Italian investment gives Suntech a $60 million headache
Chinese photovoltaic module giant Suntech has dropped something of a bombshell in its preliminary Q3 figures, out last Friday, with the revelation that its Italian troubles will force it to reissue its consolidated financial statements for 2010 and 2011.
Lawyers to challenge backdated tax on solar in Greece
A group of international renewable energy investors are questioning the legality of the imposition of retroactive taxes on renewable electricity generation plants in Greece with a view to lodging a formal complaint with the EU.
Andhra Pradesh invites bids for 1 GW of solar installations
The lowest common denominator nature of the Indian method of calculating solar tariffs will see domestic developers win the contracts to develop photovoltaic plants in the latest state to announce details of its auctions Andhra Pradesh, according to consultancy Bridge to India.
$28 million more SunShot funding announced
The U.S. Department of Energy’s SunShot initiative has announced a $21 million funding package to promote the development of off-the-shelf household solar systems.
Go ahead for Philippine solar projects
LG CNS of South Korea has reportedly signed a deal to build a US$180 million photovoltaic plant at Cavite near Manila on the main Island of Luzon. The company will provide the bulk of financing for the plant, which would begin construction within a year and be completed by 2014, according to a report in the Manila Bulletin.
1.11 MW Nevada PV system unveiled
Nevada’s largest private school Faith Lutheran Middle School & High School is now home to a 1.11 MW PV array. More than 4,000 PV panels were delivered by SolarWorld.
First Solar installs 4.1 MW rooftop system
First Solar is practicing what it preaches as it prepares to go live with what it claims is Arizona’s largest rooftop photovoltaic installation at its own Mesa facility.
India: Tamil Nadu opens tenders
The Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) released tender documents this week. While a 1 MW minimum capacity has been set for projects, no upper limit has been identified.
Prices will continue to fall for the next three months IHS iSuppli
Global photovoltaic market analysts IHS iSuppli have been predicting for some time that the emerging markets categorized as ‘rest of the world’ in its figures will lead the anticipated upsurge in demand to drive the solar industry from 2013 onwards.
JinkoSolar signs US$1 billion agreement with China Development Bank
JinkoSolar’s Swiss subsidiary JinkoSolar AG has entered into a strategic cooperation agreement with the Guangdong Branch of China Development Bank (CDB).
