APVIA: Singapore becoming base for solar business
While with only 5.5 MW in installed capacity, Singapore is a minor end-market for photovoltaics, however as a business and banking hub, it is increasingly becoming a base for solar companies.
Ukraine: Martifer Solar signs off on 4.5 MW Porogi project
Portuguese company Martifer Solar has signed an EPC contract to build a 4.5 MW solar plant in the Ukraine, which it plans to have online by the end of 2012.
Wacker Chemie delays US polysilicon plans; affected by solar consolidation
Wacker Chemie AG has announced production at its new Tennessee polysilicon facility will be delayed by 18 months. Overall, the company has reported “significantly” decreased sales in its polysilicon business on the back of consolidation, overcapacity and sustained price pressure in the solar industry.
Sovello lays off more workers amid dwindling hopes of a rescue
Despite the ongoing search for an investor, Sovello GmbH can no longer continue to operate. As such, the team has been reduced from 170 to just 50 employees.
Satcon granted court approval for warranties
Satcon Technology Corporation has been granted approval by the Bankruptcy Court for the District of Delaware to continue to provide post sale service and support to its customers.
Hanwha Q.Cells GmbH officially launched
The acquisition of one of the worlds pioneering photovoltaic companies, Q.Cells, was completed today, with the launch of Hanwha Q.Cells GmbH. The new companys leadership was unveiled at its headquarters, R&D center and German manufacturing operations, in Germanys Sachsen-Anhalt this morning.
Belectric plans organic PV production in Germany
Following Belectrics takeover of Konarka Technologies GmbH, the company plans to set up organic photovoltaic (OPV) production facilities in Germany in the coming months.
REC halts ingot production; announces management changes
Norway-based REC has released its Q3 financial results. While still not in the black, the company is making positive progress, although it has halted production of ingots and blocks in Singapore. Management changes have also been announced.
Asia Pacific energy storage market worth $12 billion in 10 years
A Pike Research report released today predicts that the Asia Pacific energy storage market will be worth $12 billion by 2022, with a capacity of 25 GW.
US IRS vows to appeal favorable ruling on Solyndra bankruptcy plan
In a decision that will once again elevate Solyndra to headline news this time, during the crucial days leading up to the U.S. presidential election on November 6 U.S. Bankruptcy Judge Mary Walrath ruled on October 22 in favor of the thin film solar manufacturers bankruptcy exit plan.
