Algeria plans over 3 GW of solar
Algerian state-owned company Sonelgaz intends to deploy more than four GW of renewable energy in Algeria within the next decade, most of which will comprise solar power.
LDK Solar terminates wafer supply contract for $33.4 million
LDK Solar has agreed to terminate a long-term solar wafer supply contract with Japan-based Sumitomo Corporation. As a result, Sumitomo will pay LDK US$33.4 million.
Solar exit costs Siemens 250 million
Siemens’ exit from the photovoltaics and solar thermal industry is expected to cost the electronics giant 250 million this year. Since 2009, the Munich-based company has invested around 800 million in its solar business.
China: LDK partners with coal producer; appoints new CEO
China-based LDK Solar has, according to reports, entered into a partnership with state-owned coal producer China Pingmei Shenma Group under which it will develop photovoltaic projects in Chinas Henan province. The company has also announced the appointement of a new CEO.
PV contribution reaches 6% in Germany
The share of solar power in Germanys energy mix has risen 50% on the back of increased photovoltaic installation activity and a high number of sunshine hours. Overall, the contribution of renewable energy in the country grew in the first nine months of 2012.
PV on the campaign trail Down Under
New residential solar market research in Australia was released yesterday, challenging the oft-repeated claim that photovoltaic support programs like FITs are “middle class welfare,” and are taken up by middle or upper income households.
Solon establishes solar JV in Israel
Solon Energy GmbH has established a joint venture with Israel-based Elco. The new company already has two photovoltaic projects under construction, and is hoping to work on a further 200 MW in the country.
Sonora Energy unveils ambitious Mexican PV plans
Sonora Energy Group de Hermosillo (SEGH) is currently working on a 39 MW photovoltaic plant in Mexico. If all goes to plan, it should begin supplying electricity to the Mexican grid by the end of next August. Overall, the group is planning a number of photovoltaic projects in the country.
First Solar reduces 2012 net sales guidance; ups EPS forecast
First Solar Inc. has reported its Q3 financial results. By all accounts, the thin film photovoltaic manufacturer recorded a positive quarter, leading it to up its FY EPS guidance. Net sales guidance has been slightly lowered, however.
Croatia ups PV quota
The Croatian government has voted to increase the existing quota for photovoltaic capacity eligible for feed-in tariffs (FITs) from 15 MW to 45 MW in 2013. Overall, it expects to meet its 2020 quota of 45 MW of installed capacity by next year.??
