'No More Solyndras Act' advances, as sticks and stones are aimed at DOE loans
Led by Chairman Fred Upton (RMichigan), on August 1, the U.S. House Committee on Energy and Commerce effectively voted “aye” on Department of Energy (DOE) loan guarantees for nuclear and fossil fuel programs, but “nay” to further support for solar and wind energy.
Aleo solar lowers revenue guidance
German company aleo solar has reported that its revenue the first half of 2012 has fallen by 28.3 percent, compared to the first six months of 2011.
Mixed Q2 results from Chinese manufacturers
Preannouncements of financial results in Q2 have revealed a mixed bag from Chinese manufacturers, which are facing tariffs on their products in the U.S. and potential anti-dumping measures in the E.U.
US: Bancorp and National Cooperative Bank jointly finance 8 solar projects
US$64.4 million in funds will be used to finance the photovoltaic projects that Borrego Solar Systems will develop. The projects are to be found at municipal landfills and at a school district.
Schüco exits thin film business
The thin film crisis has hit Schüco. The company has said it will permanently stop thin film module production, and research and development.
US: ECD and USO liquidation plan confirmed
US Bankruptcy Court for the Eastern District of Michigan has confirmed the liquidation plans for Energy Conversion Devices (ECD) and United Solar Ovonic LLC (USO). USO is known for its Uni-Solar brand.
Polands KGHM to produce solar cells
Polands leading copper and silver miner, KGHM Polska Miedz has announced plans to produce solar cells, according to the companys chief executive Hubert Wirth.
233 MW Solar 4 All scheme in New Jersey
A ground-breaking ceremony was held yesterday in Hackensack New Jersey, at a brownfield site that will be converted into a 1.06 megawatt (MW) solar farm. At the same time, local utility Public Service Electric and Gas (PSE&G), a subsidiary of PSEG, has applied to the New Jersey Board of Public Utilities for approval the expansion of its 233 MW “Solar 4 All” solar loan program.
BMW heir to take over 94 percent of Solarwatt
Solarwatt CEO, Detlef Neuhaus says that BMW heir Stefan Quandt will guide the company’s restructuring as the “anchor investor”. Not all jobs can be retained though.
Philippines approves FIT
After a lengthy process, the Philippines Energy Regulatory Commission (ERC) has approved feed-in tariffs (FITs) for a number of renewable energy sources. For photovoltaics, a FIT of PhP9.68/kWh (US$0.23/kWh) has been announced.
