Canadian Solar: Bad debts and arbitration hit the accounts
The key number in the fourth quarter and full year figures released by Canadian Solar is the company’s general and administrative expenses which, the company says, unfairly skew perceptions of its performance in 2012.
Malaysia introduces new PV FIT degression rates
The Malaysian Ministry of Energy, Green Technology and Water has announced new degression rates for photovoltaic technology under the Malaysian FIT mechanism. Further changes to the FIT system have also been announced.
India: Same again for Karnataka round two
The Indian state of Karnataka has announced the second round of allocations under its solar policy and is seeking to generate 130 MW of projects to follow on from last year’s 80 MW.
Germany: Consensus for fundamental EEG reform
The German Federal Environment Minister wants a fundamental reform of Germany’s renewable energy law, or EEG. His ideas received wide support at a meeting between the German Chancellor, ministers and associations.
US: SolarCity adds photovoltaic customers but losses widen
SolarCity’s impressive new customer numbers and MW deployment figures fail to mask the fact the California-based solar company’s losses widened in a tough 2012.
Hemlock claims against Deutsche Solar for alleged breach of contract
U.S. polysilicon manufacturer Hemlock Semiconductor has lodged a claim against Deutsche Solar GmbH, claiming it has breached four long-term commitments to purchase polysilicon from the Michigan-based company.
US leads China in solar exports
Bring it on! The United States doesnt know its own strength when it comes to competition with China, according to a report just released by the Washington, DC-based Pew Research Center. And that holds especially true in the high-profile, ultra-competitive photovoltaic market sector.
India contemplates new funding model for solar mission despite budget deficit fears
Indias Ministry of New and Renewable Energy (MNRE) has today said that a Viability Gap Funding (VGF) model has been “envisaged” for the second phase of the countrys Jawaharlal Nehru National Solar Mission (JNNSM). National budget deficit concerns are, however, throwing the viability of the program into question.
Financial markets "endorse" Obama DOE and EPA nominees
In Washington, DC, this week, Department of Energy (DOE) Secretary Steven Chu and Environmental Protection Agency (EPA) Secretary Lisa Jackson officially vacated their seats in the Cabinet, leaving considerable baggage behind. The new nominees have been met with general approval, however.
Suntech exec chair swap branded "misconceived and unlawful"
Suntechs decision to replace founder and former CEO, Zhengrong Shi, with Susan Wang as executive chair of the Chinese companys board of directors has sparked an internal management struggle. Shi has branded the move both “misconceived and unlawful”. The news comes in the same month as Suntechs US$541 million bond payment.
