Belectric takes Konarka GmbH over
Germany-based Belectric has taken the insolvent Konarka GmbH over. The announcement marks the companys entrance into the organic photovoltaic market.
LDK and Heng Rui Xin Energy enter into share purchase agreement
Chinas LDK Solar and Heng Rui Xin Energy Co. have entered into a share purchase agreement, under which Heng Rui Xin Energy will acquire 19.9% of LDKs share capital.
Investment interest in Romanian PV market increases
The maturing photovoltaic markets in Germany, Spain, France and Italy, and recent feed-in tariff cuts in a number of key markets have prompted solar investors to look for new opportunities in South-East European (SEE) nations. Romania is presenting one logical and very interesting investment alternative.
Isofotón denies Spanish factory closure
Spanish media reported yesterday, October 18, that Isofotón would close its photovoltaic manufacturing facility in Malaga for two months. The company has denied this.
£20 million incentive for UK energy storage solutions
The U.K. government has made £20 million available to encourage innovation in energy storage systems.
Iraq unveils $1.6 billion renewable energy plans
According to reports, Iraq plans to channel US$1.6 billion over the next three years into solar and wind power, with the aim of adding 400 MW to the national grid.
Interview: Inside Sungevitys expansion Down Under
Solar lease provider and online solar entrepreneur Danny Kennedy has expanded Sungevity into nine states across the U.S., from its Oakland base. This year the company moved into the Netherlands and, this quarter, into Australia. For company founder and president Kennedy, the move has a special significance, as the expatriate Australian is bringing his business home. pv magazine spoke the charismatic entrepreneur, to find out more.
SMA announces job cuts of over 1,000
On the back of “deep” subsidy cuts in Europe, SMA Solar Technology AG has announced it will reduce its workforce by 450 and terminate 600 temporary workers. Overall, it predicts a “significant” drop in sales due to a “steep” market downturn and growing price pressures.
Interview: PV bankability hurdles are increasing
Ed Heacox, principal and co-founder of Envect Inc. talks to pv magazine about the U.S. solar market the challenges, bankability, funding and how solar can play a role in developing smarter, more efficient grid.
Solarwatts insolvency proceedings revoked
Solarwatt AGs restructuring plan has been finalized, meaning insolvency proceedings for the German company have been revoked. However, in the next six months, shorter working hours on the production side will be a possibility.
