Suntech takes over GSF fund ownership
Suntech Power Holdings Co., Ltd has reached a settlement regarding its fraud dispute with GSF Capital Pte Limited (GSF Capital). A part of the agreement has seen the Chinese photovoltaic manufacturer taking over ownership of the GSF Fund.
Financial markets "endorse" Obama DOE and EPA nominees
In Washington, DC, this week, Department of Energy (DOE) Secretary Steven Chu and Environmental Protection Agency (EPA) Secretary Lisa Jackson officially vacated their seats in the Cabinet, leaving considerable baggage behind. The new nominees have been met with general approval, however.
Suntech exec chair swap branded "misconceived and unlawful"
Suntechs decision to replace founder and former CEO, Zhengrong Shi, with Susan Wang as executive chair of the Chinese companys board of directors has sparked an internal management struggle. Shi has branded the move both “misconceived and unlawful”. The news comes in the same month as Suntechs US$541 million bond payment.
Mexico: Work on 27 MW PV plant underway
Mexicos energy regulator, Comisión Reguladora de Energía (CRE) has issued a small producer generation permit to Grupotec Energy de Mexico for a 27.56 MWp photovoltaic farm. The generated electricity will be sold to the federal power company, Comisión Federal de Electricidad (CFE).
Italians plan PV parks and production facilities for Brazil
Astra Energia is planning to install at least 50 MW worth of photovoltaic parks in Brazil. Meanwhile, Real Watt Solar aims to invest US$376.5 million in the establishment of two photovoltaic manufacturing facilities.
Welspun achieves financial close on 130 MW Indian PV project
Welspun Energy Ltd has closed financing worth INR 8.85 billion on its 130 MW photovoltaic project, located in Madhya Pradesh, India.
Operations begin on 26 MW Borrego PV plant in California
Commercial operations are now underway on NRG Energy Inc.s 26 MW photovoltaic plant, located northeast of Borrego Springs, in California, the U.S. The generated electricity is being sold to San Diego Gas & Electric (SDG&E ) under a 25 year PPA.
Greece adds 300 MW of PV capacity in January
According to the latest figures, 300 MW of newly installed photovoltaic capacity was added to Greeces grid in January. Meanwhile, new forecasts estimate 2.58 GW and 2.82 GW of cumulative capacity at the end of 2013 and 2014, respectively.
SolarWorld kicked out of Germanys TecDAX
Germanys stock exchange has reorganized its indices. From the middle of the month, SolarWorld AG will be removed from the TecDAX.
Inverter buyer survey: Storage seen as key
An inverter buyers survey conducted by IHS Inc. revealed that there is a growing need for energy storage in PV systems. More than 400 global PV inverter customers responded to the survey, of which a third expect to be using energy storage in over 40% of the PV systems they install by 2015.
