133 employees affected by Global Solar insolvency
On Monday, the German subsidiary of Global Solar Energy, Inc. filed for insolvency. In an updated statement, the company has announced that its 133 Berlin workers salaries will be protected by an insolvency fund. Meanwhile, the search for an investor is on.
Optimism and criticism aimed at Germanys new PV subsidies
Germanys Environment Minister is optimistic an agreement on the countrys EEG will be reached soon. Subsidies for photovoltaic plants have, furthermore, not been completely ruled out. However, criticism has arisen from the CDU party. Like the Liberals, they believe a market cap should be introduced.
Germany: Bundestag approves new PV subsidy program
The Bundestag has accepted the new EEG (renewable energy law), just hours after Germanys mediation committee reached a compromise on photovoltaic subsidies. Only the Left abstained, as all other parties voted in favor of it.
Amendment: Higher subsidies will not yet be imposed on Chinese PV suppliers
The U.S. Department of Commerce (DOC) has said that “several” subsidy programs in China have been found to be countervailable. These findings, however, have not impacted on the original preliminary countervailing duty (CVD) rates announced in March.
US: Solar Millennium projects find investors
Investors have been found for two of Solar Millenniums biggest photovoltaic projects. NextEra Energy Group and BrightSource Energy Group have each taken over a project and say that they intend to continue on with work “soon”.
Abound Solar to close
According to GTM Research, U.S.-based, Abound Solar is set to close its doors, thus bringing more embarrassment to the U.S. Government, which supplied the cadmium telluride (CdTe) thin film module manufacturer with a $400 million Department of Energy (DOE) loan guarantee.
Schott Solar will stop crystalline PV production in Mainz
According to newspaper reports, Schott Solar AG will stop producing its crystalline silicon photovoltaic products in Germany this October. After this, just the company’s product development and headquarters will remain in Mainz.
Singapore: Five solar research projects awarded grants
The Energy Innovation Programme Office (EIPO) in Singapore awarded research grants worth S$11 million (6.8 million) to five research teams under the fifth grant call of the Clean Energy Research Programme.
Trade case: Higher CVD rates applied to Chinese PV manufacturers
Three months after making its preliminary countervailing duty (CVD) determination, the U.S. Department of Commerce (DOC) has reportedly upped the rates Chinese photovoltaic manufacturers will have to pay for exporting their cells to the U.S.
Germany: More FIT details emerge
More details have emerged over what the photovoltaic industry can expect to see in Germanys new EEG (renewable energy law). The Environment Ministry has refused to comment on the speculation before the next meeting of the mediation committee, to be held today, however.
