Sanko Real Estate Co. Ltd, Solar Frontier and Chiyoda Corporation are gearing up to begin work on a 5.2 MW photovoltaic plant in Japans Ise City, Mie Prefecture.
Norway-based SiC Processing AS has submitted a petition for insolvency at Norways Porsgrunn district court.
Construction work on the first phase of a 150 MW photovoltaic plant has been completed by Sempra U.S. Gas & Power in Boulder City, Nevada. Overall, the project is scheduled to be finalized in 2015.
Germany-based CIC Group has announced that it will work on photovoltaic projects for LDK Solar. It will also act as a distributor for the Chinese manufacturer.
Meyer Burger Technology Ltd has announced it will cut around 250 jobs across the group. The Swiss company has already reduced its workforce by around 500 this year. The challenging photovoltaic market conditions have been cited as the reason.
The insolvent Solar Millennium AG has officially transferred its 26% stake in the 50 MW Arenales Spanish solar project to Germanys STEAG 1 Beteiligungsgesellschaft GmbH.
The Presidents of the U.S. and Indonesia, and the Sultan of Brunei have proposed the formation of U.S.-Asia Pacific Comprehensive Partnership for a Sustainable Energy Future. Under the partnership, the U.S. has said it will provide up to US$6 billion in support.
Last September, GE Energy invested US$3.2 billion in acquiring Converteam. In an interview with pv magazine, Stefan Franko, business leader for renewables at GEs Power Conversion business, talks about photovoltaic inverter technology, global markets and what the GE acquisition has brought to the Converteam table.
China-based Suntech Power Holdings Co., Ltd has announced it will reduce photovoltaic module production by over 30% at its facility located in Arizona. It will also cut around 50 jobs.
Yingli Green Energy Holding Company Limited has issued preliminary Q3 2012 earnings results. Overall, it expects photovoltaic module shipments to decrease and a negative gross margin.
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