Survive the solar shakeout and reap substantial rewards
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 acquires Conergy inverter subsidiary
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.
Georgia PV project targets 1.5 GW of PV projects
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.
Germany: Gehrlicher begins construction on 35 MW PV park
Gehrlicher Solar AG has begun construction work on its 35 megawatt (MW) Perleberg Airport photovoltaic park project in Brandenburg, Germany.
Updated: SDL and SPI to work on 100 MW of Greek PV projects
SDL Solar and SPI Solar announced yesterday that they will install 23 megawatts (MW) of photovoltaics across Greece, having signed a memorandum of understanding (MOU) with two Greek venture capital funds. pv magazine has now learned that the goal is to install up to 100 MW.
Preliminary insolvency proceedings open for Odersun
Having filed for insolvency and self-administration at the end of March, Odersun AG has been unable to find an investor. Consequently, a local court in Germany has ordered the opening of preliminary insolvency proceedings.
Operations begin on 25 MW PV plant in India
SunEdison has completed a 25 megawatt (MW) photovoltaic plant in Gujarat, India. It is scheduled to be inaugurated tomorrow, April 19. In related news, Waaree Energies Pvt. Ltd has grid-connected a five MW plant in Rajasthan.
Ethiopia to get its first PV assembly plant
Ethiopia is to have its first ever photovoltaic module assembly plant after two global solar firms struck a deal with a local company to set the facility up.
Bechtel to build 110 MW PV project in California
Bechtel has been awarded an EPC contract to undertake the 110 megawatt (MW) Catalina Solar Photovoltaic Generating Project by enXco. The company will also build the necessary transmission line.
Polysilicon prices forecast to fall further
IHS iSuppli predicts that polysilicon prices will fall to US$22 per kilogram by the end of the year, due to the continuing production surplus. The company adds that prices vary, depending on both contract type and purity level. These changes, it says, will change the way polysilicon is bought and sold in the future.
