Italian FIT payments to stop in July
Subsidy limit of 6.7 billion has been passed triggering a halt to future FIT payments from a point one month after the limit was reached. Italy is the third EU member state to halt its solar incentives.
Samsung and Ontario row back on renewables commitment
Samsung has reduced by C$2 billion its commitment to wind and solar in Ontario. Provincial government denies the move has anything to do with recent WTO ruling against its FIT program’s domestic content requirement.
SMA braces for hefty drop in revenue
Executives at German inverter manufacturer SMA have said that second quarter revenue will likely fall from 429 million a year ago to between 240 million and 280 million. The company continues to grapple with decreased demand, price drops and a general decline in business.
Intersolar Europe: no boom but surpassing expectations
Attendees at Intersolar Europe in Munich were upbeat on the final day trade show and praised the quality of this years event and the large crowds of visitors the decline in exhibitors. Uncertainty over EU tariffs remained palpable in the exhibition halls, however, with leading Chinese manufactures reportedly cutting production by as much as 50%.
Chile on track for 6 GW of solar projects
Development of solar power projects are Chile has increased dramatically in recent months. The countrys Environmental Evaluation Service (SEA) has already approved 4 GW of new projects with an additional 2.2 GW currently under review.
Abengoa partners on 110 MW CSP project in Israel
Negev Energy, a joint company established by Spanish group Abengoa and Israels Shikun & Binui, has won a contract to build a 110 MW concentrated solar power (CSP) plant in southern Israel.
Chinese PV manufacturers setting up shop in Kenya
Facing punitive tariffs in the EU, Chinese solar panel makers are eagerly looking to African markets and the state-owned Jiangxi Corporation is helping to coordinate a $140 million solar power station in Garissa, Kenya, as a base of operation.
Intersolar Awards celebrate innovation, European projects
For the sixth year running the Intersolar Awards were presented to the best innovations in the field of photovoltaics and solar thermal technology as well as in the new category of solar projects in Europe.
REC desert panels at Intersolar Europe
Norwegian manufacturer showcases its bifacial, desert-proof Peak Energy panels at Munich trade show. REC, which produces its panels in Singapore, has opened a Dubai office to target the MENA market.
First Solar makes $427.7 million from capital increase
First Solar has earned some $427.7 million following a capital increase in which it offered 9,747,000 shares of its common stock. It will use the fresh capital for acquisitions and expansion into new territories.
