The Australian Federal Government has announced an injection of over AUD$750 million (558 million) to help build two of the worlds largest solar power stations after months of uncertainty surrounding the projects.
At its annual general meeting (AGM), Sunways CEO Michael Wilhelm blamed the German Federal Government for photovoltaic market volatility, labeling its handling of the changes to energy policy as “botched” and arguing that, “a lot of consumer goodwill was thoughtlessly gambled away by reducing subsidies for private consumption.”
This year is not looking bright for the solar industry, according to Conergy. Following poor performance in the first two quarters of this year, the German manufacturer has retracted its sales forecasts.
Germanys Federal Environment Ministry has confirmed that the installed photovoltaic capacity between March and May of this year amounts to around 700 megawatts. Nevertheless, the economic wing still wants to cap the market.
A new report reflecting the U.S. solar industrys 2011 first quarter predicts that both “exciting” and “volatile” times lie ahead. The country has, to date, over 2.3 gigawatts (GW) of installed photovoltaic capacity. This is expected to double by the end of the year.
Japanese solar subsidiary of Dutch Oil giant Shell is supplying the Tokyo Electric Power Company (Tepco) on one of Japans first major solar plant installations, while putting their recycling systems in place and installing solar systems to keep petrol pumps running in times of disaster.
Italy has voted against nuclear, prompting the country’s renewable energy stocks to soar.
Germanys photovoltaic industry suffered a clear break down in the first half of the year. However, Reuters has reported that significantly less than one gigawatt (GW) of new capacity was installed between March and May, meaning there should be no tariff cuts on July 1.
In what will amount to a large privately owned photovoltaic installation, McGraw-Hill will install a ground-mounted solar array on 50 acres of land adjacent to the corporations two office buildings in East Windsor, New Jersey.
The latest report from the Solar Electric Power Association (SEPA) into U.S. utility integrated solar electricity installations has revealed that their numbers grew by 100 percent in 2010 and that the growth is occurring in states outside of California at greater levels than were expected.
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