SunPower reaches $19.7 million class action settlement
SunPower Corp. has agreed to settle a private securities class action suit, which was launched against itself and members of its management, for US$19.7 million.
India identifies 54 solar cities; releases JNNSM figures
It has been announced that 54 cities in India will be designated “Solar Cities”. In related news, grid connected photovoltaic projects worth 1.04 GW are said to have been commissioned under the first phase of the Jawaharlal Nehru National Solar Mission (JNNSM).
Canadian Solar moves away from direct panel sales
The chief financial officer of Canadian Solar says the panel manufacturer expects to make half of its revenues next year from developing solar farms rather than selling panels.
Mixed news from Chinese panel manufacturers
In separate developments in China, Apollo Solar announced an improvement in manufacturing processes that will further reduce module prices, whilst shares issue by SolarGiga were less than 50% subscribed.
Investing in gas over renewables is a false economy, says UK pressure group
Environmental pressure group Friends of the Earth has rubbished U.K. government claims new natural gas extraction methods will unearth so much of the fossil fuel that the international price of gas will fall.
Ontario opens window for PV rooftop permit applications
The Ontario Power Authority (OPA) today ended a long period of uncertainty over its FIT plans when it opened the application window for small photovoltaic projects, with capacities of 10 to 500 kW.
Suntech signs deal with Italian EPC provider
Despite the troublesome involvement of Suntech’s Italian investment arm Global Solar Fund with the public prosecutor’s office in Brindisi, the Chinese manufacturer has signed an agreement to supply 25 MW of panels to Italian EPC company SunSystem S.p.A.
First Solar to supply 50 MW Indian schemes
Arizona-based First Solar has signed a deal to supply more than 585,000 advanced thin film modules for two solar plants in Rajasthan, India.
Lux Research outlines path to PV module profitability
If solar manufacturers are to return to profitability, and drive market growth despite ever-diminishing government subsidies worldwide, they must dramatically reduce their inventory costs for modules, according to the findings of a study just released by Lux Research. But how low can they go? The analysts see the price sinking in at least one industry sector to $0.48/W (0.37/W) by 2017.
Photon Europe files for insolvency
Germanys Aachen District court officially opened preliminary insolvency proceedings against Photon Europe. The prosecution had previously been involved in investigations into delayed filing of insolvency.
