More mergers and acquisitions to come
A new report from Navigant Research sees increasing market competition fueling vertical integration as well as mergers and acquisition. The annual revenue from global PV installations is forecast to surpass $151 billion in 2024.
India solar capacity forecast for 2020 raised by 240%
A newly released Deutsche Bank markets research report has adjusted its solar power forecast prognosis for India to 34 GW by 2020, an increase of about 240% from its previous estimation of 14 GW. India has a pivotal part to play with its 2020 commitment to solar energy increasing five-folds to 100 GW.
Suncore acquires Israeli company ZenithSolar
Suncore Photovoltaic Technology Company Limited, a Chinese-US joint venture that specialises in CPV has acquired Israel-based ZenithSolar, which filed for bankruptcy in June.
Pakistan: 100 MW of PV projects planned for Bahawalpur
The eastern Punjab city of Bahawalpur is seeing a growth in plans for PV. Quaid-e-Azam Solar Power Company now intends to develop 100 MWp of ground-mounted solar PV projects in Bahawalpur, Punjab.
Petition filed to force Suntech into bankruptcy in the US
A petition has been filed by bondholders on Monday to force module manufacturer Suntech into involuntary bankruptcy in the U.S. The bondholders who hold about US$580,000 in bonds in the financially-troubled company are seeking to place Suntech under the Chapter 7 bankruptcy code.
Positive first year for Hanwha Q Cells
Module manufacturer Hanwha Q Cells has completed its first year of operations with ramped up production capacities and reduced production costs. The company is now aiming for positive full-year figures for 2014.
Pakistan: Punjab signs 100 MW MoU
The Pakistani state of Punjab has signed a memorandum of understanding (MoU) with British company Pan Africa under which a 100 MW solar power project will be developed in Bahawalpur in eastern Punjab.
Fraunhofer ISE: Minimal deviation in module quality measurements globally
The Fraunhofer ISE CalLab PV Modules has compared the results of their PV modules measurements with three other top international measurement labs for PV modules. The round robin tests show that all measurements have a minimal deviation of ±1% from the mean, and thereby fall well within the measurement precision of 1.8%.
Singapore: Housing Development Board calls largest solar-leasing tender
The Housing Development Board (HDB) of Singapore is currently drawing up plans for the largest single solar-leasing project to date. The tender calls for 5MW in total in four precints on the main island.
Conergy negotiates with potential investors
German solar solutions provider Conergy is currently in negotiations with seven potential investors from Asia and Europe for the takeover of its Conergy SolarModule facility in the eastern German state of Brandenburg. Employees at the plant were updated on these talks yesterday evening.
