Insolvency proceedings open for Asola Solarpower
Germany-based Asola Solarpower is experiencing financial difficulties. Nevertheless, the companys insolvency administrator sees good opportunities for redevelopment via a realigned business plan.
Portugal: Renewables supply 70% of power in Q1
Seventy percent of Portugal’s power generation came from renewable energies, mainly hydroelectric power and wind energy, in Q1 2013, according to the country’s grid operator, Redes Energéticas Nacionais (REN). Despite this record, photovoltaic energy still fails to have significant presence in the energy mix.
Turkey: 2013 a critical year for solar energy development
2013 is expected to be a pivotal year for the Turkish solar industry, as the countrys Energy Market Regulatory Authority gears up to distribute PV production licenses for projects larger than 1 MW. Meanwhile, cumulative capacity is expected to surpass 4 GW by 2017.
US installs 537 MW of large-scale solar projects in Q1
A total of 537 MW of new large-scale photovoltaic capacity was added in the first quarter of 2013, according to the U.S. Federal Energy Regulatory Commission.
First Solar stock surges on major announcements
U.S. thin film manufacturer and project developer First Solar has taken what appears to be a major leap forward, as its share price soared on the back of 2013 financial guidance, an acquisition announcement and a major efficiency improvement.
Germany: PV falls by 500 GWh year-over-year
Despite an increase in installed PV capacity to 33.4 GW in Germany, photovoltaic power output fell by 500 GWh year-over-year during the first quarter of 2013, according to a report released by the German Fraunhofer Institute for Solar Energy Systems (ISE).
Centrosolar unveils stark debt reduction plans
Germany-based Centrosolar Group AG has unveiled a number of approved measures aimed at cutting its around 90 million debt burden. Included in these are a capital reduction of 25:1 and the issuance of new shares.
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.
Suntech seeking buyers and investors
Suntech is searching for buyers and investors, an unidentified source close to the China-based photovoltaic manufacturer has told Reuters.
Global PV to exceed 35 GW in 2013
Global photovoltaic installations are forecast to exceed 35 GW in 2013, equivalent to a growth of 12%, according to an analysis published by research company IHS Solar. Last year, it says, global photovoltaic installations reached 31.4 GW.
