North American PV market at crossroads
According to new research, the 2011 North American photovoltaic market is projected to grow 101 percent on 2010, with demand likely to reach 2.2 gigawatts (GW) by year end. However, due to factors such as declining incentives and module oversupply, the market is at a “crossroads”. Meanwhile, the coming year will present many challenges.
Germany: Millionth PV system grid connected
The one millionth photovoltaic system has been connected to Germanys grid, according to the countrys solar industry association, BSW-Solar.
Construction on 550 MW Topaz Solar Farm underway
First Solar has begun construction on its 550 megawatt (MW) Topaz Solar Farm, in San Luis Obispo County, California.
Panasonic plans 300 MW Malaysian solar factory
Global electronics giant, Panasonic Corporation has unveiled plans to open a 300 megawatt (MW) vertically-integrated solar manufacturing facility in Malaysia.
European Commission supports Desertec-Medgrid MOU
The signature of a Memorandum of Understanding (MOU) between the Desertec Industry Initiative (Dii) and Medgrid, under which the development of renewable energies will be promoted in the EU and countries in the Southern Mediterranean, has been welcomed.
Serbia plans 1 GW, 2 billion solar park
The Republic of Serbia and Securum Equity Partners have signed a framework agreement, under which they intend to realize a one gigawatt (GW) solar park in Serbia.
Activ Solar adds further 20 MW to Perovo solar project
Activ Solar has completed another 20 megawatt (MW) phase of its second Ukrainian solar park, just two and a half weeks after its last 20 MW announcement.
NRG acquires Solar Power Partners
NRG Energy has acquired Solar Power Partners for an undisclosed sum, thus adding 30 megawatts (MW) worth of distributed solar projects to its roughly two gigawatt (GW) portfolio.
Diversification and integration keys to surviving solar shakeout
In a new solar study, Bank Sarasin has named the five companies most likely to survive the current market shakeout, and identified those which are set to fail. International diversification and vertical integration are the watchwords for success. Meanwhile, India has been identified as a leading solar market going forward.
China: GCL-Poly and CGN to work on one GW solar project
GCL-Poly Limited and CGN Solar Energy Development Co. Ltd. have entered into a cooperative framework agreement under which a one gigawatt (GW) solar project is expected to be realized.
