Sunways: Banks cancel $8.6 million credit
In light of the continuing downturn in the European photovoltaic industry, yet another negative announcement was made today by a German company. Banks have cancelled their line of credit worth US$8.6 million to LDK Solar subsidiary Sunways.
Database of US solar performance launched
The U.S. Energy Department has launched an anonymous open source database of the long-term performance of solar projects across the country.
Germany: A brake on Altmaier's "electricity price protection"
The German government has made it official: The proposed “strompreisbremse” or electricity price protection as it is loosely translated, will not materialize since both the states and federal government have failed to come to an agreement. The brake on rising electricity prices is not expected until the next elections in September.
ABB acquires Power-One [Updated]
Power and automation technologies giant ABB has announced the acquisition of Power-One. With this move ABB secures its new position as one of the leading global suppliers of solar inverters.
EU plans renewables-friendly grid expansion to 2050
The need to incorporate solar and other renewables into the European electricity grid network has prompted the launch of the e-Highway2050 project.
Owners seek to downsize Blythe solar project
The new owners of the 1 GW Blythe Solar Energy Project in Riverside County, California, want to downsize the scheme to 485 MW.
Germany: Consortium of banks finance 128 MW of PV
A consortium of banks, led by German institutions Bayerische Landesbank and UniCredit will invest 200 million (US$ 260.8 million) in eight solar parks with a total capacity of 128.9 MWp.
Germany: Belectric grid connects 128 MW thin film PV plant
Project developer and integrator Belectric has announced the completion of a 128 MW thin film photovoltaic plant in Brandenburg, Germany. The company claims that it is the largest power plant in Europe to have been supplied with First Solar modules.
India: Guidelines for selection of 750 MW grid-connected PV projects
The Ministry of New and Renewable Energy (MNRE) has released the draft guidelines for the second phase of batch 1 under the Jawaharlal Nehru National Solar Mission (JNNSM) to set up 750 MW of grid solar PV power projects. Comments and suggestions have been requested by the end of April to facilitate the finalization of the guideline.
Westinghouse Solar to debut in Australia
The pending merger between U.S. rooftop solar designer and manufacturer Westinghouse Solar and Australian renewable energy company CBD Energy will see Westinghouse products sold in the Australian market.
