Spain: Another deep cut for renewables to come
In order to save costs for the public electric system, the Spanish government is set to again cut subsidies for operational PV plants. Feed-in-tariffs could shrink at a rate of 20%.
LDK Solars Q1 results remain in the red
Hit by falling prices and increased competition, LDK Solar remained deep in red ink in the first three months of the year with a net loss of $187.1 million, $104.3 million in revenue and liabilities totaling $5.3 billion.
Romania to cut green certificates
The Romanian government has approved legislation that will severely cut PV incentives for investors. Critics say the move could lead to a halt in foreign investment for the country’s solar market.
EU duties prompt Chinese manufacturer to look east
Chinese solar manufacturer Solargiga has signed a 370 MW module supply deal with Japanese giant Sharp and said the move into other markets had been prompted by the recent EU anti dumping duties decision. The deal makes Solargiga the largest Chinese solar supplier to Sharp.
Canadian Solar EPC for 130 MW Ontario plant
Chinese manufacturer continues its downstream focus by signing the biggest EPC deal in its corporate history to deliver a 130 MW utility scale plant in Ontario which will feature 440,000 Canadian Solar modules.
Daqo positive of EU-China agreement
Chinese polysilicon manufacturer Daqo New Energy is taking an optimistic approach to the solar trade stand-off and predicting a rise in shipments in the current quarter. Daqo is also forecasting a stabilization in the price of polysilicon.
Renewables JV to bring 600 MW of solar and wind to Chile by 2016
Mainstream Renewables enters a partnership with investment house Actis again after a successful US$100 million South African deal last year.
JinkoSolar announces first-quarter upturn in fortunes
Chinese photovoltaic manufacturer JinkoSolar staunched losses whilst increasing shipments and extending its global reach in the first three months of 2013.
aleo solar continues search for white knight investor
German solar manufacturer aleo solar has no update on the search to replace Bosch’s 90.7% stake and expects another loss in 2013.
EU duties will cost 650,000 jobs says Chinese state media
China Daily predicts EU duties will cost the political bloc 250,000 jobs in its own back yard as Beijing launches investigation into imported EU wines as direct riposte to France’s Hollande.
