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.
Intersolar China: Ambitious targets and emerging markets
Despite being down-sized to a conference without an exhibition, the second edition of Intersolar China in Beijing turned out to be very well-timed. In addition to news of a doubling of the countrys 2015 photovoltaic target, many turned out to hear what the central government has planned for the domestic photovoltaic industry. Overseas markets were also a central topic of discussion.
Canadian Solar "shall pay" $40 million in compensation to LDK
Canadian Solar may have to pay back compensation to LDK Solar Co. Ltd for the “illegal termination” of two photovoltaic wafer supply agreements made in 2007 and 2008. A Canadian Solar spokesperson said the company is reviewing the decision.
