Day4 Energy announces job losses, new CEO and business merger
Day4 Energy has announced that 28 employees will be let go as part of cost cutting measures designed to weather the current solar storm. It has also signed a letter of intent with Ever Energy Ltd to merge its operations, and announced a new CEO.
Construction on 280 MW Mojave Solar Project ramps up
Construction on Abengoas 280 megawatt (MW) concentrated solar power (CSP) project in San Bernardino County, California is ramping up.
US-Chinese trade war heats up
Set to be one of solars biggest topics of 2011 – a year already riddled with immense price pressure, insolvencies and investment issues – the U.S.-Chinese trade war is heating up. SEMI is the latest participant to make public its disgruntled feelings towards the petition. Meanwhile, CASM has vented its frustration at CASMs defense of Chinas “anti-competitive trade aggression”.
Germany: CDU business wing lashes out against solar subsidies
Following the publication of the medium-term forecast for Germanys Renewable Energy Act [EEG] reallocation measures, economic policymakers from the Christian Democratic Union (CDU) are now demanding a cost limitation. Once again, they are attempting to incite discussion about a ceiling for photovoltaics.
Australia: SilexSolar halts PV module production
Australias only photovoltaic panel producer has suspended all of its manufacturing operations. Most of its employees have been made redundant.
Azerbaijan to manufacture solar batteries
Azerbaijan, a former Soviet state and the largest country in the Caucasus region of Eurasia, is setting up a solar battery manufacturing facility. According to sources, it should be ready to enter production by December.
Manz to take over Würth's CIGS operations
Würth Solar will hand over its CIGS production line, located in Schwäbisch Hall, Germany, to Manz AG, in order to focus on the sales side of its photovoltaic business. Production capacity will be more than halved.
PV installations to reach 24 GW in 2011; Italy to take the lead
New research has revealed that newly added global photovoltaic capacity will grow from 19 gigawatts (GW) in 2010, to reach 24 GW this year. Meanwhile, Italy will overtake Germany to become the worlds leading country in terms of installed capacity.
Solons financials hit by solar slowdown
Germany-based Solon has also suffered from the downturn in the global solar market. In the first nine months of 2011, it recorded losses across the board. In particular, the companys EBIT was significantly affected.
Potential of job creation highlighted at Solarcon India 2011
The third Solarcon India has wrapped up in Hyderabad. One of the key takeaways from the event, held from November 9 to 11, is the great potential for job creation through American-Indian collaboration. Meanwhile, the looming European debt crisis made its presence felt.
