Internet giant Google have made $680 million in investments in renewable energy in the past months. It now moves into residential solar installations with a $280 million fund allowing homeowners to overcome the hurdle of up-front costs. The investment was announced earlier this week.
At its annual general meeting (AGM), Sunways CEO Michael Wilhelm blamed the German Federal Government for photovoltaic market volatility, labeling its handling of the changes to energy policy as “botched” and arguing that, “a lot of consumer goodwill was thoughtlessly gambled away by reducing subsidies for private consumption.”
This year is not looking bright for the solar industry, according to Conergy. Following poor performance in the first two quarters of this year, the German manufacturer has retracted its sales forecasts.
Construction on Kenyas first net metered photovoltaic plant has been completed. Described as the third biggest system of its kind in East Africa, the project was the result of a German-Kenyan collaboration.
Germanys Federal Environment Ministry has confirmed that the installed photovoltaic capacity between March and May of this year amounts to around 700 megawatts. Nevertheless, the economic wing still wants to cap the market.
A new report reflecting the U.S. solar industrys 2011 first quarter predicts that both “exciting” and “volatile” times lie ahead. The country has, to date, over 2.3 gigawatts (GW) of installed photovoltaic capacity. This is expected to double by the end of the year.
A government and industry roundtable on issues facing the Australian solar industry has been scheduled for July 8 in the capital city Canberra.
Following the announcement that LDK Solar is looking to strengthen its presence in the German photovoltaic market, it has been rumored that the Chinese company may partner up with Sunways AG.
Germanys photovoltaic industry suffered a clear break down in the first half of the year. However, Reuters has reported that significantly less than one gigawatt (GW) of new capacity was installed between March and May, meaning there should be no tariff cuts on July 1.
In what will amount to a large privately owned photovoltaic installation, McGraw-Hill will install a ground-mounted solar array on 50 acres of land adjacent to the corporations two office buildings in East Windsor, New Jersey.
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