All News

According to media reports, the Hanwha Group has said it is considering taking over Germany’s Q.Cells.

A bill passed on June 25 by the New Jersey State Legislature is designed to stimulate new demand for Solar Renewable Energy Certificates (SRECs) from load-serving entities (LSEs); spur additional distributed, grid-tied solar installations by homeowners and other private parties; and save industry jobs in the Northeast region.

New South Wales’ (NSW) Independent Pricing and Regulatory Authority (IPART) has recommended that the feed-in tariff (FIT) to be paid to businesses and households that feed photovoltaic-generated electricity back into the grid to be increased substantially for the Australian 2012/13 financial year.

Germany’s federal and state governments have agreed to a phasing out of funding and cuts in the country’s photovoltaic feed-in tariffs. It is expected that the Bundestag and Bundesrat will discuss and make a decision on the compromise this week.

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.

Germany’s Environment Minister is optimistic an agreement on the country’s 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.

The Bundestag has accepted the new EEG (renewable energy law), just hours after Germany’s mediation committee reached a compromise on photovoltaic subsidies. Only the Left abstained, as all other parties voted in favor of it.

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.

Investors have been found for two of Solar Millennium’s 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”.

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.