Microsol will take Solon over
According to Germanys Tagesspiegel, it looks like Solon has been saved by Indian-Arabic company, Microsol. The news has still to be officially confirmed, however, it is expected that a formal statement will be made on Friday, March 2.
First Solar delivers Q4 and FY 2011 financial declines
Photovoltaic thin film manufacturer, First Solar recorded financial declines across the board. And while full year (FY) 2011 revenues were slightly up, EBIT and operating expenses spiraled downwards. For 2012, the company has further reduced its guidance.
Spain: 4.3 MW greenhouse PV project completed
The 4.3 megawatt (MW) photovoltaic project was commissioned last week by Switzerland-based Innotech Solar, Jendra Power and Energie Wasser Bern. Located in the Andalusian municipalities of Atarfe and Moclin, the systems are spread across several greenhouses.
Yingli announces stronger commitment to Europe and China; capacity ramp up
In posting its fourth quarter (Q4) and full year (FY) 2011 results detrimentally affected by the weak solar market conditions Yingli Green Energy has vowed to strengthen its presence in both the European and Chinese photovoltaic markets. The company will also add extra manufacturing capacity this year.
Ukrainian PV industry ramping up
The Ukrainian photovoltaics industry is on the verge of big change, as more and more investors announce their plans to build power plants in the country.
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.
Germanys cabinet approves FIT plan
A week after the countrys new feed-in tariff (FITs) scheme was unveiled, Germanys 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.
