PV more profitable than onshore wind in Germany
Although PV installations in Germany produce less electricity than onshore wind installations, they generate “significantly higher profits,” according to a new report by the Fraunhofer Institute.
ReneSola sells 40 x 2 kW energy storage systems to Think Green Energy
ReneSola Ltd, a leading brand and technology provider of solar photovoltaic (PV) products, has delivered 30 2 kW energy storage systems to a national distributor in Chelmsford for onward sale to Essex installation company Think Green Energy. A further 10 units are on order for the use of Think Green Energy customers in the south east of England.
SunPower breaks ground on 135 MW Quinto Solar Project
CEO Tom Werner says SunPower’s ownership strategy provides it with a return on investment from its technology while reducing the risk to potential buyers if it later sells the plant.
German court opens insolvency proceedings against Photon Holding
The District Court of Aachen has opened the main insolvency proceedings against the group due to its inability to meet its liabilities. Preliminary proceedings began in June at the request of a creditor.
Direct Energy acquires US residential installer Astrum Solar
By acquiring the eighth-largest residential solar installer in the United States, Direct Energy and parent company Centrica plc have moved into the U.S. solar PV market. This is part of a trend of acquisitions in this space.
Industry responds to US anti-dumping ruling
Steep duties imposed by the Department of Commerce criticized by both CASE and SEIA, but SolarWorld applauds decision to ‘level the domestic playing field’.
UK: Wind could decide future of utility-scale solar, says IHS
Under the new CfD scheme, solar plants over 5 MW could enjoy an early advantage while the ROC is still applicable for onshore wind projects.
One of Australias largest PV companies goes under
Queensland-based Ingenero appears on the path to bankruptcy, after being placed in administration late last week. Official documents show that the move has occurred after it was unable to pay a U.S. creditor.
SolarReserve signs power contract for 20 MW solar PV plant in El Salvador
El Salvador has awarded a power purchase agreement (PPA) to SolarReserve for the output of a 20 MW project, as part of a competitive solicitation under which 94 MW of PV projects were awarded. These projects are part of a solar boom in the region.
Comtec Solar to double Malaysian production capacity
The Chinese wafer producers will expand capacity at their Sarawak plant from 300 to 600 MW as the company finalizes two supply deals with U.S. companies.
