Construction to begin on 1 GW Serbian PV project
A one GW, 1.75 billion photovoltaic project has received the green light in Serbia, after the government and project developer, Securum Equity Partners & Associates signed a binding framework agreement on October 25. Construction is scheduled to begin next April.
Singulus announces job cuts in solar sector
Singulus Technologies has announced it will reduce its solar workforce in Fürstenfeldbruck, Germany, by 40% by the end of 2012, on the back of a market decline for silicon solar cells. The company will expand its thin film operations, however.
Dow Corning affected by oversupply and depressed prices
Dow Corning Corp.s Q3 2012 financial results have been significantly impacted by polysilicon oversupply, depressed prices and solar uncertainty.
Abound Solar: 3-pronged criminal investigation launched
Already financially reeling following bankruptcy, Colorado-based Abound Solar has now fallen afoul of the law. In a statement released on October 25, the Weld County District Attorneys Office in Colorado, acknowledged that its Investigations Unit is conducting a probe into “possible securities fraud, consumer fraud and financial misrepresentation.”
NRG- GenOn merger approved
The merger between NRG Energy Inc. and GenOn Energy Inc. has been sanctioned by the Public Utility Commission of Texas (PUCT). There are still a number of other approvals to be received, however, before the transaction can be completed.
Italys TerniEnergia unveils South African plans
In addition to setting up a South Africa subsidiary, Italy-based TerniEnergia will install a 9.5 MWp photovoltaic plant at Upington airport.
Germany: Schüco to pay 8.6 million back to Saxony-Anhalt
Schüco International KG has to pay back 8.6 million to the Saxony-Anhalt Ministry in Germany, following the closure of its thin film photovoltaic module manufacturing facility in Osterweddingen.
China lifts nuclear moratorium
Having placed a moratorium on the development of nuclear reactors in the country following the Fukushima disaster in Japan, China has announced it will again start building nuclear plants. Photovoltaic opportunities have also been identified.
PV equipment upgrades and differentiation key to manufacturers survival
A new report has identified a number of opportunities for photovoltaic equipment manufacturers to turn a profit. The key is product differentiation, according to the author, who states that photovoltaic manufacturers with idle capacities cannot afford to not upgrade their production equipment. Meanwhile, Germanys grip on the market is said to be slipping.
China: LDK sells 3 PV plants to Henan Xindaxin
LDK Solar has sold three of its photovoltaic rooftop plants in China to Henan Xindaxin Materials Co. for RMB 140 million (US$22.3 million; 17.3 million).
