Global solar market to reach $75.2 billion by 2016
New solar technology like concentrated solar power (CSP) and the opening of new markets are tipped to become a strong growth engine for solar moving forward, according to a new report looking at how the industry will develop before 2016.
Solyndra third solar company to file for Chapter 11 relief
Solyndra LLC has announced its intention to file for relief under Chapter 11 of the U.S. Bankruptcy Code following the immediate suspension of its manufacturing operations and lay off of around 1,100 employees.
Australia: Victoria FIT cut announced
Australias Victorian State Government today announced a new ‘transitional feed-in tariff’ (TFiT) for rooftop solar panels, joining most of the other Australian states in drastically reducing the amount paid to customers.
Australias first utility-scale PV project given the go ahead
Work on a ten megawatt (MW) photovoltaic project in Western Australia is underway. When complete, it is set to be the first utility-scale project of its kind in the country.
More than half worlds power to come from solar in 50 years
The International Energy Agency (IEA) has been reported by Bloomberg as saying that the majority of the worlds power will be produced by solar by 2060. Whats more, photovoltaic and solar-thermal plants may meet half of all energy needs by this date.
Huge Project Helios plant planned for Greece
The International Herald Tribune (IHT) in Greece has reported that a “mammoth” 10 gigawatt (GW) solar plant is being planned for Greece. The project would be driven by investment from Germany.
LDK Solar posts Q2 loss but "expects growth" in 2011
Vertically integrated photovoltaic manufacturer LDK Solar has announced its second quarter (Q2) financial results that included a USD $47.9 million operating loss, representing -9.6 percent operating margin. However, with recently improving order patterns and stabilizing prices the company expects a resumption of growth in the second half of 2011.
Etrion's Italian PV portfolio hits 60 MW
Etrion Corporation has completed its 10 megawatt (MW) Helios ITA-3 solar project in Puglia, Italy, thus bringing the company’s photovoltaic portfolio in the country to 60 MW.
Former Conergy chairman hits back; production closure status updated
On Thursday, Conergys supervisory board filed suit against four former board members. Now the former chairman is defending himself against the allegations. In other news, there are reports that Conergy only plans to manufacture solar modules in Frankfurt/Oder.
Conergy sues 4 former board members
The dust apparently refuses to settle at the Hamburg-based photovoltaic company. Conergy has now decided to sue four of its former members of the board for violations as established under the German Stock Corporation Law.
