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International agreement intended to kick off Desertec

According to media reports, five countries are looking to push ahead with the Desertec initiative. This month, a letter of intent is expected to be signed. Meanwhile, RWE is said to be planning to build a solar and wind farm in Morocco.

Germany: PV FITs to fall 2.5% following nearly 1 GW of new installs

Newly installed photovoltaics in Germany amounted to nearly one GW in September, and 1.85 GW between July and September. Consequently, it is now clear that the feed-in tariffs (FITs) will be reduced by 2.5% a month for the next three months.

Sovello lays off more workers amid dwindling hopes of a rescue

Despite the ongoing search for an investor, Sovello GmbH can no longer continue to operate. As such, the team has been reduced from 170 to just 50 employees.

Germany sets significantly higher 2013 EEG levy

Germany’s transmission system operators have today, October 15, announced the EEG (renewable energy law) levy for 2013.

SunStrom saved by management

SunStrom GmbH has been saved after former management purchased the company. All remaining jobs are expected to be maintained.

Centrotherm submits reorganization plan on time

Centrotherm photovoltaics AG has today submitted its reorganization and future concept plan, on time, to the Ulm District Court.

Hanwha given green light for Q.Cells takeover

The European Commission has officially approved Hanwha Group’s acquisition of Germany-based Q.Cells SE.

Germany: 145MW solar park completed

It is one of the biggest photovoltaic projects in Germany. The 145 MW solar park in Neuhardenberg has been completed in record time and before the transitional period expiry date to attain subsidies.

First Solar: Three transfer companies for employees planned

First Solar will stop its operations in Frankfurt Oder by the end of 2012. According to a media report, it is not going to be easy to find alternative jobs for its employees by the end of the year.

Bosch responds to solar exit rumours

Bosch has sent mixed signals today about coverage that it may be about to withdraw from the solar industry. The company has distanced itself from the headlines, but equally has not denied them.

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