Q.Cells SE has announced that the South Korea-based Hanwha Group has won its bid to take the insolvent Germany company over.
Following the news that Spain-based Isofotón had also submitted a bid to take Germanys Q.Cells over, pv magazine has learned that if the offer is accepted, it will invest 300 million in Q.Cells businesses. Under 10% of the workforce would also be cut.
Helios Energy will install a 30 MW photovoltaic plant in central northern Nigeria, following the signing of a memorandum of understanding (MOU) between the German company and the Governor of Kaduna State.
Panasonic and Coronal Management LLC will establish a new solar company in North America, under which funding will be provided for distributed generation solar systems built by Panasonic Eco Solutions North America.
Italys new guidelines for photovoltaic subsidies have been in place since Monday, August 27. While system operators will have to adapt to much lower tariffs and changing requirements, it is believed the new funding under the Conto Energia V will only last until the end of 1H 2013.
A 21-page policy paper on energy released by presumptive U.S. GOP Presidential candidate, Mitt Romney in advance of the Republican National Convention in Tampa, Florida, next week is predicated more on “what lies beneath” than on “all of the above.”
After months of speculation, the insolvent Q.Cells has confirmed the Hanwha Groups interest in taking it over. While the two parties have signed a contract, the acquisition must still be approved by Q.Cells creditors.
The northeastern state of Paraíba will soon become home to Brazils first photovoltaic module manufacturing facility. Expected to be built early next year, the first phase will see an annual capacity of 30 MW come online.
Bosch will close its silicon thin film works in Erfurt, Germany. In the future, the company will concentrate on the areas of crystalline and CIS thin film photovoltaics.
According to new figures, the Asia Pacific (APAC) region in particular is set to experience significant end of year photovoltaic demand. Meanwhile, conditions are expected to remain challenging in the more established markets.
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