US investor Kawa to save 350 jobs at Conergy
U.S.-based financial investor Kawa Capital Management will be taking over Conergy sales and service units in Germany, Italy, the U.K. and Australia. This acquisition is expected to secure 350 jobs.
New solar cell structure sets record
A new world record efficiency for solar sunlight conversion has been set by a cell structure with four solar sub-cells. The solar cell has managed to hit a new record efficiency of 44.7% and is the brainchild of researchers from the Fraunhofer Institute for Solar Energy Systems ISE, Soitec, CEA-Leti and the Helmholtz Center Berlin.
REC Silicon now approved
REC shareholders have approved the division of the company, allowing the sale of the solar division to REC Solar ASA. They also agreed to change the name of the remaining division to REC Silicon ASA.
Singulus to deliver PV equipment to China
PV equipment manufacturer Singulus Technologies and Chinese cell producer M-Cells have signed a framework contract for the delivery of 16 Passivated Emitter Rear Cell (PERC) solar cells production units.
Financing closed for 100 MW project in Chile
Photovoltaic developer SunEdison has closed a $212.5 million deal for a 100 MW solar project in the Atacama Desert in Chile. The plant is expected to be completed in the first quarter of 2014.
JinkoSolar to supply projects in Australia and South Africa
Chinese solar manufacturer JinkoSolar will be supplying 274 MWp of photovoltaic modules to solar projects in South Africa and Australia.
India: Propects looking bleak for cell manufacturers
Indian crystalline silicon PV cell manufacturers saw their manufacturing capacity fall to a five-year low this year. Majority of the production tools are now idle.
SunEdison projects in California get funding boost
Solar project developer SunEdison will get a US$67.3 million investment boost to fund its utility-scale photovoltaic projects in California. The investors are a consortium made up of New Energy Capital Partners, North Sky Capital, and EverStream Energy Capital Management.
Juwi starts development in Romania
Photovoltaic project developer juwi has started work on two solar parks totalling 12 MWp in Romania. The company has an EPC contract with Chinese investor HiSun PV and their partner Abacus Renewables for these projects. Both parks are expected to go online in November this year.
Rapid expansion of renewables can pay off
A recent study by green electricity provider Greenpeace Energy has found that rapid expansion of renewable energy can lead to strong cost savings by 2030 in the billions range. The authors argue that consequential costs of coal and nuclear power are consistently hidden in politics.
