Japan: 3.3 MW project grid connected
The first project stemming from Solar Frontier and Belectrics collaboration in Japan has been connected to the grid today. The 3.3 MW photovoltaic power plant was completed by the companies, with Shoseki Engineering and Construction (SEC), in the town where Solar Frontiers 900 MW fab is based.
Wuxi Suntech insolvency official
The Wuxi Municipal Intermediate People’s Court in Jiangsu Province, China, has officially accepted the petition for the insolvency and restructuring of Suntech Power Holdings Co., Ltds main subsidiary, Wuxi Suntech Power Co., Ltd, submitted by eight Chinese Banks on March 18.
EU industry committee favors renewable energy FITs over quotas
A European Committee has spoken out in favor Germany-style renewable energy (EEG) feed-in tariffs, as opposed to a European-wide quota model, despite opposition from the EU Energy Commissioner.
ReneSola secures over $50 million loan guarantee from CDB
ReneSola Ltd has secured a loan guarantee worth RMB 320 million (around US$51.5 million, 39.9 million). The funds are expected to be used towards the companys domestic development in China.
Insolvency petition submitted for Wuxi Suntech
Suntech Power Holdings Co. Ltd has today announced that a petition for insolvency and restructuring was filed against subsidiary Wuxi Suntech Power Holdings Co., Ltd on Monday, March 18. Wuxi Suntech has not objected to the filing.
SEIA: US PV system prices fall despite tariffs
The impact of module prices are always discussed in connection with import tariffs on Chinese photovoltaic products. In the U.S. prices continue to fall, despite the tariffs imposed last year. However, the comparison is lopsided given the significantly higher price levels in the U.S. than in Germany.
Italy: Mitsubishi, INCJ and Solar Ventures to acquire up to 150 MW of PV projects
Mitsubishi Corporation (MC), Innovation Network Corporation of Japan (INCJ) and Solar Ventures have acquired a photovoltaic project portfolio in Italy worth 42 MWp. They are looking to add projects totaling 150 MWp to this.
Utility-scale battery storage to top 25 GW in Asia Pacific in 2022
The utility-scale advanced battery market in the Asia Pacific region will amount to 25.1 GW of storage and be worth US$12 billion in 2022, according to a report by Pike Research.
What next for Suntech?
Today Chinese photovoltaic module manufacturer Suntech finally admitted it had received notice of default over the US$541 million worth of 3% convertible bonds, which went unpaid on Friday.
EU energy infrastructure budget halved by austerity drive
Documentation relating to the new EU energy infrastructure guidelines has laid bare just how savagely austerity-driven leaders cut the funds available to upgrade grids to harness renewables.
