LG to invest USD$820 million in solar business
LG Electronics (LG) has announced plans to significantly expand its solar business by investing USD$820 million (KRW one trillion) over the next five years toward its solar cell manufacturing facility in Gumi, southeast of Seoul.
OCI adds 5,000 MT of polysilicon capacity in bid to become market leader
Following the construction of its P3 polysilicon plant, which has a production capacity of 10,000 metric tons (MT) and is due to be completed at the end of this year, OCI has said it is looking to further expand production by another 5,000 metric tons at its facility in Gunsan, Jeollabukdo, South Korea.
NRG Solar increases project portfolio with new US Solar agreement
NRG Energy, Inc. through its wholly owned subsidiary, NRG Solar, has entered into a definitive agreement with US Solar Ventures Holdings to acquire a portfolio of solar development projects on nine sites in California and Arizona for an undisclosed sum of money.
Yingli expands commitment to Spain
Despite the turbulence in Spanish solar policy, Yingli solar is expanding its presence in Spain, partly as a base from which to reach other markets. By the end of the year, the Chinese module manufacturer plans to expand its service center in Madrid.
Exclusive interview: Cuts in Spanish PV applications would signal "the end"
A 30 percent reduction for photovoltaics applications would signal “the end”, according to Javier Anta, president of the Spanish photovoltaics association (ASIF). In an interview with pv magazine, he also said that current plant owners would be ruined. Furthermore, he stated that between 600 and 1,000 megawatts (MW) in Spain are currently “with a leaglly uncertain status”.
Solydra withdraws IPO; secures USD$175 million to develop business
U.S.-based Solyndra Inc. has withdrawn its request from the Securities and Exchange Commission to proceed with an initial public offering (IPO) of shares of its common stock, due to adverse market conditions and the availability of alternative funding from existing investors.
Etrion to acquire over 30 MW of solar power projects in Italy
The Etrion Corporation is to acquire more than 30 megawatts (MW) of solar power projects in Italy, worth around 45 million.
Energy providers invest in Sharp solar power plants
Sharp Energy Solution Europe has announced it will be building solar power plants for energy providers in Germany. A sum of 6 million has already been invested last year.
New PV association formation underway
The formation of a new professional association to advance the photovoltaic engineering and related manufacturing professions is underway, following a meeting held at Flextronics Inc.s campus in California, the U.S.
Satcon and Horizon Technology Finance enter into USD$12 million debt facility agreement
Satcon Technology Corporation has entered into a USD$12 million subordinated debt facility with Horizon Technology Finance. The company has said it will utilize the proceeds of this transaction to further strengthen its working capital as it plans for continued worldwide growth.
