GCL nets $46 million for its solar project subsidiary
Polysilicon maker GCL GoldPoly has issued a US$50 million convertible bond to raise finance for its CSPG subsidiary. The move bolsters Hung Chao Hong’s stake in the Chinese manufacturer.
Sunpower to supply 69 MW to Shimizu Corporation for installation in Japan
SunPower Corporation’s high efficiency E20/327 solar panels to be installed by Shimizu Corporation at the Eurus Energy mega solar power plant in Aomori, Japan.
Italy and Spain warned by EU over renewables
The southern European nations have been given two months to fully translate the EU renewables directive into national law. The news comes as Italy lurches into another Berlusconi-prompted crisis.
Chinese government offers PV manufacturers a helping hand
Solar product makers in China continue to reap the benefits of a government eager to prop up a troubled industry. Beijing is now offering tax rebates to manufacturers in an effort to assist the struggling sector.
$800 million transmission line for Rajasthan
The Asian Development Bank will supply $500 million towards the cost of a transmission line to carry solar power to state and national grids. The government of Rajasthan and Indian grid utilities will supply the remaining $300 million.
SUNOWE to construct 150 MW of PV plants as part of Chinese subsidy pilot project
The publicly listed Chinese PV company SUNOWE Photovoltaic will oversee the construction of 150 MW of solar power plants by 2015 as part of Chinas new subsidy program for industrial areas.
EDF Renewable Energy inaugurates 143 MW Californian solar project
The Catalina Solar PV plant, the worlds eighth-largest, was officially inaugurated over the weekend by its owners, French energy giants EDF Renewable Energy.
Germany: PV development continues to decline
Germany added more than 10,000 PV installations with a total capacity of 291.64 MW in August. Starting October, FITs for PV systems between 1 and 10 MW will fall for the first time below EUR 0.10 per kilowatt hour.
EU PVSEC conference draws crowds despite crisis
The 28th European Photovoltaic Solar Energy Conference and Exhibition kicked off on Monday in Paris. The scientific program has remained largely unaffected by the current crisis. The halls open on Tuesday for exhibitors.
Annual solar installations to outstrip wind for first time, Bloomberg says
Winds of change blow through renewable energy sector as installed solar power set to outdo wind in 2013, according to a Bloomberg New Energy Finance (BNEF) study.
