Becky Beetz
Lawsuit threatens SolarWorld liquidity
The ongoing lawsuit over polysilicon agreements between a SolarWorld subsidiary and Hemlock Semiconductor Corporation is threatening the German solar giants liquidity. The company was dealt a blow last week, when a motion to reconsider a decision on antitrust defenses was denied by a U.S. court. After shares tumbled yesterday, it issued a statement saying the decision is not a final ruling on the case. It has, however, previously acknowledged that if it must repay the US$676 million, its existence could be “threatened.”
Recurrent Energy secures financing for 60 MW Californian PV project
Recurrent Energy has secured financing for a 60 MW solar PV project currently under construction in California. Commercial operation is scheduled for Q3 2016.
Germany: Renewables likely to cover 33% of 2015 gross power consumption
According to a new figures, renewable energy is set to cover around 33% of Germanys gross energy demands this year, or 193 billion kWh, up a fifth on 2014. PV and wind are the main contributors.
United PV acquires 100 MW PV plant in China
United Photovoltaics Group Limited has acquired a 100 MW solar PV project from Hubei Jingtai Photovoltaics Power Company Limited for around US$134 million. Following the acquisition, Hubei Jingtai became a fully-owned subsidiary of United PV.
Aqualis officially acquires stake in Adler Solar
Aqualis ASA has officially acquired a 49.9% stake in Adler Solar Services GmbH for around EUR 3 million. The aim is to draw on Aqualis infrastructure to further the internationalization of Adler.
Yingli unveils 20 MW Turkish PV pipeline
Yingli Green Energy Europe GmbH and Motif Proje ve Insaat Ltd. Sti have joined forces to develop 20 MW worth of solar PV projects in Turkey. Half is expected to come online by the end of 2016.
Scatec Solar announces 53 MW Honduran PV project
Scatec Solar has acquired a 53 MW solar PV project in Honduras. Construction work is to begin immediately on the plant, while commercial operation is scheduled for Q3 2016.
First Solar grid connects first part of 141 MW Chilean PV plant
Around half of First Solars 141 MW Chilean solar PV project have been connected to the countrys central grid. Full commercial operation is slated for January.
Marubeni completes 29 MW Japanese PV project
Marubeni Corporation has completed a 29.8 MW solar PV project in Japans Hokkaido Prefecture. A ceremony was held today to mark the occasion.
Solar Frontier sells 15 MW US solar project
Solar Frontier has sold a 15 MW solar PV project in California for an undisclosed sum. Commercial operation is slated for November.
