Finance

A new think tank report suggests the U.K. could grow its community owned renewable energy sector by 8,800% if councils did not block its development.

Former head of investor relations told selected investors and analysts about loss of loan guarantee in 2011. The formal announcement of the news the next morning caused a 6% share price fall.

State is aiming to encourage 40 MW of rooftop systems, split between residential and non residential systems. Any surplus energy generated by non residential systems would not be eligible for FIT payments.

The U.S. thin film giant will supply the modules and Belectric the Balance of Systems for the proposed joint venture. PV Projects will aim to develop schemes in Europe and North America as well as smaller projects in the U.S.

The state’s Libertarians have endorsed a proposal led by RENEW Wisconsin — a local clean energy group — to allow Wisconsin electricity customers to lease solar panels for their energy needs.

With a strong performance in Japan and South Africa, China’s Hanwha SolarOne increased shipments, improved its revenue and cut its losses from April to June. Company executives are upbeat about the rest of the year and beyond.

Shareholders in the Norwegian solar company approved plans to issue a new convertible bond worth up to $110 million. The company faces a crucial vote in two weeks’ time over its plans to split off the profitable solar division from the silicon business.

An Avelar Energy representative told pv magazine, plans for PV plants in three Russian regions are still at the planning stage. An Interfax report says the plants will total 120 MW of solar.

Solar Universe positions itself at the forefront of the U.S. solar industry with acquisition of GEN110 as part of its ongoing expansion.

The first federal energy auction to feature solar in Brazil has prompted applications for 2.7 GW of projects. Some 1.75 GW of the applications are for projects in Bahia state.