Since May of this year Saudi Arabian plans to install 41 GW of solar capacity by 2032 have been known. Details are beginning to emerge as to how these plans will be built out.
Germany-based CIC Group has announced that it will work on photovoltaic projects for LDK Solar. It will also act as a distributor for the Chinese manufacturer.
The first 125 to 160 MW phase of the 500 MW Ouarzazate solar project has secured 345 million in funding from Europe. It is expected to be operational by 2015. Meanwhile, sources report that a US$1 billion PPA has been secured for the project.
The insolvent Solar Millennium AG has officially transferred its 26% stake in the 50 MW Arenales Spanish solar project to Germanys STEAG 1 Beteiligungsgesellschaft GmbH.
Germanys Environment Minister expects new photovoltaic capacity additions to halve in 2013. These expectations would fall in line with the governments annual expansion plans.
Australian developer Solmessis claims its proposed flagship project, located in the northern state of Queensland, will be all but commercially viable even without government financial incentives or subsidies.
Chiles environmental evaluation commission, SEA has approved an environmental impact statement (EIS) for the 30.24 MW thin film La Tirana Solar photovoltaic plant. Meanwhile, SunEdison Chile has initiated environmental licensing for its 93.65 MW Llano de Llampos photovoltaic plant.
Last September, GE Energy invested US$3.2 billion in acquiring Converteam. In an interview with pv magazine, Stefan Franko, business leader for renewables at GEs Power Conversion business, talks about photovoltaic inverter technology, global markets and what the GE acquisition has brought to the Converteam table.
Trina Solar Limited continued to suffer losses in Q3 2012 on the back of a poor Q2. For the full year, the manufacturer has revised its photovoltaic module shipment guidance downwards. It declined to offer further speculation.
A U.K. solar trade body has renewed its calls for the government to rein in its planned reductions in support for photovoltaics. A decision is expected on the latest renewables obligation banding within days.
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