Abound Solar: 3-pronged criminal investigation launched
Already financially reeling following bankruptcy, Colorado-based Abound Solar has now fallen afoul of the law. In a statement released on October 25, the Weld County District Attorneys Office in Colorado, acknowledged that its Investigations Unit is conducting a probe into “possible securities fraud, consumer fraud and financial misrepresentation.”
NRG- GenOn merger approved
The merger between NRG Energy Inc. and GenOn Energy Inc. has been sanctioned by the Public Utility Commission of Texas (PUCT). There are still a number of other approvals to be received, however, before the transaction can be completed.
Italys TerniEnergia unveils South African plans
In addition to setting up a South Africa subsidiary, Italy-based TerniEnergia will install a 9.5 MWp photovoltaic plant at Upington airport.
Germany: Schüco to pay 8.6 million back to Saxony-Anhalt
Schüco International KG has to pay back 8.6 million to the Saxony-Anhalt Ministry in Germany, following the closure of its thin film photovoltaic module manufacturing facility in Osterweddingen.
China lifts nuclear moratorium
Having placed a moratorium on the development of nuclear reactors in the country following the Fukushima disaster in Japan, China has announced it will again start building nuclear plants. Photovoltaic opportunities have also been identified.
PV equipment upgrades and differentiation key to manufacturers survival
A new report has identified a number of opportunities for photovoltaic equipment manufacturers to turn a profit. The key is product differentiation, according to the author, who states that photovoltaic manufacturers with idle capacities cannot afford to not upgrade their production equipment. Meanwhile, Germanys grip on the market is said to be slipping.
China: LDK sells 3 PV plants to Henan Xindaxin
LDK Solar has sold three of its photovoltaic rooftop plants in China to Henan Xindaxin Materials Co. for RMB 140 million (US$22.3 million; 17.3 million).
BIPV worth $7.5 billion in 2015
A report into the global building-integrated photovoltaic (BIPV) market forecasts it will more than treble to be worth over $7.5 billion in the next three years.
Centrotherm unveils insolvency plan
Centrotherm photovoltaics AG has announced its intention to fine-tune its insolvency plan with its creditors. The plans call for a capital reduction, and subsequent capital increase.
US: First phase of 250 MW CVSR PV project online
The first 22 MW of solar-generated electricity is online at the 250 MW California Valley Solar Ranch (CVSR).
