Solar M&A activity in the U.S. has tailed off this year compared to 2011, according to the latest figures. Despite this, photovoltaic project installers have reportedly emerged as a favorable investment area. Furthermore, energy storage M&A activity is said to have enjoyed strong growth.
Satcon Technology Corporation, A123 Systems, Renewable Energy Services, and the Sacramento Municipal Utility District (SMUD) have been awarded US$2 million by the California Energy Commission to work on the development of storage technologies that will help reduce renewable energy power intermittency.
Parabel AG has begun work on its next large-scale photovoltaic project in Germany. In addition to installing 50 MW by this September, the company is aiming to add a further 80 MW over the next two years.
8minutenergy Renewables has signed a Generation Interconnection Agreement (GIA) with the California Independent Systems Operator Corporation (ISO) and San Diego Gas & Electric (SDG&E). Under the agreement, a 200 MW photovoltaic project will be installed in Imperial Valley.
Adding yet more capacity to its Ukrainian photovoltaic portfolio, Activ Solar has completed the second and final phase of its 42.95 MW plant in the Odessa region.
After several years of hustling and hyperbole in the photovoltaics industry, the first half of 2012 has been a time of oversupply and underachievement globally. pv magazine takes a look at the biggest developments of the year to date. Overhang, crystalline, storage and fracking are just some of the watchwords.
Korea-based photovoltaic module manufacturer, Hanwha SolarOne Co. Ltd has announced a new partnership with U.S. storage system company, Silent Power.
MEMC Electronic Materials subsidiary, SunEdison has sold around 98 MWp worth of photovoltaic plants in Europe in the second quarter of 2012.
On Friday, July 6, Italys ministers signed the new Conto Energia (renewable energy act). It is believed that only an extra 700 million will be made available for photovoltaics. Final security will not be available until the law has been published, however.
Independent power producer, Sonnedix has acquired a 24 MW stake in the 115 MW Toul-Rosieres solar park, located in north eastern France. The financial details were not disclosed.
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