NRG and GenOn announce merger
NRG Energy, Inc. and GenOn Energy, Inc. have unveiled their plans to merge. The two companies signed a definitive agreement, under which they intend to combine their activities in a stock?for?stock tax?free transaction. The transaction is scheduled for completion in the first quarter of 2013.
Transition time for Sunways
Continuing falling photovoltaic prices, a shift in its core markets and cancelled supply contracts have all contributed to Sunways AGs falling 2011 financials. However, it remains confident that new investor, LDK Solar, can help “open up new growth prospects”. International sales also helped stabilize the company.
Australia: Fund looks to clear PPA hurdle
Major Australian financial services company, Investec has indicated that it will create a fund, which could accelerate utility-scale photovoltaics in the country.
Texas: New agreement will see 400 MW installed, solar manufacturing facilities built
Updated: Under a new agreement between OCI Solar Power and CPS Energy, 400 MW of solar power will be installed in San Antonio, Texas, and photovoltaic module component manufacturing facilities established. A spokesperson for CPS Energy reveals more details to pv magazine.
Grid-connected renewable energy storage project launched in Europe
A 39 megawatt-hour grid connected renewable energy storage project has been launched in Europe by a consortium of seven partners.
Trading insults: China launches AD probes against USA and South Korea
Turnabout is fair playor rather, fair trade, according to China, which on July 20 announced that it would launch countervailing duty (CVD) and anti-dumping (AD) investigations against the U.S. solar industry, as well as an AD case against South Korea.
UCLA develops transparent solar cell
Researchers at the University of California, Los Angeles, have developed a highly transparent solar cell for building integration.
Australia: 750,000 homes install 1.7 GW
In another sign of the steady growth in the Australian solar market, figures released today show that more than 750,000 homes now feature photovoltaic arrays. This brings cumulative capacity, on residential rooftops, to 1.7 GW.
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.
