SEIA: US PV system prices fall despite tariffs
The impact of module prices are always discussed in connection with import tariffs on Chinese photovoltaic products. In the U.S. prices continue to fall, despite the tariffs imposed last year. However, the comparison is lopsided given the significantly higher price levels in the U.S. than in Germany.
Italy: Mitsubishi, INCJ and Solar Ventures to acquire up to 150 MW of PV projects
Mitsubishi Corporation (MC), Innovation Network Corporation of Japan (INCJ) and Solar Ventures have acquired a photovoltaic project portfolio in Italy worth 42 MWp. They are looking to add projects totaling 150 MWp to this.
Utility-scale battery storage to top 25 GW in Asia Pacific in 2022
The utility-scale advanced battery market in the Asia Pacific region will amount to 25.1 GW of storage and be worth US$12 billion in 2022, according to a report by Pike Research.
What next for Suntech?
Today Chinese photovoltaic module manufacturer Suntech finally admitted it had received notice of default over the US$541 million worth of 3% convertible bonds, which went unpaid on Friday.
EU energy infrastructure budget halved by austerity drive
Documentation relating to the new EU energy infrastructure guidelines has laid bare just how savagely austerity-driven leaders cut the funds available to upgrade grids to harness renewables.
Suntech "technically insolvent"; Wuxi Government to step in
As speculation mounts over whether Suntech Power Holdings Co. Ltd will default on its bond repayments and be forced to file for involuntary bankruptcy today, it seems the Wuxi Government in China is almost certain to bail Suntech out. Maxim Group writes that the company is “technically insolvent.”
Financial breakthroughs propel solar from alternative energy to mainstream industry
New financial models are expected to help propel solar from being an “alternative energy” to a mainstream industry, states U.S.-based Clean Edge. It adds that PV revenues are forecast to grow to $123.6 billion by 2022. Meanwhile, solar energy will continue to expand as a major economic force, with an increasing focus on the technology’s deployment.
SMA pays 40 million for Chinese inverter company stake
With the Chinese authorities having approved the transaction, Germanys SMA Solar Technology AG now officially owns 72.5% of China-based Jiangsu Zeversolar New Energy Co., Ltd.
US hits 7.7 GW of cumulative PV capacity
On the back of another record year for the U.S. PV market, which saw 3.31 GW installed, 2013 forecasts are for 4.3 GW of new capacity. However, while utility-scale projects dominated the PV landscape in 2012, the sector is not expected to lead this year. Three future trends have further been identified.
MEMC proposes name change; unveils financing division and 2013 outlook
MEMC Electronic Materials, Inc. is considering a name change to SunEdison to “better reflect” its business. It has also announced the establishment of SunEdison Capital and released its expectations for 2013.
