Syncronys International will install 400 solar-powered well pumps in Pakistan. The company received the US$4.5 million order from an unnamed party.
SDL Solar and SPI Solar are to install 100 megawatts (MW) worth of photovoltaic projects in Greece. SPI, with SDLs help has signed a memorandum of understanding (MOU) with two Greek venture capital funds, for 30 MW.
Solar is a small, but strong part of LGs business states Yun Ju Hwan of LG Electronics, during a visit to the companys cell and module factory in South Korea. While capacity ramp ups are on hold, the group is planning to launch a solar storage solution and thin film panels in 2013, and manufacture its own polysilicon.
Solar is the fastest growing electricity source for U.S. utilities, says the Solar Electric Power Association (SEPA). While positive, the trend raises questions as to how the countrys distribution grid will manage this growth. Pacific Gas & Electric (PG&E), meanwhile, was identified as the most “solar-active” utility.
Reports of the imminent demise of the solar industry have been highly exaggerated, according to research released this week by New York City-based McKinsey & Company, Inc. While it states that the “rules of the game are changing” and that there will be “significant challenges”, it firmly believes there are still substantial rewards to be reaped.
Bosch has officially acquired Conergys photovoltaic inverter subsidiary, voltwerk electronics GmbH, following approval from the German anti-trust authorities. The purchase price was not disclosed.
A new joint venture, Georgia PV Project, is targeting over 1.5 gigawatts (GW) worth of photovoltaic installations across the world. It will also set up a module production facility in Georgia.
Gehrlicher Solar AG has begun construction work on its 35 megawatt (MW) Perleberg Airport photovoltaic park project in Brandenburg, Germany.
At the inauguration of the Charanka solar park in India, photovoltaic projects worth 604.89 megawatts (MW) were handed commissioning certificates by Gujarats Chief Minister, Narendra Modi. In related news, 50 MW of photovoltaic projects have been approved under the Karnataka state solar policy.
Brazils board of the National Agency of Electrical Energy (ANEEL) has approved two new pieces of solar legislation aimed at improving the countrys domestic industry.
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