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.
Obama wants oil companies to pick up $2bn advanced vehicles tab
U.S. President Barack Obama has fleshed out the details of the clean energy proposals he referred to in his State of the Union address dedicated to setting out his second term objectives.
Japanese solar will overtake Germany and the US in 2013
Japan’s decision to turn its back on nuclear and offer the world’s most generous PV FIT scheme is set to see the country overtake Italy, Germany and the U.S. this year to become the world’s second biggest solar market in 2013.
Planned German storage incentive criticized
The Energy Storage conference in Düsseldorf, Germany, began with more than 500 visitors. Project examples show the conditions under which storage systems pay off and make sense.
Suntech "technically insolvent"; Wuxi Government to step in
As speculation mounts over whether Suntech Power Holdings Co. Ltd will default on its bond repayments and be forced to file for involuntary bankruptcy today, it seems the Wuxi Government in China is almost certain to bail Suntech out. Maxim Group writes that the company is “technically insolvent.”
Financial breakthroughs propel solar from alternative energy to mainstream industry
New financial models are expected to help propel solar from being an “alternative energy” to a mainstream industry, states U.S.-based Clean Edge. It adds that PV revenues are forecast to grow to $123.6 billion by 2022. Meanwhile, solar energy will continue to expand as a major economic force, with an increasing focus on the technology’s deployment.
EPIA calls for EU industrial policy for solar
The European Photovoltaic Industry Association (EPIA) has called for an EU industrial policy to drive innovation and research into solar.
SMA pays 40 million for Chinese inverter company stake
With the Chinese authorities having approved the transaction, Germanys SMA Solar Technology AG now officially owns 72.5% of China-based Jiangsu Zeversolar New Energy Co., Ltd.
France announces 400 MW tender for large PV plants
The French Ministry of Energy, Ecology and Sustainable Development has announced a tender for 400 MW of PV plants 250 kW and larger.
US collaboration to advance thin film technologies
A knowledge-sharing collaboration has been announced between U.S. solar industry body the Photovoltaic Manufacturing Consortium (PVMC) and the National Renewable Energy Laboratory (NREL) to advance thin film technology.
