Global PV inventories reach record levels
Industry analysts have reported that levels of unsold photovoltaic modules have reached record highs.
Australian solar installation inspection program launched amidst political row
A state-wide inspection campaign of solar panel installations has been launched in the Australian state of New South Wales (NSW) while a political row continues over the state governments slashing of its feed-in tariff (FIT) scheme.
GT Solar raises 2012 fiscal guidance after successful year
GT Solar has notably increased its fiscal year 2011 revenues over the last 12 months, leading the company to raise its 2012 fiscal guidance. As with the majority of industry players, however, it did suffer sequential declines.
REC scales back PV production; announces lay-offs
The Renewable Energy Corporation ASA (REC) has said it will scale back its photovoltaic production activities due to weak market demand. Around 500 employees are expected to be affected.
New Jersey: Tioga Energy starts work on 44 solar projects
Tioga Energy has begun development on 44 solar projects in New Jersey, worth 3.4 megawatts (MW). The systems are being installed at facilities owned by local government agencies in the states Union County.
China Sunergy positive despite sequential declines
Despite an industry slowdown in the shipment of photovoltaic modules, China Sunergy has met its first quarter shipment guidance. And, while sequential declines were experienced, the company posted year-on-year profits. Inventory levels were, however, high.
Work to begin on 5 MW solar project at AWC
Main Street Power Company Inc. will begin construction on a five megawatt solar project tomorrow, May 24 at the Arizona Western College (AWC).
German Green Party anticipates deeper solar subsidy cuts
The ministerial draft bill on the Renewable Energy Act (EEG) amendment is currently awaiting departmental approval at the German Federal Ministry of Economics and Technology, as well as the German Federal Ministry of Finance. The photovoltaic industry will presumably have to cope with even greater restrictions at the turn of the year. This at least is expected by the German Green Party.
PV Legal: Positive PV progress made in legal and administrative barriers
The results of PV Legals two year project have found that, overall, “real progress” has been made in removing both legal and administrative photovoltaic barriers. There are still a number of hurdles in place though.
Sulfurcell announces name change
Sulfurcell has announced a name change. Ten years after its establishment, the CIS solar thin film company will henceforth be known as Soltecture.
