European module prices rise for first time in 4 years
Module prices have increased in the European market for the first time in four years, according to a report by IHS. The upward trend is expected to continue.
Analysis: ABB's Power-One acquisition
Monday’s announcement that ABB was to acquire inverter manufacturer Power-One certainly turned heads. But where will it leave the two companies and how will it impact the photovoltaic market? IHS Solar Research Manager Sam Wilkinson assesses the implications.
REC: Revenues down 24%, but overall losses significantly lowered
Despite a 24% decrease in revenues in Q1 2013, the Renewable Energy Corporation ASA (REC) managed to significantly lower its losses, compared to the last quarter of 2012. In addition to posting its Q1 financial figures, the Norway-based company comments on the EU trade case. Overall, REC aspires to fill the gap left by Boschs exit from the photovoltaic business.
SoloPower confirms reductions, searches for investor
U.S.-based flexible CIGS manufacturer SoloPower has confirmed that it is scaling back its operations, as it searches for a strategic investor.
Continued low booking levels for equipment manufacturers [Updated]
SEMI has released the “4Q12 Worldwide Photovoltaic Equipment Market Statistics Report” with global PV equipment billings and bookings data. The report shows that billings and bookings remain low. Asia dominated sales with China taking the lead.
Asias largest PV airport takes off
The agreement to develop an 11.6 MW installation at Japans New Kansai International Airport has been reached. When complete, it is expected to be the biggest solar installation at an Asian airport.
Surviving the PV module downturn until 2015
NPD Solarbuzz’s latest report shows that a module market downturn and further consolidation are to be expected until 2014. Recovery is forecasted to begin in 2015. Surviving the downturn phase will be a key objective for manufacturers.
Renewables to add 70% of power production capacity by 2030, says BNEF
In the energy sector, 70% of new power generation capacity added between 2012 and 2030 will come from renewable technologies. Solar energy will account for 24% of new power capacity by 2030.
US: Two arrays in April and a CEO to look out for
Cincinnati-based project developer Melink Corporation and Solectria Renewables from Massachusetts commissioned a 2.15 MW solar array at the Cedarville University in Ohio. Recently Solectria’s CEO was also named as “2013 Women to Watch.”
Sunways: Banks cancel $8.6 million credit
In light of the continuing downturn in the European photovoltaic industry, yet another negative announcement was made today by a German company. Banks have cancelled their line of credit worth US$8.6 million to LDK Solar subsidiary Sunways.
