The Financial Times Deutschland (FTD) has reported that two different parties stepped up to save Solon before it filed for insolvency. However, the plans fell through at the last minute.
While the rain fell outside, solar industry proponents have put their case to an independent committee in Sydney this week. The committee has been established to determine tariffs photovoltaic producers receive for electricity fed back into the grid. Electricity retailers presented a vastly different case to the committee members.
Berlin-based Solon SE is the latest 2011 solar market victim, having announced yesterday evening that it has filed an application for the opening of insolvency proceedings.
A strategy document released this week, on Australias energy future, seems to have overlooked the potential of photovoltaics in the country. Instead the report focused on unproven technology, like carbon capture and storage, and leaving the door open for the development of nuclear power stations.
Belectric is the global solar engineering, procurement and construction (EPC) leader, having installed 62 power plants worth 391 megawatts (MW), according to IHS iSuppli.
Germany-based Conergy has been awarded a contract to build a nine megawatt (MW) photovoltaic project in Thailand.
In the presentation of its 2012 guidance today, First Solar has announced a strategy to focus on serving “non-subsidy” markets in the future. The key will be to reduce costs to ensure that its photovoltaic power plants can compete with traditional power producers.
IHS iSuppli has published its 2011 photovoltaic installation predictions. At the top of the charts is Italy. The research body also believes module prices will continue to fall into 2012.
Hww wienberg wilhelm, insolvency advisors to Solon have released further details relating to the Berlin companys announcement yesterday.
The U.K. Renewable Energy Association (REA) and the Solar Trade Association (STA) today delivered a letter signed by over 200 prominent organizations and a 17,000-strong petition asking the government to rethink its current proposals for subsidizing photovoltaic take-up.
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