Markets

Solarwatt AG’s creditors have approved the company’s reorganization plan and BMW heir Stefan Quandt’s proposal to acquire 94% of its shares. Once the plan takes legal effect, Solarwatt’s insolvency proceedings will be repealed.

Two reports, released this week, have indicated that Germany’s cleantech industry, and photovoltaics in particular, will continue to grow in the coming years and maintain its leading place in the industry.

Spain-based Isofotón has revealed further details about its new photovoltaic manufacturing facility in Napoleon, Ohio. The company has also told pv magazine at the Solar Power International that it intends to set up module manufacturing operations in Saudi Arabia, Brazil and China.

Solar is going “through the roof” in the United States, according to a report released by the Washington, DC-based Solar Energy Industries Association (SEIA) and the San Francisco-based Vote Solar Initiative on September 12. In fact, the top 20 commercial solar users in America have installed more than 1.2 million photovoltaic panels, combined, covering more than 544 acres of rooftops.

Is the United States helping to finance and fulfill the Jawaharlal Nehru National Solar Mission (JNNSM) – or “helping itself” to a large, unprotected segment of India’s solar market?

Yingli Green Energy Holding Company Limited has unveiled a new 72 cell photovoltaic module, the YGE-U 72 Cell, at this year’s Solar Power International in Orlando, Florida. Designed specifically to supply the North American utility-scale solar market, it has been certified by Underwriters Laboratories for a maximum system voltage rating of 1,000V.

Japanese thin film manufacturer Solar Frontier has announced that it will move into the downstream business in its domestic market, with an agreement to supply and provide “project development services” for two power plants worth 3.3 MW.

Calls for renewable energy quota systems in Germany are amassing and becoming louder, particularly from the country’s Free Democratic Party (FDP). Under Economy Minister, Sven Morlok (FDP), the Saxony Government yesterday presented a report, which suggested an alternative funding model.

The 10 top technologies industry analysts expect to be developed in Brazil’s photovoltaic sector over the next 15 years have been unveiled in a new study commissioned by the Brazilian Agency for Industrial Development (ABDI).

U.S. project developer SunEdison has added $40 million to its project finance revolving credit facility, for utility scale and distributed solar projects in the U.S. and Ontario. The new capital is available immediately.