US: PSE&G to invest in more solar
New Jersey’s largest electricity provider Public Services and Utility Group (PSE&G) has reached an agreement with New Jersey Board of Public Utilities (BPU) and other parties to increase renewable energy spending.
PV module suppliers: China continues to dominate; prices stabilize
Chinese photovoltaic module suppliers continue to dominate global supply, as they try to expand their market share overseas, according to NPD Solarbuzz. Overall, it says the top 20 suppliers accounted for nearly 70% of global shipments in Q1 2013. Meanwhile, average module sales prices for the top 20 have shown signs of stabilization.
Insolvency for AE Photonics
Insolvency proceedings have officially opened against AE Photonics. All employees have already been laid off. Both the parent company and its Greek, Indian and U.S. subsidiaries will now be liquidated.
Conergy announces 2 settlement agreements
Following approval, four former board management members of Conergy will pay the German photovoltaic company over 6 million under a settlement agreement. Part of the funds are expected to be paid to investor plaintiffs under a second settlement agreement.
Germany: Storage test for the "energiewende"
A power-to-gas research project has been launched in Germany. A research network of institutes and companies will evaluate the capability of long-term storage technologies in a 100% renewable energy electricity scenario.
US: BLM issues regulation to facilitate solar right-of-way applications
The U.S. Bureau of Land management (BLM) has issued a regulation, which will provide solar and wind energy project developers with the possibility of right-of-way applications to temporarily give them the right to use public land. The aim is to prevent conflicts related with the appropriation of land for other purposes, like mining.
Canadian Solar Q1 shipments to exceed guidance
In issuing select preliminary Q1 2013 financial results, Canadian Solar Inc. expects its photovoltaic module shipments and gross margin to exceed previous guidance.
Fall in market share for top ten PV inverter suppliers
IHS has released its latest PV inverters quarterly report. Despite indications of industry consolidation, the top ten largest PV inverter suppliers saw their market share fall from 62% in 2011 to 56% in 2012.
Spain plans renewable energy cuts of up to 1 billion
According to reports, Spain is considering cuts to renewable energy totaling around 1 billion under the energy reform expected this June.
Centrotherm sells another subsidiary
Centrotherm has sold subsidiary GP Solar to German software company Isra Vision AG. Meanwhile, the company’s insolvency proceedings at the Ulm District Court are expected to be completed by the end of this month.
