German authorities arrest Solar Fabrik CEO
The German police have arrested Christian L, the CEO of German solar manufacturer Solar Fabrik, in relation to an investigation by the Würzburg public prosecutor over alleged customs violations by PV wholesaler ESC Verwaltungs GmbH & Co.KG during the minimum import price period for Chinese solar modules.
Jupiter International secures $36 million to expand solar manufacturing
Jupiter International has obtained $36 million to expand its PV manufacturing operations, including the construction of a 1.8 GW solar cell facility, as well as a joint venture with AmpIn Energy for 1.2 GW of integrated solar cell and module capacity each.
ILB Group to acquire Malaysian solar business, assets
Malaysia’s ILB Group Bhd is acquiring Armani Sinar and its solar assets for MYR 98 million ($21 million) in cash. This deal will increase its PV capacity from 13 MW to 30 MW.
S&P Global launches daily spot market price assessment for solar panels
The tool has been billed as the world’s first independent daily spot market price assessment for solar panels. S&P Global says it has been launched to aid transparency in technology pricing as solar modules become increasingly commoditized.
Solar module prices rising in Brazil
Despite global overcapacity, several factors may contribute to a slight increase in solar panel prices in Brazil, with shipping costs and quotas for fiscal exemptions on imported PV modules playing a key role.
Indonesian utility plans 500 MW solar project in Bangladesh
Indonesia’s Pertamina Power has revealed plans to build a 500 MW solar project in Bangladesh.
Fronius to cut 650 jobs
Austrian inverter maker Fronius has cut another 650 jobs due to high inverter inventories and no expected upturn.
US residential solar down 20% in 2024
A recent webinar hosted by Roth Capital Partners looked at the health of the residential solar market and forecasts for next year.
Dutch utility Eneco uses residential batteries for grid stress relief
Dutch energy supplier Eneco has partnered with local energy storage manufacturer Charged to trial the use of solar power stored in home batteries of customers with fixed and variable contracts in a bid to alleviate stress on the grid.
South Africa commissions largest wheeling project to date
South Africa has commissioned its largest wheeling project, with SOLA Group supplying more than 200 MW of solar power to Tronox Mineral Sands via the Eskom network.
