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The pv magazine weekly news digest:
A tough week of tariff cuts and bankruptcies for the solar industry, although a few success stories from California, India and the Middle East serve to lighten the mood. The strange story of a potential lifeline for SunEdison, as well Solars mention in the first U.S. Presidential debate, also make for interesting developments.
Meyer Burger announce major restructuring
Swiss solar technology provider Meyer Burger today announced a company wide restructuring program. The program aims to reduce the companys overall operating costs by CHF 50 million.
Breaking: China looking to dramatically cut solar PV FIT
A recent document from China’s National Development and Reform Commission (NDRC) confirmed the rumor that China will continue to cut its FIT for renewable energy starting from 2017. It also indicated it may be a dramatic cut.
Huawei expands operations in Europe
Heavyweight Chinese inverter manufacturer Huawei Solar announced an expansion of its European Supply Center, with a new inverter production facility in Eindhoven, Netherlands, which the company hopes will help it service its European customers with better efficiency and flexibility.
TerraForm Global clears way for sale of SunEdison India and Uruguay assets
SunEdison yieldco has consented to the third party sale of the bankrupt clean energy developer’s 425 MW Indian solar portfolio and further assets in Uruguay. Firm will receive a portion of the proceeds.
Bank of America may be interested in bailing out SunEdison
Court documents reveal potential “enthusiastic interest” from the Charlotte, N.C. banking giant to provide money to the cratering solar installer.
25 GW of new solar in Europe can steer sustainable EV growth, finds EEA
Study by Germany’s Öko-Institut on behalf of European Environment Agency finds that just 25 GW of Europe-wide solar PV could support the goal of reaching 10% electric vehicle penetration by 2050.
UK could be home to 24 million clean energy prosumers by 2050, says report
Data by the European Renewable Energies Federation forecasts the British energy ‘prosumer’ to grow from one million in 2015 to 24 million as more and more citizens begin to make valuable energy contributions.
Centrotherm appoints new CEO
Board of the German solar equipment manufacturer appoints Jan von Schuckmann as company CEO. Change of management elsewhere sees Gunter Fauth appointed as COO, with Peter Augustin making way.
50 MW Jordan solar farm to be financed by IFC and Canadian government
World Bank Group member, International Finance Corp. is to collaborate with the Canadian government to fund a $76 million, 50 MW solar farm in Jordan to be developed by Fotowatio Renewable Ventures.
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