Photon Publishing takes over insolvent Photon Europe
With retroactive effect as of February 1, the newly established Photon Publishing company has taken over the business operations of Photon Europe. Creditor approval is still pending, however.
Germany: Altmaier lays out timetable for EEG changes
Germanys Federal Environment Minister is holding fast to his proposal for “electricity price protection in the EEG”, despite fierce criticism from within his ranks, opposition parties and environmental groups. Now he wants to find a compromise with FDP leader and Economics Minister, Philipp Rösler.
US: Bosch and aleo announce $100 million solar funding
Bosch and subsidiary, aleo solar have announced that US$100 million in funding will be made available for commercial and residential solar projects in North America.
Power-One and Panasonic unveil energy storage collaboration
U.S.-based Power-One, Inc. and Japans Panasonic Corporation have announced that they will work together on the development of energy storage systems and the large-scale utility and commercial photovoltaic inverter business.
Construction underway on OCI Solar Powers 400 MW PV project
The first phase of construction is underway on OCI Solar Powers 400 MW photovoltaic project, located in Texas, the U.S. It is scheduled for completion at the end of 2013.
380 jobs in question at Isofotón; suppliers step up the pressure
Isofotón is currently drawing up a staff restructuring plan at its Malaga factory in Spain. 380 employees will be affected. Meanwhile, supplier Lamaignere has said Isofotón owes over seven of its suppliers more than 3 million.
Insolvency proceedings officially open for Photon Europe
Insolvency proceedings against Photon Europe have been officially opened in Aachen, Germany. A spokesperson for the liquidator said intensive discussions are underway with a potential investor. How much money the creditors will receive back is unclear.
Opinion: Germanys Federal Environment Minister cannot halt solar development
Last week, the German Federal Minister for the Environment announced the surprise proposal to introduce a so-called “electricity price protection”. This would be catastrophic for the development of renewable energies. However, the chances of success for his proposal are quite limited.
Isofotón denies insolvency rumors
Spanish Logistics Group, Lamaignere has reportedly brought a group of companies together to request the opening of insolvency proceedings for Isofotón. A spokesperson for the photovoltaics company says it has received no notice of this action and that Isofotón is both “viable” and “solid”.
Solar glass anti-dumping compliant filed in Europe
EU ProSun Glass, led by GMB Glasmanufaktur Brandenburg GmbH, has filed an anti-dumping complaint with the European Commission against Chinese solar glass manufacturers exporting product to Europe.
