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Members of the European Parliament at a plenary debate yesterday stated that they expect the European Commission to speed up its investigation against the Chinese price dumping allegations. EU ProSun made this statement in a press release today.

For some time speculation has swirled around LDK Solar, about whether its huge debts will prove too great a challenge for the vertically integrated photovoltaic manufacturer. In a sign that issues may be coming to a head, media reports have been published indicating that the company is being sued by Shanghai Rural Commercial Bank.

In a new study, AFASE has laid out the consequences it expects anti-dumping and anti-subsidy duties on Chinese photovoltaic manufacturers in Europe will have. Expected European-wide is a fall in demand, job losses and price increases.

Germany-based CIC Group has announced that it will work on photovoltaic projects for LDK Solar. It will also act as a distributor for the Chinese manufacturer.

Germany’s federal Energy Minister, Peter Altmaier has opened the 13th Forum Solarpraxis. In his speech, he linked his political fate with the success of the energy transition. In the coming week, Germany’s first EEG dialogue on photovoltaics is expected to take place.

The maturing photovoltaic markets in Germany, Spain, France and Italy, and recent feed-in tariff cuts in a number of key markets have prompted solar investors to look for new opportunities in south east European (SEE) nations and Commonwealth Independent States (CIS). Ukraine is presenting one logical and very interesting investment alternative.

A new report, released today by Frost & Sullivan, has predicted that venture capital (VC) funding to renewable energy technologies is set to triple by 2020. The analysts report that this is due to, “environmental support for lower carbon footprint, and innovation in renewable energy technologies.”

Meyer Burger Technology Ltd has announced it will cut around 250 jobs across the group. The Swiss company has already reduced its workforce by around 500 this year. The challenging photovoltaic market conditions have been cited as the reason.

The first 125 to 160 MW phase of the 500 MW Ouarzazate solar project has secured €345 million in funding from Europe. It is expected to be operational by 2015. Meanwhile, sources report that a US$1 billion PPA has been secured for the project.

The Georgia Public Service Commission (PSC) has approved Georgia Power’s Advanced Solar Initiative (GPASI). Overall, the utility aims to acquire 210 MW of solar power over the next two years.