Conergy completes first solar installation via its $100 million solar fund
Launched in January in conjunction with Conergy’s main shareholder Kawa, the U.S. solar investment vehicle this week closed-off its inaugural solar project in California.
REC Solar posts fourth-quarter pre-tax profit of $13.7 million
Improving market conditions and cost reductions have boosted the newly independent REC Solar’s bottom line.
Solar manufacturing equipment sales lag the boom
US semiconductor giant Applied Materials has reported more gloomy news from its solar division. With a manufacturing overcapacity worldwide, PV companies are not investing in plant, says Applied.
Tesla could drive energy storage price revolution
Plans for the Tesla Gigafactory to manufacture as many lith-ion battery packs as the rest of the world produces have caught the energy storage industry’s attention. The resulting economies of scale could affect customers far beyond EV drivers.
Greece awaits ‘new deal’ after adding 1 GW of solar in 2013
Greece’s Environment Ministry is set to introduce new measures in the hopes of reaching a long-term solution, including FIT cuts and loan extensions. Consumers, however, face still more RES fee hikes.
SunPower signs three-year new home deal
US manufacturer SunPower will supply household systems for Meritage Homes over the next three years. Meritage says that should amount to more than 2,000 rooftop systems.
Suntech liquidators start chapter 15 proceedings
The Suntech liquidators want to have Cayman Islands liquidation proceedings recognized in the US. Move would protect Suntech from any actions brought by US creditors.
Solar leads pack in new US generation capacity
Solar led the charge of renewables which accounted for over 99% of new electrical generation capacity installed in the US last month. But despite providing 287 MW of the 324 MW added in January, solar still represents only 0.7% of America’s total electricity generation mix.
Hanergy sells UK business for 13 cents
The ‘sale’ is part of a reorganization which will continue the group’s solar equipment business’ movement into downstream and applied solar. The UK business sells thin film rooftops through Ikea.
LDK files for Cayman Islands liquidation
The Chinese wafer giant stressed the move will not be replicated in its domestic market. LDK says it expects a favorable conclusion to talks with creditors to be held ‘over the next few days.’
