Singulus launches financial and strategic restructuring
Given the big losses it occurred in 2014, equipment supplier Singulus is accelerating its shift in strategy and offering a debt-for-shares swap to bond holders. The measures are on the back of more than $50 million in losses in 2014.
The pv magazine weekly news digest
SolarCity invests big in commercial rooftops, Tesla teases its new solar battery and SPI takes o a major stake in ZBB Energy while while China is now on track to hit 20 GW this year: pv magazine sums up the weeks news.
IUSASol taps IdeemaTec trackers for 21 MW project in Mexico
The German company says its single line tracker design with no connections between rows are the perfect solution for the non-rectangular and hilly fields common in Mexico.
Kingspan launches US solar energy company
The Irish group has expanded to the U.S. market, launching solar energy solutions provider Kingspan Energy, which will focus on 150 kW to 5 MW PV installations for the commercial and public sectors.
Trina sets new efficiency record for multi-crystalline silicon modules
The latest achievement marks the first time that a multi-crystalline Silicon PV module has reached an efficiency higher than 19%. Trina’s multi-crystalline Honey Plus solar cells, the brand name for the company’s PERC solar cells, are now in mass production.
German official: Bids for ground-mounted installations at 9-10 eurocents
Speaking at an event hosted by the German Engineering Association, Rainer Baake , state secretary at the Federal Ministry for Economic Affairs and Energy, confirmed for the first time the prices for the new pilot tenders for ground-mounted systems. Describing the transition to a tender system as a success, Baake said the time era of the feed-in tariff was over.
Inside the Singulus repositioning and debt restructuring
Germany’s Singulus is one of the European and North American PV equipment suppliers that has had a difficult time in recent years. The company on Friday announced a restructuring of its debt and an acceleration of its move into new markets. pv magazine spoke to Singulus CEO Stefan Rinck.
US: Solar hits over 1% of utility-scale generating capacity
The latest data from the Federal Energy Regulatory Commission (FERC) shows that renewable capacity clearly dominates the new power plants being added in the U.S. Over 75% of U.S. large-scale electrical generating capacity came from wind, solar, geothermal and hydropower in the quarter.
A flood of bids in Germany's first round of PV tenders
German authorities have reported 170 bids in the country’s first call for tenders. The 150 MW tender volume was oversubscribed many times over. The contract awards will be announced within the next few days.
Utilities in New Jersey pursue 80 MW of solar approvals
Atlantic City Electric, Jersey Central Power & Light and Rockland Electric Company seeking proposals for solar PV projects in order to secure Solar Renewable Energy Certificates.
