ITC extension will assist solar growth, says US Energy Secretary
Ernest Moniz says the Obama administration backs Democrats’ calls for an extension of the Federal ITC; stresses the solar industry can grow without further subsidy but states time is running out to offer appropriate support.
Aqualis to acquire 49.9% stake in Adler Solar
Engineering consultancy group signs MoU to purchase large stake in German solar service provider for sum of around $3.4 million; has option for further 10% stake at future date.
E.ON grows PV power plant development business
Germanys E.ON has announced that it is continuing to expand its U.S. and German PV power plant business. E.ON will develop a 20 MW project in Kern Country, California, after having completed a 2.1 MW plant near Neubrandenburg, in Germanys northeast, earlier this year.
Southern Power acquires majority stake in 200 MW California PV project
Southern Power has signed an agreement with Canadian Solar subsidiary, Recurrent Energy to acquire a 51% stake in the 200 MW Tranquillity Solar Power Project, which is set to be completed in Q4 2016.
China: Longi, Lerri Solar unveil monosilicon expansion plans
Longi Silicon aims to expand monocrystalline silicon production to 10 GW. The company believes the solar market will eventually switch completely from multi- to mono-crystalline silicon products. Lerri Solar has also unveiled plans to expand monocrystalline module production to 2 GW.
Manz wins EUR 12 million Li-ion battery order
Manz AG has won an order from a U.S. customer for a lithium-ion (Li-ion) battery production line worth EUR 12 million. This year to date, the German equipment manufacturer has secured orders totaling EUR 100 million.
Comtec sees strong demand for monocrystalline, despite huge net loss
Comtec Solar Systems Group Limited has seen its net loss for 1H 2015 plummet, despite increasing revenues. It is confident, however, the market for its monocrystalline wafers is strong.
Germany sees 132 MW solar installed in July
New solar PV systems totaling 159.78 MW have been registered in Germany for July by the Federal Network Agency. Actual installations were lower, however, at 132 MW. Solar subsidies will decrease a further 0.25%, as of today.
Fossil fuels' cost advantage over solar narrowing, says IEA
New report published jointly by International Energy Agency (IEA) and Nuclear Energy Agency (NEA) reveals strides made by renewable energy sector in producing electricity at costs close to fossil fuel-based power stations.
JA Solar pens agreement to build 1 GW fab capacity in Andhra Pradesh, India
The Chinese solar firm will begin construction of a 500 MW solar cell factory in the state in December; similar-size module factory to follow, according to MoU signed with Essel Group.
