FRV and Denham Capital to invest $190 million in solar projects
Spanish company Fotowatio Renewable Ventures (FRV) and private equity firm, Denham Capital, have formed a partnership under which they will invest US$190 million in solar projects across a number of different global regions.
Premier Power and Chaori plan 3 PV projects in New Jersey worth $27.6 million
Premier Power Renewable Energy and Chaori Solar USA have signed a US$27.6 million agreement, under which they plan to develop utility-scale power plants in the U.S.
Asia: PV costs to keep falling; Uzbekistan market to take off
In an interview, Seethapathy Chander, from the Asian Development Bank (ADB) talks to pv magazine about the photovoltaic investment situation in Asia, falling project costs and emerging markets. Overall, he believes costs will, on average, sink to just US$0.09 per kilowatt hour (/kWh) across Asia, and that Uzbekistan will become a major market.
Trade rout: CVD act passed by US Congress fuels rivalry with China
Capitalism prevailed over party politics this week, as the U.S. Congress moved swiftly to pass legislation that would enable the Department of Commerce to continue applying countervailing duty (CVD) law to non-market economies (NMEs), such as China and Vietnam.
Germany: TÜV finds rusted nuclear waste barrels
At a time when Germany’s solar industry is suffering from weakened political support, the Technical Inspection Association, TÜV, has uncovered rusted radioactive waste barrels in the already inoperative Brunsbüttel nuclear plant in northern Germany.
Sharp to develop 100 MW of PV in Indonesia; announces Japan project
The Sharp Corporation, in partnership with the Indonesia Government, will develop 100 megawatts (MW) worth of photovoltaic projects in Indonesia. It will also work on a 2.4 MW solar system in Japan.
US: 3 solar companies "best for the world"
Three solar companies have been declared to be leading the pack in terms of the environment, their communities and their employees. The B Lab, a nonprofit organization that assesses companies impact environmentally and socially, highlighted three solar installers yesterday as leaders across three areas of assessment.
Suntech predicts intense competition in 2012, following losses of $1 billion in 2011
Suntech expects to see “intense competition” in 2012, following a shaky 12 months for most solar companies. In the fourth quarter (Q4) and full year (FY) 2011, the Chinese photovoltaic manufacturer suffered significant losses. Meanwhile, this year, Q1 shipments are expected to decline.
JinkoSolar posts Q4 loss
Chinese photovoltaic module manufacturer, JinkoSolar, has posted a net loss of US$58.3 million for the fourth quarter (Q4) of 2011. The company attributed the poor result to prices falling faster than anticipated. JinkoSolar did however manage to post full-year income of US$43.4 million, a decrease of 69 percent from 2010.
German solar companies detail impact of FIT changes
Solar hybrid AG has said it will suffer from loss of investments for its planned 150 megawatt peak (MWp) photovoltaic park, due to be online by the end of 2012. Meanwhile, Parabel AG has said it will push ahead with its 40 MW park, with the assumption that an appropriate transition period will be allowed.
