Finance

The impact of plunging PV prices throughout 2012 has been graphically illustrated with the release of full-year figures by global technology giant Bosch.

A group of British “solar and construction companies” has announced its intention to claim £140 million (US$222 million) in damages against the government of its handling of reductions to the solar FIT in 2011 and 2012.

A report into the future of the U.S. clean energy industry has called upon President Obama and Congress to introduce measures to ensure the country does not fall further behind in the global renewable energy revolution.

U.S. solar module manufacturer-turned-plant-developer First Solar is targeting the Middle East and north Africa as a growth market as oil and gas-rich nations look to reduce their domestic reliance on such fuels to maximize export returns.

There are indications falling polysilicon production is starting to address the long-standing global oversupply and helping the price of the solar material stabilize, according to consultants IHS i-Suppli.

Chinese solar module giant Trina Solar has dismissed an analyst’s prediction that a $14bn off-the-books debt mountain will force it into insolvency within six months.

Chinese cell manufacturer Gold Poly New Energy Holdings Ltd has acquired solar power plant developer China Merchants New Energy Holdings Ltd.

Representatives of Spain’s renewable energy sector asked official Brussels to help end “harassment” of the photovoltaic sector in Spain after the sector lost 30% of its revenue as a result of changes to FIT rules that were applied retroactively.

Bloomberg New Energy Finance has released its annual league tables of the top movers and shakers in clean energy and photovoltaic projects figure prominently.

A contract for the construction of a new 2 MW photovoltaic plant in northern Chile has been signed and a new 1.2 MW photovoltaic plant in central Chile has come online, all in the space of just five days, highlighting a heightened tempo of photovoltaic development in the country.