Markets

UK power company HomeSun has announced its plans to install £1 billion worth of free solar panels on 100,000 British homes over the next three years. The news comes as recent reports reveal that the U.K is the fastest growing country for photovoltaics (PV) installations this year.

The date by which Italian photovoltaics (PV) installations should enter into operation to continue to enjoy the incentive rates contained in the second energy bill – the one currently in force and which is due to expire at the end of the year – has been postponed, according to Qualenergia.it.

Nikini Automation Systems has told pv magazine it has made Sri Lankan history by becoming the country’s first company to enter into a net metering agreement for its photovoltaics (PV) system. The company also called on Sri Lanka’s businesses to make PV a part their corporate activities.

Centrosolar Group AG has said it expects to see revenue in excess of €370 million this year, despite a “substantial” fall in demand in the German market, predicted to take place in the third quarter of this year. The company adds that the high increase in solar module production capacity in April, from 110 MWp to currently around 155 MWp, has not been enough to meet fully the high level of demand from both Germany and other European core markets, particularly France and Italy.

Cumulative photovoltaics (PV) installations will top 120 gigawatts (GW) by the end of 2014, according to IMS Research’s recently launched “Global PV Demand Database”. The report also revealed that annual PV installations will grow steadily at a Compound Annual Growth Rate (CAGR) of more than 20 percent between 2011 and 2014. In these four years, says IMS, some 80 GW of new PV capacity will be added globally. Growth rates are predicted to slow over the next four years, however, compared to the huge 95 percent growth rate forecast for this year.

Dr. Farooq Abdullah, the Hon’ble Union Minister for New and Renewable Energy urged the Indian solar photovoltaics (PV) industry to focus on developing research initiatives, during the Solarcon India 2010, held in Hyderabad, India last week.

Saudi Arabia will export as much solar energy as it does petrol today, according to the country’s Minister for Petrol and Raw Materials Ali Al-Naimi, who was speaking at a one-day Saudi-German solar conference, held today in Magdeburg, Germany.

Spain’s Asociación Empresarial Fotovoltaica (AEF) announced at a press conference held last week that negotiations on future solar subsidiaries have been postponed for the next two months, while the country’s government awaits the results of an investigation to find out which PV plants were illegally connected to the power grid in September 2008.

The U.K. photovoltaics (PV) market could be artificially restrained by its government, after attaching certain conditions to its payment of remuneration, says market research institute, EuPD Research.

India’s Rashtrapati Bhavan (Presidential palace), the residence of the the Honorable President of India has received the ISO 14001:2004 certification, which was granted by the U.K.’s Bureau Veritas in view of the various standardized environment management practices, including solar energy, it has adopted.