Suntech sees big Q1 losses; also affected by trade case
Suntech Power Holdings Co. Ltd has seen significant first quarter (Q1) 2012 financial losses. As with Trina Solar, the companys gross profit and gross margin have been affected by a provision for preliminary U.S. countervailing and anti-dumping duties. Looking ahead, it expects to see gross margin and shipments pickup.
Malaysia considers adjusting FIT due to volume of solar
Malaysias Sustainable Energy Development Authority (SEDA) has told the Malaysian Reserve that it is considering adjusting the countrys renewable energy feed-in tariff (FIT), due to an “imbalance in the RE resource mix”.
Germany: Agreement on solar cap before summer break
German Chancellor Angela Merkel has stated that she seeks to reach an agreement with the state governments on further reductions in solar subsidies before the summer break in Germany.
Inventux files for insolvency
Berlin-based Inventux Technologies AG is the next German photovoltaic company to announce insolvency.
Conergy negotiates with Chinese investors
Hamburg-based Conergy AG is negotiating with Chinese manufacturers about a possible partnership. According to the company’s CEO, it will go beyond a pure supply relationship.
Israel: APC reaches financial close on 58.5 MW worth of PV projects
Arava Power Company (APC) has reached financial close on eight photovoltaic plants in Israel worth 58.5 megawatts (MW).
Ukraine targeting 1 GW PV by 2013
Ukraine is said to be targeting a cumulative installed photovoltaic capacity of one gigawatt (GW) by 2013. Overall, investment in new facilities is expected to reach 2 billion.
SunEdison to build 20 MW Arizona PV park
MEMC Electronic Materials, Inc. subsidiary, SunEdison has signed a loan agreement worth US$65 million with the North American Development Bank (NADB). The funds will be used towards the construction of a 20 megawatt (MW) photovoltaic park.
WTO dispute strains the limits of friendship and fair trade
In what can only be described as a “Bizarro World” scenario, even as Canada continued to take the heat last week for the domestic content requirement in Ontarios feed-in tariff (FIT.2) scheme, legislators in Washington, DC, considered imposing a similar regulation, in order to freeze Chinas manufacturers out of the U.S. solar market.
BMW heir wants Solarwatt
BMW heir, Stefan Quandt has expressed his interest in Dresden-based Solarwatt. Germanys Federal Cartel Authority is currently examining the takeover proposal.
