Draker and SPTI announce merger; raise $8 million in equity
Solar monitoring and asset management solution provider, Draker and Solar Power Technologies, Inc. (SPTI) have completed their merger. The new, combined company has also announced the closing of US$8 million worth of equity.
Automated demand response key to intermittent renewables
Automated demand response, or AutoDR could cost-effectively help combat intermittent renewable energy supply, particularly in light of the current high costs of grid-connected storage batteries.
Sovello abandons production
From the end of August, the insolvent Sovello will stop all production on its photovoltaic product assembly lines. Almost all of the employees will be terminated. Meanwhile, investor discussions are said to be difficult.
Trina sees significant Q2 net loss; revises FY shipment guidance
Industry overcapacity and demand constraints have been attributed to Trina Solars flailing Q2 2012 financials. In addition to recording a significant net loss, the companys revenues fell and operating expenses increased. Meanwhile, for the FY 2012, it has revised its shipment guidance downwards.
Switzerland cuts PV tariffs for a third time
Photovoltaic feed-in tariffs (FITs) in Switzerland will be reduced for a third time this year, from October 1.
NY signs legislation to boost solar development
New York Governor, Andrew M. Cuomo has signed a series of bills, which aim to boost the uptake of solar in the U.S. state. Overall, 3 measures have been introduced: tax credits; sales tax exemptions; and real property tax abatement extensions.
Chinas polysilicon producers urge EU dumping probe
Four Chinese polysilicon producers have urged the Chinese government to initiate an anti-dumping and anti-subsidy investigation into European imports of solar grade polysilicon, according to reports.
India accuses US of "ruining" domestic PV industry
Indias Centre for Science and Technology (CSE) has launched a scathing attack on U.S. photovoltaic manufacturers, claiming they are “ruining” Indias domestic photovoltaic manufacturing industry by taking advantage of the US$30 billion Fast Start Finance Fund.
Juwi exits German PV rooftop business
Germany-based juwi has said it will not build any more photovoltaic rooftop systems in Germany. The decision will affect around 60 to 80 employees, who, it is hoped, can be incorporated in other areas of the project designer’s business.
Japan: Orix to install 200 MW of solar
According to reports, Japan-based Orix Corp. will invest a total of 54 billion yen, or US$680 million in the installation of 200 MW of solar projects.
