Cyprus inaugurates 10 new PV parks
Cyprus electrifies 10 new solar PV parks totalling 1 MW. Installed PV capacity on the island has reached 25 MW with up to 100 MW more due in the next two years.
Gehrlicher becomes preferred solar supplier to US government
U.S. federal departments can buy Gehrlicher products such as rooftop and ground mount arrays and solar carports using online process thanks to five-year GSA contract. Extension options could mean 20 years of federal custom for subsidiary of German parent.
Solar has a place as Obama outlines climate change policy
The U.S.’ historic climate change policy, announced today, has a role for solar, but only alongside natural gas, nuclear and CCS as “clean energy technologies.” Pledges will add up to more than 13 GW of renewables by 2025.
No news is good news, the message from Beijing
Trade commissioner Karel de Gucht repeats desire for amicable solution to solar stand-off but talks with Chinese opposite number were not part of the latest EU-China Joint Committee. Technical negotiations on the issue have moved from Brussels to Beijing.
SMA braces for hefty drop in revenue
Executives at German inverter manufacturer SMA have said that second quarter revenue will likely fall from 429 million a year ago to between 240 million and 280 million. The company continues to grapple with decreased demand, price drops and a general decline in business.
REC desert panels at Intersolar Europe
Norwegian manufacturer showcases its bifacial, desert-proof Peak Energy panels at Munich trade show. REC, which produces its panels in Singapore, has opened a Dubai office to target the MENA market.
First Solar makes $427.7 million from capital increase
First Solar has earned some $427.7 million following a capital increase in which it offered 9,747,000 shares of its common stock. It will use the fresh capital for acquisitions and expansion into new territories.
Suntech Europe gains a respite
Suntech’s European subsidiary has been granted a six-month extension to its debt moratorium. New definitive moratorium will allow time to negotiate with creditors and restructure debt and could be further extended.
Module talks start between EU and China
EU team meets Chinese specialists to try and find an amicable solution to the solar stand-off. But EU confirms the imposition of anti-dumping duties on Chinese modules will not be on the annual trade meeting agenda on Friday.
Analysis: First Solar raising cash at opportune time
Goetz Fischbeck, executive director of Equity Research at Bankhaus Lampe, discusses First Solar’s capital increase, the company’s strategy and potential growth possibilites, particularly in China.
