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Markets & Policy

More than half world’s power to come from solar in 50 years

The International Energy Agency (IEA) has been reported by Bloomberg as saying that the majority of the world’s power will be produced by solar by 2060. What’s more, photovoltaic and solar-thermal plants may meet half of all energy needs by this date.

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Huge “Project Helios” plant planned for Greece

The International Herald Tribune (IHT) in Greece has reported that a “mammoth” 10 gigawatt (GW) solar plant is being planned for Greece. The project would be driven by investment from Germany.

LDK Solar posts Q2 loss but "expects growth" in 2011

Vertically integrated photovoltaic manufacturer LDK Solar has announced its second quarter (Q2) financial results that included a USD $47.9 million operating loss, representing -9.6 percent operating margin. However, with recently improving order patterns and stabilizing prices the company expects a resumption of growth in the second half of 2011.

Germany: PV generation overtakes hydropower for the first time

In the first half of 2011, renewable energy broke a new record, having met more than 20 percent of Germany’s electricity demand. Also for the first time, photovoltaic generation overtook hydropower.

SpectraWatt files for bankruptcy just months after laying off workers

According to various media reports, solar cell manufacturer SpectraWatt Inc. has filed for bankruptcy. The news comes just months after the company laid off over 100 employees.

GT Advanced Technologies acquires Confluence Solar

GT Advanced Technologies Inc., formely known as GT Solar, has acquired Confluence Solar Inc. for USD$80 million.

Japan: Renewable energy signed into law

While details of the scheme are pending, photovoltaics looks set to receive a major boost in Japan with a renewable energy bill passing through the upper house of parliament today. Analysts Jefferies predict solar to be the big winner under the scheme and said that the law, “will become an eventual feed-in tariff (FIT).”

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REC extends PV production shutdown

REC has extended its photovoltaic production shutdown in Norway until the end of the year.

Hanwha SolarOne posts Q2 loss

In another sign of a tough photovoltaic market, Chinese cell and module manufacturer Hanwha Solar Co. has posted a small loss for the second quarter (Q2) of 2011. Reduced gross profits and increased operating expenses were blamed for the RMB32.3 million (USD$5 million) loss.

Roth & Rau sells off CTF subsidiary

Roth & Rau has sold its Roth & Rau CTF Solar GmbH (CTF) subsidiary off to an unidentified Chinese manufacturer. The financial sum was not disclosed.

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