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Abound Solar drops 180 employees as it changes PV lines

U.S.-based Abound Solar has temporarily cut 180 permanent jobs as it cancels the manufacture of its first-generation photovoltaic modules. The decision took immediate effect.

Germany’s cabinet approves FIT plan

A week after the country’s new feed-in tariff (FITs) scheme was unveiled, Germany’s Cabinet has today approved the proposal, meaning it will now be sent to the Parliament for consideration.

France: EdF takes Photowatt over

Following on from the announcement at the start of February that French electricity giant, Electricité de France (EdF) was looking to acquire Photowatt, media have reported that an offer has now been accepted.

Q-Cells' creditors agree to defer bond payments

Germany-based Q-Cells has been able to defer its convertible bonds – originally due today – until the end of April. The photovoltaic company adds that it will carry on with its financial restructuring plan.

Employees let go as Solar Millennium insolvency proceedings begin

Insolvency proceedings for Solar Millennium AG were officially initiated yesterday, February 27. While the insolvency administrator is confident investors can still be found, the remaining employees have received notice of termination.

LG Solar also denies scaling back solar operations

Following media reports that some of Korea’s biggest solar players are looking to exit the arena, LG Solar has stepped forward to set the record straight.

Singulus plans to finance larger solar projects

Over the weekend, German company Singulus Technologies announced that it will issue a corporate bond with a volume of up to €60 million. The proceeds of the bond issue will finance larger solar projects.

4 of top 5 PV module manufacturers are China-based

According to IMS Research’s latest quarterly report, four of the top five photovoltaic module manufacturers are based in China, thus underlining the country’s increasing dominance on the global solar scene.

SMA opens Japanese sales subsidiary

SMA Solar Technology AG has officially opened its new photovoltaic sales and service subsidiary in Japan’s Tokyo. While the small system market will be focused on initially, the German manufacturer will offer inverters to larger projects in the future.

Greece: More details emerge for 10 GW Project Helios

During a conference held in Brussels last week, George Papaconstantinou, Minister of Environment, Energy and Climate Change of the Hellenic Republic, unveiled Greece’s plans for the massive 10 gigawatt (GW) photovoltaic project.


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