Desertec has announced that it will build its first solar power plant in 2012. Set to be located in Morocco, it is expected to be 500 megawatts (MW) in size.
Utility-scale solar development is set for a boost under new plans unveiled by the U.S. Secretary of the Interior yesterday. Through the identification of new solar energy zones (SEZ), it is believed permitting times will be reduced. Industry leaders have welcomed the news.
In a sign that Greeces plan for vast expansion of photovoltaic capacity is gaining support at the highest levels of government, the European Council has mentioned it in a communiqué regarding currency stability measures.
In announcing its third quarter (Q3) financial results, AUO Optronics has said affiliate company M.Setek is expected to resume full operations at its solar factory in Soma, in Mid-November.
Manufacturing equipment supplier Manz has today revised down its earnings for 2011 on the back of weak demand for solar equipment. The company has a turnkey CIGS line and is a single machine supplier to select customers.
Going against the grain, centrotherm photovoltaics AG has adjusted both its revenue and EBIT margin guidance for the full year 2011. Certain areas of the business are suffering from the “strained” market conditions though, and its EBIT has taken a massive tumble.
Industry analysts Jefferies have taken the reductions in Germany’s feed-in tariffs as an indication of approaching retail grid parity.
U.S.-based chemical products company Solutia has reported its third quarter (Q3) financial results including a two percent increase in sales, from the same period in 2010, and a seven percent increase in earnings per share.
Integrator Belectric and Solar Frontier have announced today the completion of their 4.2 megawatt (MW) photovoltaic power plant in Bessan, France. It is the first such installation in France using copper, indium, gallium, (di)selenide (CIGS) thin-film modules. The project also represents the Japanese manufacturer’s entry into the French photovoltaic market.
The German Federal Network Agency (“Bundesnetzagentur” “BNA”) has announced the new photovoltaic feed-in tariffs (FIT) for 2012. They will be cut by 15 percent from 2011 rates.
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