Conergy announces 2 settlement agreements
Following approval, four former board management members of Conergy will pay the German photovoltaic company over 6 million under a settlement agreement. Part of the funds are expected to be paid to investor plaintiffs under a second settlement agreement.
Germany: Storage test for the "energiewende"
A power-to-gas research project has been launched in Germany. A research network of institutes and companies will evaluate the capability of long-term storage technologies in a 100% renewable energy electricity scenario.
US: BLM issues regulation to facilitate solar right-of-way applications
The U.S. Bureau of Land management (BLM) has issued a regulation, which will provide solar and wind energy project developers with the possibility of right-of-way applications to temporarily give them the right to use public land. The aim is to prevent conflicts related with the appropriation of land for other purposes, like mining.
Canadian Solar Q1 shipments to exceed guidance
In issuing select preliminary Q1 2013 financial results, Canadian Solar Inc. expects its photovoltaic module shipments and gross margin to exceed previous guidance.
Fall in market share for top ten PV inverter suppliers
IHS has released its latest PV inverters quarterly report. Despite indications of industry consolidation, the top ten largest PV inverter suppliers saw their market share fall from 62% in 2011 to 56% in 2012.
Spain plans renewable energy cuts of up to 1 billion
According to reports, Spain is considering cuts to renewable energy totaling around 1 billion under the energy reform expected this June.
Centrotherm sells another subsidiary
Centrotherm has sold subsidiary GP Solar to German software company Isra Vision AG. Meanwhile, the company’s insolvency proceedings at the Ulm District Court are expected to be completed by the end of this month.
Solar stocks rally following tax advantage news
Solar stocks in New York rallied this month on the back of news that a bill introduced in the U.S. Congress would provide solar companies with a tax advantage enjoyed to date only by fossil fuel producers. The sector also received several votes of confidence that increased market momentum, including ABBs Power-One acquisition, and BNEFs elevation of Japan to the number-one market for PV installations.
PV module industry forecast to see 18% growth in 2013
IHS forecasts that global photovoltaic module production will grow 18% this year, to over 37 GW; and that OEM manufacturers will increase in significance. Meanwhile, it has identified the top 10 module suppliers by production of 2012.
Midsummer sells first CIGS line to EU manufacturer
Swedish CIGS equipment supply startup Midsummer has announced that it has sold its first turnkey system to a European customer. The sale was made in March with the system to be delivered in late 2013.
