Lawsuit threatens SolarWorld liquidity
The ongoing lawsuit over polysilicon agreements between a SolarWorld subsidiary and Hemlock Semiconductor Corporation is threatening the German solar giants liquidity. The company was dealt a blow last week, when a motion to reconsider a decision on antitrust defenses was denied by a U.S. court. After shares tumbled yesterday, it issued a statement saying the decision is not a final ruling on the case. It has, however, previously acknowledged that if it must repay the US$676 million, its existence could be “threatened.”
Recurrent Energy secures financing for 60 MW Californian PV project
Recurrent Energy has secured financing for a 60 MW solar PV project currently under construction in California. Commercial operation is scheduled for Q3 2016.
Germany: Renewables likely to cover 33% of 2015 gross power consumption
According to a new figures, renewable energy is set to cover around 33% of Germanys gross energy demands this year, or 193 billion kWh, up a fifth on 2014. PV and wind are the main contributors.
United PV acquires 100 MW PV plant in China
United Photovoltaics Group Limited has acquired a 100 MW solar PV project from Hubei Jingtai Photovoltaics Power Company Limited for around US$134 million. Following the acquisition, Hubei Jingtai became a fully-owned subsidiary of United PV.
From the Mag: A selection of stories from the November issue
Trackers, inverters and storage solutions: solar’s worth is measured in more than modules and cells, and this month’s issue tackles the key themes and trends shaping those industries that support solar PV.
EBRD to provide up to $250 million in renewable energy financing in four MENA nations
The European Bank for Reconstruction and Development (EBRD) says the program will support power contracts between developers and private off-takers in Egypt, Jordan, Morocco and Tunisia.
Smart and AC module market to grow nine-fold by 2020
GTM Research predicts that integrated smart and AC modules will not only benefit from growth in the larger module-level power electronics market, but will gain a larger share of that market over the next five years.
NEXTracker hits 100 MW weekly shipments for advanced solar trackers
The California-based solar tracker specialist confirms that its advanced solar trackers are now being shipped in volumes in excess of 100 MW a week globally.
Germany: Just 127.5 MW of PV registered in September
Just 127.5 MW of solar PV were registered in Germany in September. Of this, just 45.13 MW were actually grid connected, with the remaining 82.37 MW comprised delayed registrations.
Merkel calls for continuation of MIP
During a state visit to China, German chancellor Angela Merkel has reportedly called for an extension of the EU minimum import prices (MIPs) and import duties imposed on Chinese solar PV manufacturers.
