3W Power issuing shares to raise proceeds of €4 million

Tuesday, 7.22.2014 - 14:44 (PV-Tech)

3W Power the holding company of PV inverter supplier, AEG Power Solutions Group is issuing new shares to raise around €4 million to improve its financial position. Read more

United PV completes deal for 20MW China project

Tuesday, 7.22.2014 - 13:00 (PV-Tech)

United Photovoltaics has completed the acquisition of a 20MW solar project in Qinghai province, China. Read more

Shunfeng guides profitable first-half year and plans overseas project expansion

Tuesday, 7.22.2014 - 12:15 (PV-Tech)

China-based PVEP, Shunfeng Photovoltaic International (SF-PV) said it expected to report a profit for the first six months of 2014, primarily due to the increased solar cell sales coming from its manufacturing subsidiary, Wuxi Suntech Power Co. Read more

Shunfeng Photovoltaic International announces to get back in the black, enters into a credit facility agreement with China Merchants Bank

Tuesday, 7.22.2014 - 10:53 (Solarserver)

Based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended June 30th, 2014, the Board of Shunfeng Photovoltaic International Ltd. (Changzhou, China) announces that the Group has experienced significant improvement in its financial performance. The company expects to record a profit attributable to shareholders for the period compared to the net loss recorded by the Group for the six months ended June 30th, 2013, reads the ad hoc disclosure. Read more

ReneSola signs framework agreement to sell 200 MW of PV projects and MOU to sell two utility-scale PV plants in Bulgaria to China Seven Star

Tuesday, 7.22.2014 - 8:54 (Solarserver)

ReneSola Ltd. (Shanghai) on July 21st, 2014 announced, it has entered a framework agreement with China Seven Star Holdings Limited, a Hong Kong listed company. ReneSola intends to sell of no less than 200 megawatts (MW) of existing and new solar photovoltaic (PV) projects to China Seven Star Holdings within 18 months. The parties subsequently signed a Memorandum of Understanding (MOU) which stipulates that ReneSola will sell two utility-scale PV projects, both of which are completed and connected to the grid, with a total capacity of 9.7 MW in Bulgaria to China Seven Star. Read more

US Solar Manufacturer Suniva To Build 200-MW Facility in Michigan

Tuesday, 7.22.2014 - 21:41 (Renewable Energy World)

U.S.-based solar cell and module maker Suniva announced that it will open a second manufacturing facility in 2014, set to be located in Michigan. The 200-MW facility will produce its high-efficiency crystalline silicon solar cells and modules. Read more

Crying Fowl or Crying Wolf? Open Season on the Utility's Solar Duck Chart

Tuesday, 7.22.2014 - 18:25 (Renewable Energy World)

The rapid changes to the electricity system being wrought by distributed solar have utilities crying out, and they’ve poured much of their distributed solar angst into a chart being shared throughout the energy nerdocracy — the duck. The Duck Chart, Showing Net Supply/Demand on the California Grid in 2012-13, Forecast through 2020 Until 2012, daily Read more

SPI Solar sells planned 50MW PV project in China

Tuesday, 7.22.2014 - 16:50 (PV-Tech)

PV project developer, SPI Solar a majority owned subsidiary of bankrupt Cayman Island registered LDK Solar has sold a recently announced 50MW project to Xinyu Zhongzhi Guoxiang New Energy Electric Power Investment Development. Read more

Solar Battle of the Bands: Where Music, Solar, and Marketing Join in Harmony

Tuesday, 7.22.2014 - 16:07 (Renewable Energy World)

This blog has always been about solar marketing and advocacy, and so it’s always fun to report on Solar Battle of the Bands, an annual Intersolar sold-out tradition that harmoniously incorporates both.  Yes, there is a marketing aspect to this event, but let’s not be cynical here. If you’ve ever been to a Solar Battle of the Bands, you know the eve Read more

Expansion in Latin America: Yingli Solar opens office in Santiago, Chile

Tuesday, 7.22.2014 - 15:32 (Solarserver)

Yingli Green Energy Holding Company Limited (Baoding, China), known as "Yingli Solar", has expanded its footprint in the Americas’ solar photovoltaic (PV) markets by opening the Company's third Latin American office in Santiago, Chile. Read more

Australia starts new solar PV financing programs totalling AUD 120 million

Tuesday, 7.22.2014 - 15:28 (Solarserver)

Australia’s Clean Energy Finance Corporation (CEFC) has announced AUD 227 million in new investment commitments. Over AUD 133 million of this is for new solar programs and projects, which will bring its total commitment to solar deployment to over AUD 200 million. After its first full year in operation, the 2013-14 financial year, CEFC has contracted investments of over AUD 900 million in projects over AUD 3 billion in total value. Read more

Pakistan solar industry faces ‘total collapse’ if shock solar tax continues

Tuesday, 7.22.2014 - 14:15 (PV-Tech)

A Pakistan PV wholesaler has told PV Tech the country’s nascent solar industry could face “total collapse” unless a tax on imported solar equipment is lifted. Read more

Wacker expects €210 million benefit from restructured polysilicon supply contracts

Tuesday, 7.22.2014 - 14:14 (PV-Tech)

Major polysilicon producer Wacker Chemie expects revenue from cancelled or restructured polysilicon supply contracts from its solar sector customers to be around €210 million (US$283.2 million) in 2014. Read more

Rooftop PV in Australia gets A$120 million boost from condemned CEFC

Tuesday, 7.22.2014 - 13:53 (PV-Tech)

Australia’s Clean Energy Finance Corporation, threatened with abolition by prime minister Tony Abbott’s government, is to give the country’s residential and commercial solar sectors a A$120 million shot in the arm. Read more

Solar tipped to be big winner from US$50 billion BRICS bank

Tuesday, 7.22.2014 - 11:30 (PV-Tech)

A new US$50 billion development bank jointly formed by the so-called BRICS nations could offer solar a vital new source of funding, according a leading expert. Read more

Solar tipped to be big winner from US50 billion BRICS bank

Tuesday, 7.22.2014 - 11:30 (PV-Tech)

A new US$50 billion development bank jointly formed by the so-called BRICS nations could offer solar a vital new source of funding, according a leading expert. Read more

11.5MW Welsh solar farm approved by Neath Port Talbot Council

Tuesday, 7.22.2014 - 11:15 (Solarpowerportal)

A proposal to install an 11.5MW solar farm at Tyle’r-fedwen Farm, Cwmafan has been approved by Neath Port Talbot Council. Read more

SolarWorld: Resolutions by Annual General Meeting have remained legally unchallenged; Shipments of PV modules picking up

Tuesday, 7.22.2014 - 10:46 (Solarserver)

All resolutions adopted by this year’s Annual General Meeting of SolarWorld AG (Bonn. Germany) on May 30th, 2014 in Bonn have remained legally unchallenged, the company announces. Among other agenda items, on May 30th shareholders adopted the resolution to create newly authorized capital. This provides the Management Board of SolarWorld AG with more freedom to react to solar PV market conditions with greater speed and flexibility in the future. The corresponding amendment to the articles of association was entered in the commercial register on July 18th, 2014. Read more

German PV company aleo solar AG i.L. intends to move from Prime Standard to the OTC market

Tuesday, 7.22.2014 - 8:41 (Solarserver)

aleo solar AG i.L. (Oldenburg, Prenzlau, Germany) whose shares are currently traded in the Prime Standard segment of the Regulated Market on the Frankfurt Stock Exchange, on July 22nd, 2014 announced its intention to withdraw its shares from the Regulated Market shortly and at the same time apply for admission of its shares to the OTC market of the Hamburg and Munich stock exchanges. Subject to the approval of the appropriate stock exchange committees, the liquidators anticipate OTC trading of the aleo solar shares to commence in the first half of 2015. Read more

NRG Energy acquires 4MW solar facility in US Virgin Islands

Tuesday, 7.22.2014 - 7:33 (PV-Tech)

US-based PV company NRG Energy, Inc. has obtained a 4MW PV facility on the island of St. Croix in the US Virgin Islands from Toshiba International Corporation. Read more

NRG Energy acquires 4MW solar facility in U.S. Virgin Islands

Tuesday, 7.22.2014 - 7:15 (PV-Tech)

US-based PV company NRG Energy, Inc. has obtained a 4MW PV facility on the island of St. Croix in the US Virgin Islands from Toshiba International Corporation. Read more

Ascent Solar secures US$32 million in deal with investors

Tuesday, 7.22.2014 - 6:08 (PV-Tech)

Thin-film PV module developer and manufacturer Ascent Solar Technologies, Inc. has reached an agreement with investors that will see the company secure US$32 million in senior secured notes and warrants in order to buy shares of its common stock in a private placement. Read more

UK Retains Target to Cut Carbon Emissions by Half Through 2025

Tuesday, 7.22.2014 - 16:37 (Renewable Energy World)

The U.K. will keep a target to cut greenhouse gases by half through 2025, Energy Secretary Ed Davey said, foiling the Treasury’s effort to weaken the target. Read more

California Proposes $46.3 Million for Advanced Biofuels

Tuesday, 7.22.2014 - 14:27 (Renewable Energy World)

In California, the California Energy Commission recommended awards of $46.6 million to 11 biofuels and biomethane projects. Read more

Keeping Up with Energy Storage

Tuesday, 7.22.2014 - 15:53 (Renewable Energy World)

Solar and energy storage are a match made in heaven and a new report from the Solar Electric Power Association, “Electric Utilities, Energy Storage, Solar: Trends in Technologies, Applications and Costs,” takes a deep dive into the energy storage sector. The report uses information from the Department of Energy’s Global Energy Storage Database to analyze 215 distributed generation energy storage projects developed by or in partnership with utilities. Read more

How Opposite Energy Policies Turned The Fukushima Disaster Into A Loss For Japan And A Win For Germany

Tuesday, 7.22.2014 - 13:59 (Renewable Energy World)

Japan thinks of itself as famously poor in energy, but this national identity rests on a semantic confusion. Japan is indeed poor in fossil fuels — but among all major industrial countries, it’s the richest in renewable energy like sun, wind, and geothermal. For example, Japan has nine times Germany’s renewable energy resources. Yet Japan makes about nine times less of its electricity from renewables (excluding hydropower) than Germany does. Read more

Government plans to lift all fuel poor homes to EPC Band C by 2030

Tuesday, 7.22.2014 - 13:15 (Solarpowerportal)

The government has published proposals to lift fuel poor homes to a Band C energy efficiency rating by 2030. Read more

Davey confirms that government will not amend Fourth Carbon Budget

Tuesday, 7.22.2014 - 12:15 (Solarpowerportal)

Energy and climate change secretary Ed Davey has confirmed that the government will not amend the Fourth Carbon Budget, resisting reported pressure from the chancellor George Osborne. Read more

IBERDROLA completes renewable energy projects in South Africa including Africa’s largest PV plant

Tuesday, 7.22.2014 - 10:59 (Solarserver)

IBERDROLA INGENIERÍA has completed the development of its first renewable energies project in South Africa, consisting of the construction of three major facilities: the Noblesfontein and Klipheuwel wind farms and the 96 MW Jasper solar photovoltaic (PV) plant. The two wind farms and the PV plant built by the subsidiary of IBERDROLA in a consortium with South African firm Group Five have a combined capacity of 200 megawatts (MW), enough to supply electricity to some 150,000 South African homes. Read more