Advanced Energy acquires Refusol
Following the signing of a contract by both parties, German photovoltaic inverter company Refusol is now a part of U.S.-based Advanced Energy Industries.
JinkoSolar sees huge 2012 losses
JinkoSolar recorded a number of hefty losses, both sequentially and annually. CEO, Kangping Chen blames continued photovoltaic module oversupply and lingering global economic certainties. He is, however, confident of the companys strategy going ahead.
PV predicted to produce 110 TWh in 2013
According to a new report issued by the International Energy Agency (IEA), already installed photovoltaic systems will produce “at least” 110 TWh, or 110 billion kWh in 2013, thus representing 0.5% of global electricity demand. This corresponds to the annual energy consumption of the Netherlands, it says.
Downstream solar dominates VC funding scene
Downstream solar companies dominated the global venture capital (VC) fundraising arena in the first quarter of 2013, finally benefiting from historically cheap panel prices, according to consultants Mercom Capital Group.
Buffett rumor sees Suntech stock surge
With shares in insolvency-hit solar manufacturer Suntech leaping yesterday to close at US$0.48 on rumors Warren Buffett is interested in a purchase, all eyes will be on the stock when the market reopens at 3.30 pm today.
Standard Bank announces $2 billion renewable energy fund for South Africa
Ten PV projects in South Africa will benefit from a US$2 billion funding support agreement between Standard Bank Group and the Industrial and Commercial Bank of China (ICBC).
LDK Solar subsidiary sale still awaiting approval
LDK Solar is still awaiting governmental approval for the sale of LDK Anhui. The closing date for Shanghai Qianjiang Group to purchase the subsidiary was originally set for March 31.
Bosch receives first offers to buy solar division
Following Boschs announcement that it is exiting the crystalline photovoltaic business, the Germany-based electronics giant has confirmed it has received offers from interested parties. It is unclear, however, how long Bosch will take to review them.
Photovolt unveils 900 MW Japanese PV pipeline
Germany-based Photovolt Development Partners has unveiled a photovoltaic pipeline worth 925 MW (DC) in Japan. Completion is scheduled for between 2014 and 2015. The company is also planning to install 110 MWp in Israel and 35 MWp in Mexico.
China drops solar cell import taxes, sends "positive signal" to Europe
China dropped import duties and value-added tax (VAT) for a variety of equipment, including for solar cells and lithium-ion batteries on April 1, thus sending a “positive signal” to the China-Europe trade negotiations.
