Markets & Policy

aleo solar forecasts 2011 loss

German-based photovoltaic manufacturer and distributer aleo solar today announced earning forecasts for 2011. Coming in at 462 million euros, the result represents a 17 percent decrease in revenues from 2010.

Rise of Chinese equipment suppliers

In a week where mixed signals have been emerging from the photovoltaic equipment market, NPD Solarbuzz figures indicate growing revenues during 2011. Looking to the future is another story however, with the analysts predicting a sharp downturn.

Solar Frontier to supply world’s biggest CIS/CIGS project

Japanese thin-film producer Solar Frontier has announced today that it will supply a 100 MW Californian power plant. The company has already delivered 26 MW Catalina Solar Project, in Kern County, California, which is set to become the world’s biggest installation of its kind.

New York City-area firms receive $30 million for solar projects

Forget New Jersey. The solar industry is “in a New York State of mind,” to paraphrase singer Billy Joel, now that two government agencies have launched a five-year, USD150-million initiative to fund new large-scale photovoltaic (PV) power projects in the region.

Global solar investment surges ahead

New figures from Bloomberg Energy Finance have shown that while the global economy remains sluggish, clean energy and solar in particular, continues to attract investment.

German equipment sales increase

Capturing a global market share of 50 percent, German equipment manufacturers have recorded year-on-year sales increases of 10 percent for the third quarter 2011, according to VDMA figures. Demand from Asia remains the overwhelming trend.

REC reports contract termination payments

Norway-based solar company Renewable Energy Corporation has today reported wafer contract cash compensation in the order of NOK200 million (USD33.32 million). The payments will be received in the first quarter of 2012.

California: 700 MW of PV projects approved

The Californian Public Utilities Commission approved today approved five renewable energy contracts worth 1,088MW. Three of the agreements were signed with Southern California Edison and Solar Star California–which is subsidiary of SunPower–for the Quinto, AVSP I and AVSP II photovoltaic projects, collectively worth 711 megawatt (MW).

Q-Cells: negotiations with bond creditors put on hold

EXCLUSIVE: The payment of a bond, which is soon to be due, is being delayed by a complaint against the chosen representative of creditors. The repayment amounts to approximately €200 million, that becomes due at the end of February.

UK: judgment postponed on High Court FIT appeal

In the case that all the solar industry in the UK will be watching closely, judges at the Court of Appeals said today that they will deliberate on the government’s appeal against the High Court’s recent findings that its cuts to the photovoltaic feed-in tariff (FIT) rates were unlawful.

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