IMS Research: Italian market set to decrease by over 40 percent in 2013
New research published by IMS Research indicates that due to a surge in installations, the money set aside for Italys fifth Conto Energia will be insufficient to fund the scheme, and the Italian market will effectively be operating without subsidies in 2013.
Germany: Environment minister rethinks taxes on Chinese manufacturers
German Federal Environment Minister, Peter Altmaier is for the implementation of anti-dumping lawsuits against Chinese manufacturers in the European context, should there be evidence of unfair competition.
Switzerland contemplating major shift to PV
With a new energy framework only months away, photovoltaics is shaping up as the prime candidate to replace the nuclear reactors on which the country draws around 40 percent of its power.
SolarWorld has debt conditions relaxed
Bloomberg has reported that SolarWorld AG has had its lenders agree to relax terms on 375 million (US$475 million) of loans, in the face of “challenging market conditions.”
US: Scandal 'Abounds' in Obama administration
On the back of Abounds bankruptcy announcement, the U.S. House Committee on Oversight and Government Reform has held a hearing, during which former executives testified. While the process has been branded an “Obama bashing” exercise by some, it was reported that the aggressive price cutting from Chinese manufacturers played a pivotal role in Abounds demise.
China considers raising PV target to over 25 GW
According to industry analyst, Jefferies, China is mulling the possibility of again raising its 2015 photovoltaic target to over 25 GW. Meanwhile, it says feed-in tariff troubles have arisen, which may affect internal rates of return (IRRs), and that a state owned enterprise merger could be on the cards for LDK Solar.
Amonixs fab closure stokes PV political fires
In the highly politicized debate surrounding renewable energy in the U.S., the closure of concentrating photovoltaic (CPV) manufacturer Amonixs Nevada fab has cause much debate among lawmakers.
First Solar receives Ex-Im bank boost
The U.S. Export-Import bank has authorized two loans worth US$57.3 million to support the development of three photovoltaic power plants in India, which will use First Solar thin film modules.
Sunways ends Deutsch Solar wafer contracts early
Sunways AG has announced it will end two long term photovoltaic wafer contracts with Deutsche Solar GmbH early, following agreement by both parties. The decision has been attributed to the current market conditions.
REC confident despite recording significant Q2 EBIT loss
REC looks to be in a good position following its new credit and issuance of new shares. Despite this, impairment charges related to the company’s fixed assets at its manufacturing facility in Singapore have significantly impacted its second quarter (Q2) financial results.
