Scheuten Solar next company to file for insolvency
Scheuten Solar filed for insolvency yesterday. The move was attributed to the “dramatic” oversupply of photovoltaic modules, which led to price declines, tighter margins and, for Scheuten, an inability to pay its creditors.
LDK now major Sunways shareholder
Chinese company, LDK Solar is now officially a major shareholder of Germanys Sunways AG. The news was announced following the recording of the capital increase in the commercial register.
Dyesol celebrates award and sures up share price
Australian dye-sensitized photovoltaics developer Dyesol, which is developing Dye Solar Cell (DSC) applications, has taken steps to sure up its share price. At the same time, the “father” of DSC has been awarded the 2012 Albert Einstein World Award of Science.
Germany: PV FIT cap snuck in through the back door
An addition to Germanys new photovoltaic feed-in tariff (FIT) plan could prevent the construction of solar farms in many places in Germany in the future.
SunEdison sells 30 MW PV project
SunEdison has sold its 30 megawatt (MW) Webberville photovoltaic project, located near Austin, Texas, to MetLife and Longsol Holdings US Inc., a private owner and operator of solar projects in the U.S. and Europe.
Microsol will take Solon over
According to Germanys Tagesspiegel, it looks like Solon has been saved by Indian-Arabic company, Microsol. The news has still to be officially confirmed, however, it is expected that a formal statement will be made on Friday, March 2.
First Solar delivers Q4 and FY 2011 financial declines
Photovoltaic thin film manufacturer, First Solar recorded financial declines across the board. And while full year (FY) 2011 revenues were slightly up, EBIT and operating expenses spiraled downwards. For 2012, the company has further reduced its guidance.
Spain: 4.3 MW greenhouse PV project completed
The 4.3 megawatt (MW) photovoltaic project was commissioned last week by Switzerland-based Innotech Solar, Jendra Power and Energie Wasser Bern. Located in the Andalusian municipalities of Atarfe and Moclin, the systems are spread across several greenhouses.
Yingli announces stronger commitment to Europe and China; capacity ramp up
In posting its fourth quarter (Q4) and full year (FY) 2011 results detrimentally affected by the weak solar market conditions Yingli Green Energy has vowed to strengthen its presence in both the European and Chinese photovoltaic markets. The company will also add extra manufacturing capacity this year.
Ukrainian PV industry ramping up
The Ukrainian photovoltaics industry is on the verge of big change, as more and more investors announce their plans to build power plants in the country.
