Estonia: ABB opens 400 MW solar inverter line
ABB has established a 400 megawatt (MW) solar inverter production line in Jüri, Estonia. The company has also opened an engineering center there, and invested in a solar plant.
Innotech opens solar factory in Germany
Innotech Solar ASA has opened a new solar cell testing and optimization factory in Halle/Saale, Germany. An initial investment of 20 million has been made.
Solarpack enters South African PV market
Spanish company Solarpack Corporación Tecnológica S.L. has formed a joint venture with Kabi Energy (Pty) Ltd, this marking its entrance into the South African photovoltaic market.
Clinton Global Initiative commits to bringing funds, training and jobs to solar
More than a million people in the off-grid world will, literally, enjoy a brighter future, thanks to the 2011 Clinton Global Initiative (CGI). Three commitments made to CGI will bring solar power to homes on several continents – as well as funding, training and job opportunities in the solar industry.
Malaysia: PV interest at an "all time high"
As the Renewable Energy World conference and trade show winds up in the Malaysian Capital, Kuala Lumpur today, photovoltaic industry participants have reported never-before-seen interest in solar.
US: SolarReserve closes financing on 110 MW solar project
SolarReserve has closed financing on its 110 megawatt (MW) Crescent Dunes solar project. When complete, it is expected to be the U.S. first commercial scale solar power tower with fully integrated energy storage, and the largest of its kind in the world.
PV revenues and profits to keep on declining
Despite an increase in photovoltaic module shipments, revenues and gross profits are forecast to keep on shrinking into next year, according to new research, due to the “huge” oversupply, “fierce” competition and falling prices.
China to become biggest PV market
Suntechs Zhengrong Shi has said that, by 2015, China could be the biggest photovoltaics market in the world.
Russia could install up to 2 GW of PV by 2020
It has been said that Russia has the potential to add between one and two gigawatts (GW) of newly installed photovoltaic capacity by 2020.
REC considering permanent PV plant closures
Due to the continuing weak solar market conditions and “significant” negative cash flow, REC is considering the permanent closure of three wafer facilities and one cell plant in Norway. Around 700 employees are expected to be affected.
