PV market pickup forecast for 2H 2013
New photovoltaic installations worth over 31 GW are predicted for 2012, despite continuing overcapacity and price declines. Forecasts are that the global industry will return to growth in Q2 2013, and will regain lost ground in Q4.
Construction to begin on 1 GW Serbian PV project
A one GW, 1.75 billion photovoltaic project has received the green light in Serbia, after the government and project developer, Securum Equity Partners & Associates signed a binding framework agreement on October 25. Construction is scheduled to begin next April.
Singulus announces job cuts in solar sector
Singulus Technologies has announced it will reduce its solar workforce in Fürstenfeldbruck, Germany, by 40% by the end of 2012, on the back of a market decline for silicon solar cells. The company will expand its thin film operations, however.
Chile: Sky Solar breaks ground on 18 MW PV project
China-based Sky Solar has received governmental go ahead to construct an 18 MW photovoltaic plant in Chile. In a ceremony held last week in Chiles northern Arica y Parinacota, the National Assets Ministry approved the land for the Arica 1 project.
Enerparc completes 52 MW PV project in Germany
Enerparc AG has completed and grid connected a 52.7 MWp photovoltaic park in Germanys Brandenburg.
Dow Corning affected by oversupply and depressed prices
Dow Corning Corp.s Q3 2012 financial results have been significantly impacted by polysilicon oversupply, depressed prices and solar uncertainty.
Peru: 44 MW of PV inaugurated
President Ollanta Humala has inaugurated two photovoltaic plants, Repartición and Majes, worth 44 MW in the Majes and La Joya districts of Peru.
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.
