Greece sets new monthly PV record in June
Ninety seven MW worth of photovoltaics were installed in Greece in June, thus setting a new monthly record for 2012. To date, the country has installed 724 MW.
MOU signed to develop renewable energy on withdrawn US public lands
The U.S. Department of the Interior and Department of Defense (DoD) have signed a memorandum of understanding (MOU) to develop renewable energy, including solar, on public lands withdrawn for defense-related purposes.
Inventux saved by South American investors
The insolvent, Germany-based Inventux has been saved. More than half of the companys workforce will be retained.
North Africa: Maghreb countries are preparing for the solar sector
With its high solar radiation and growing demand for energy, North Africa is set to become a big future solar market. pv magazine spoke with expert Badr Ikken, director and co-founder of Moroccan-based National Institute IRESEN about the current situation in the region, and its potential.
Suntech fraud investigation prompts class action lawsuits; claims of forewarnings
Following the news that Suntech may have backed fictitious bonds, two class action lawsuits have been launched in the U.S. Meanwhile, media reports claim warnings were sent to the China Development Bank (CDB) urging it not to invest in southern Italy, due to the risk of fraud there. With an estimated debt of US$2.3 billion, there are fears Suntech will reach “breaking point” in 2013.
Tokelau: Worlds first 100 percent PV territory
The South Pacific territory of Tokelau is set to become the first territory to have its electricity provided entirely by photovoltaics. The archipelago is a dependent territory of New Zealand.
First Solar reports higher net sales
First Solar released its second quarter financial results for 2012 with net sales of US$957 million. This is an increase of $460 million from the first quarter and $425 million from the second quarter of 2011. First Solar attributes the better sales primarily to an increase in number and size of projects under construction.
ReneSola signs 8 MW Australian supply deal
Chinese manufacturer ReneSola announced today that it has signed an eight MW supply agreement with one of Australias largest solar specialist companies, True Value Solar.
Sovello: Situation worse than expected
According to the liquidator, the financial position of Sovello is far worse than feared. The former CEO, Reiner Beutel has resigned from his post. Despite this, operations will continue for the time being.
Chinese government responds to EU trade case
The Chinese Ministry of Commerce (MOFCOM) has responded to EU anti-dumping trade case against Chinese photovoltaic manufacturers. MOFCOM has claimed that the aggressive pricing of Chinese modules is a result of cost reductions, economies of scale and low polysilicon prices.
