Californias Palo Alto introduces solar FIT program
A new program, called Clean Local Energy Accessible Now (CLEAN), has been introduced in the city of Palo Alto, California, the U.S. Under it, locally-produced solar energy will receive a fixed rate of remuneration.
Centrotherm to transfer German thin film operations to Asia; 400 jobs to go
Having suffered significant losses in 2011, despite a successful start to the year, centrotherm photovoltaics AG has unveiled a new program designed to cut costs and refocus its business. The aim is to place more emphasis on crystalline silicon. 400 jobs will be cut.
Canadian Solar hits shipping guidance; records declining income
Canadian Solar may have weathered the 2011 solar storm better than many of its peers, but it still recorded significant fourth quarter (Q4) and full year (FY) losses.
India and Iran to cooperate on renewable energy projects
Indian and Iranian energy ministers met in Tehran this week and have agreed to strengthen cooperation on renewable energy projects, with a special focus on solar power.
Middle Eastern off-grid PV garnering unwanted attention
Photovoltaic installations, many funded by European companies, are being torn down in the West Bank’s Masafer Yatta. pv magazines Middle Eastern correspondent, Ruth Michaelson discusses the situation.
Green islamic fund initiative launched
Shari’ah compliant investment securities, sukuks, are to be made available for renewable energy projects such as photovoltaics. A Green Sukuk Working Group has been established to identify such investment opportunities.
Thin film industry association launched
A collection of six companies manufacturing thin film photovoltaics has formed an industry coalition called PVthin. The association aims to promote the benefits of thin film technologies and represent the industry segment in public policy debates.
Q-Cells announces devastating 2011 preliminary financials
Having suffered at the hands of the weak solar market conditions, Germanys Q-Cells has reported very weak 2011 preliminary financials. The companys EBIT has been particularly hard hit, due to a number of impairments incurred.
Guggenheim Partners appointed financial advisor to Greece's Project Helios
U.S.-based financial services firm, Guggenheim Partners has been officially appointed strategic and financial advisor to Greeces planned 10 gigawatt (GW) Project Helios.
Microsol forms Solon Energy GmbH
Less than a week after it was disclosed that UAE-based solar cell manufacturer, Microsol, had taken over the insolvent Solon, it has been announced that Solon Energy GmbH has been established.
