Indonesia: Pertamina seeks to develop PV
Indonesian state oil and gas company, PT Pertamina will collaborate with P T LEN Industry to establish an integrated PV industry in the country.
Spain: Rajoy plans to raise cash from renewables
Spanish Prime Minister, Mariano Rajoy has told his parliament that tax hikes for the renewable energy sectors would be part of the solution for the 65 billion deficit in the country. He made this statement at the address yesterday, where he called on Spaniards to back the measures that would aid Madrid in cutting its budget deficit through to 2015.
Arab ACWA Power acquires 42% of Bulgarian PV plant
Saudi Arabian water and power developer ACWA Power has partnered with an affiliate of First Reserve Energy Infrastructure Fund and Clean Energy Transition Fund to acquire a PV plant in Karadzhalovo, Bulgaria.
Pike Research joins Navigant
Navigant, a global expert services provider, has acquired Pike Research, expanding its energy research and market intelligence offerings.
IBC Solar passes the 2 GW mark
German photovoltaic company, IBC Solar has announced that by the end of June this year, it had implemented a total rated output of two GW worth of solar. Back in March, the company delivered its 10 millionth solar module.
Centrotherm: Proposal approved by district court
The district court in Ulm has approved the proposal handed in by centrotherm photovoltaics AG, which requested self-administrative insolvency.
Centrotherm files for Chapter 11 insolvency protection
Yet another German company has been forced to file for insolvency protection. Centrotherm photovoltaics AG announced that it has submitted an application to file for self-administrative insolvency. Despite this, business is said to be continuing as usual.
US: PV installers emerge as "favorable" investment area
Solar M&A activity in the U.S. has tailed off this year compared to 2011, according to the latest figures. Despite this, photovoltaic project installers have reportedly emerged as a favorable investment area. Furthermore, energy storage M&A activity is said to have enjoyed strong growth.
Global solar investment strong, says BNEF
Investment in the solar industry continues to grow, despite continued economic pressure. Publishing its latest findings, BNEF said that of the US$59.6 billion invested in the global clean energy sector in the second quarter (Q2) of 2012, solar accounted for $33.6 billion. Meanwhile, the importance of small-scale projects is said to be increasing.
$2 million grant awarded to develop PV-integrated storage solutions
Satcon Technology Corporation, A123 Systems, Renewable Energy Services, and the Sacramento Municipal Utility District (SMUD) have been awarded US$2 million by the California Energy Commission to work on the development of storage technologies that will help reduce renewable energy power intermittency.
