SolarWorld announces significant Q3 losses
SolarWorld AG has suffered significant losses in the first three quarters of 2012, compared to the previous year. To improve the situation it will, among other measures, cut back on personnel. The company is very firmly laying the blame at the feet of the Chinese photovoltaic manufacturers.
Conergy remains positive, despite Q3 losses
Heavily impacted by its terminated wafer sales contract with MEMC, Conergy recorded a number of Q3 2012 losses. Despite this, its results are on an upward trajectory, compared to the same period last year. Overall, the company is confident it is “on the right track”.
EU Energy Commissioner calls for joint promotion of renewable energies
EU Energy Commissioner, Günther Oettinger has again called for the European-wide promotion of renewable energies. Furthermore, he is for the application of a “speed limit” regarding the expansion of photovoltaics in Germany.
India: 1.1 GW solar pipeline; draft tariffs released
Indian solar installations stalled in Q3 2012, however around 1.1 GW of projects are due to be added in the next six months. Meanwhile, the market is eagerly awaiting the Phase II policy announcement, which is expected sometime towards the end of this year. Already draft tariffs have been released.
Bosch Rexroth confirms Desertec exit
Bosch Rexroth has confirmed it will let its Desertec Industrial Initiative (Dii) membership expire at the end of the year. Following Siemens exit, Bosch is the second company to withdraw from the initiative.
Bosch waives 25 million aleo loan
Bosch subsidiary aleo solar AG must only pay back part of the loans granted to it by Bosch, thus somewhat relaxing the financial situation of aleo.
Trina revises Q3 guidance downwards
Trina Solar Limited has announced significant changes to its Q3 financial guidance, ahead of the release of its quarterly figures.
REI: Solar trade dispute clouds cast dark shadows
The 6th annual Renewable Energy India (REI) closed its doors last Friday evening on the back of rumors that the Indian Government will pursue a solar trade case soon.
Amendments to Bulgarian PV grid access fees on the table
The Bulgarian Committee on Economic Policy, Energy and Tourism has adopted amendments to Bulgarias Energy Act and Renewable Energy Sources Act, which aim to legitimize “fees for grid access” for renewable energy producers. Approval is expected to be received within the next three weeks.
Denmark to cut PV subsidies
The Danish government will reduce remuneration for photovoltaic plants following strong growth. The current proposal is to be negotiated in the coming weeks.
