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Germany: Monthly FIT degression remains at 1.8%

Germany added some 300 MW of new photovoltaic capacity in June, according to the German Federal Network Agency. Hence, monthly FIT reductions of 1.8% will apply for the months of August, September and October.

First Solar, AGL team up down under on 155 MW utility-scale projects

Australia’s AGL has tapped Arizona-based thin film photovoltaic module manufacturer First Solar to oversee two major projects in New South Wales budgeted at $450 million.

Electric vehicle battery costs falling

Power systems will fall to $10,000 by 2015 against backdrop of rising EV sales in the U.S., says the Department of Energy.

Sainsbury’s installs 22 MW of rooftop systems across UK

The U.K. supermarket and retail giant has installed more than 200 rooftop PV systems on its stores across the country as part of an ambitious goal to reduce carbon emissions by 30% in the next seven years.

Outside EU, solar stocks still on a hot streak

Solar stocks have been riding high and the recent deal between the EU and China has further bolstered a recovering sector, but analysts warn that a bull market, spurred by speculation, can be a fragile thing.

Inverter market to shrink to $6.7 billion

The global inverter market will shrink 5% in 2013 as price pressures counter rising shipping volumes, but there will be a strong rebound next year, according to IMS Research.

Spain's Solarpack closes financing deal for Chilean projects

Solarpack has obtained funding for its large-scale PV projects in Chile from international finanical institutions IDB, the Canadian Climate Fund and Proparco.

EC, China reach agreement on module imports

Further details regarding the trade deal between the EC and China are expected to be announced on Monday. The EC and China reportedly agreed on 56 euro cents per watt.

Both camps express disapproval with EU-China deal

The anti-tariff AFASE lobby group is calling on EU member states to reject the deal while EU ProSun is reportedly drawing up court papers. Commissioner De Gucht has yet to confirm details of the agreement.

AFASE: minimum price should have regression built in

The anti-tariff lobby group AFASE says the reported minimum purchase price for Chinese solar modules is too high — at 20% or more above previous prices — and does not have regression built in to match FIT rates.

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