic funding drastically cut and approvals for PV systems stopped.
Interview: Centrotherm discusses reorganization proceedings and future strategies
pv magazine caught up with Tobias Hoefer, the expert for reorganization on the board of Centrotherm AG and responsible for insolvency protection proceedings, and with CTO, Peter Fath to discover the current state of affairs, following the companys chapter 11 insolvency protection filing in July.
Hanwha wants to keep Q.Cells' German production
According to media reports, Hanwha is interested in keeping Q.Cells photovoltaic production in Germany. However, it is still unclear whether a final offer has been made.
Isofotón signs PPA for 50 MW PV plant in Dominican Republic
Following the signing of a PPA between Spain-based Isofotón and the Dominican Republic government, work can finally proceed on the company’s 50 MW photovoltaic plant.
Suntechs Shi steps down
In a surprise announcement, Suntech Power Holdings Co. Ltd has said founder Zhengrong Shi one of the most prominent solar industry figures has stepped down from his CEO position. The company will now be led by David King.
Conergys financial improvements continue
Following a relatively successful first quarter (Q1) of 2012, Conergy AG is continuing on its positive earnings trajectory, despite the still-difficult solar market conditions. In addition to marked financial improvements across the board, the German company has recorded a positive EBITDA for the first time since 2010.
Hanwhas proposed takeover of Q.Cells welcomed
An official confirmation that Hanwha has already submitted its Q.Cells SE takeover offer is still to be made. Nevertheless, the announcement has been welcomed.
SolarWorlds financials take a battering
Germany-based SolarWorld AG has seen its 2012 financials suffer significantly, both sequentially and annually. CEO and chairman, Frank Asbeck, who will forego any salary or dividend until profitability returns, could be waiting a while, following predictions of a negative 2012 EBIT and lower revenues than in 2011.
