MEMC sees sharply declining solar revenues
MEMC Electronic Materials Inc. has recorded “sharply” declining revenues in its solar business. For the full year, the company has declined to provide guidance. However, it expects system prices to drop to US$3.50 per Watt.
PV will become mainstream energy source under right policy conditions
Photovoltaics can become a mainstream energy source, says EPIA, if the right policy conditions are in place. It predicts that around 20 to 25 GW could be installed annually in Europe, up to 2016, and between 38 and 77 GW outside of Europe. However, the possibility of a market collapse exists, if the industry is not adequately supported.
Masdar receives 12.9 million for new PV module line
The European Commission has approved 12.9 million worth of state aid for Masdar PV GmbH to install a second photovoltaic module production line in Germany.
Westinghouse Solar and CBD merge; CEO replaced
U.S.-based Westinghouse Solar Inc. and Australian CBD Energy Ltd have signed definitive merger agreement, which has been approved by both companies board of directors. Under the agreement, Westinghouse CEO, Barry Cinnamon has been replaced by an interim CEO.
Yingli to install PV on FIFA World Cup stadium
Yingli Green Energy Holding Company Limited has partnered with Light ESCO, EDF Consultoria and the State of Rio de Janeiro to install photovoltaic modules at Brazilian football stadium, Estadio do Maracana in time for the 2014 FIFA World Cup.
Portugal: Martifer and Hanwha to develop 17.6 MWp PV project
Martifer Solar has formed a partnership with Hanwha SolarEnergy and Hanwha SolarOne to install a 17.6 megawatts peak (MWp) photovoltaic plant in the Lisbon area of Portugal.
Soltecture announces insolvency
Berlin-based Soltecture GmbH is the next German photovoltaic company to file for insolvency. Attorney Hartwig Albers of law firm Brinkmann & Partner has been appointed provisional liquidator.
50 MW US thin film PV plant switched on
U.S. Secretary of the Interior, Ken Salazar has officially inaugurated the 50 megawatt (MW) Silver State North photovoltaic project, located in Nevada.
ECD cancels USO auction after failing to secure bid
U.S.-based Energy Conversion Devices (ECD) has cancelled the auction of the going concern sale of United Solar Ovonic LLC (USO) and has discontinued the court-approved sale process, having failed to find an “acceptable” qualified bid. Around 300 employees will be let go.
Solar 'smackdowns' resume in reaction to Chinas 5 year plan
Like an unrepentant child confined to a “time-out” corner, China is not only irate at accusations that it has over-subsidized its solar industry and underpriced its products, but it is plotting a market rally strong enough to scuttle its competition.
