Finance

The U.K. has published its new FIT rates, due to take effect in July. The country’s 2012 energy statistics have also been released. According to the figures, 3.2% of energy was generated from PV, while renewables accounted for 11.3%. Overall, the government is confident growth will continue.

It has been largely agreed that Qatar Solar Technologies will step in to save SolarWorld AG, according to reports. The details are expected to be published at the German photovoltaic company’s EGM.

With the help of veteran investor Warren Buffett’s decision to buy the 579 MW Antelope Valley Solar Projects, California-based SunPower has announced that rarest of things in the solar industry – a positive quarterly update.

NRG Energy will cut the ribbon today on its 66 MW Alpine Solar Generating Facility, California’s largest fully operational solar generating plant.

The Central American country is gearing up to approve a regulation, which aims to support solar energy installations.

Insolvency proceedings have officially opened against AE Photonics. All employees have already been laid off. Both the parent company and its Greek, Indian and U.S. subsidiaries will now be liquidated.

Following approval, four former board management members of Conergy will pay the German photovoltaic company over €6 million under a settlement agreement. Part of the funds are expected to be paid to investor plaintiffs under a second settlement agreement.

In issuing select preliminary Q1 2013 financial results, Canadian Solar Inc. expects its photovoltaic module shipments and gross margin to exceed previous guidance.

According to reports, Spain is considering cuts to renewable energy totaling around €1 billion under the energy reform expected this June.

Solar stocks in New York rallied this month on the back of news that a bill introduced in the U.S. Congress would provide solar companies with a tax advantage enjoyed to date only by fossil fuel producers. The sector also received several votes of confidence that increased market momentum, including ABB’s Power-One acquisition, and BNEF’s elevation of Japan to the number-one market for PV installations.