Conergy loses half its share capital
Conergy AG has announced it will hold an extraordinary general meeting, having lost half of its share capital. The management board is not said to be planning new capital measures, however.
PV book-to-bill ratio in the red
Signs are emerging that photovoltaics is finally taking the right course to overcapacity recovery. For the first time since the mid-2000s, says NPD Solarbuzz, the industrys book-to-bill ratio is negative, thus indicating the cancellation of capacity expansion plans.
SRU Solar and Parabel complete 29.1 MW PV park in Germany
SRU Solar AG and Parabel AG have completed work on a 29.1 MW photovoltaic park between the German cities of Eisleben and Wimmelburg.
APVIA 2012: Singapore leads path to grid parity
As the PV Asia Pacific expo and conference continues today in Singapore, attendees have heard how high electricity prices and the falling cost of photovoltaics have resulted in the city-state arriving at retail grid parity for solar.
US: First Solar provides Mesa manufacturing update
First Solar has leased a portion of its Mesa manufacturing facility in Arizona out. Originally, the thin film photovoltaic company was scheduled to start manufacturing modules at the new facility in Q3 2012. There are currently no plans to begin operations, however.
Oerlikon receives green light to sell its solar business
Switzerlands Oerlikon Group has received approval from the Chinese government to sell its solar business to Japan-based Tokyo Electron Ltd for an undisclosed sum.
Intersolar postpones second China tradeshow
The second Intersolar China tradeshow has been postponed, following the current difficult market conditions. The event is expected to resume in 2013, alongside its new partner, The China Renewable Energy Industry Association (CREIA).
South African bank approves $375 million for 8 PV projects
The Development Bank of Southern Africa (DBSA) has approved US$1 billion for the development of 14 renewable energy projects in South Africa, including eight photovoltaic projects.
15 MW PV plant planned for Mauritania
Abu Dhabi-based Masdar has announced it will build a 15 MW photovoltaic plant in the Islamic Republic of Mauritania. When complete, it is expected to be the first plant of its kind in the country.
UK solar companies seek £50 million in compensation
A number of U.K. solar companies are seeking compensation from the government over its proposed photovoltaic feed-in tariff cuts, unveiled last October. A formal “Letter Before Claim” has been sent to the Department of Energy and Climate Change (DECC).
