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Solar glass manufacturer criticises Chinese oversupply
Japanese glass company AGC is betting on auto glass because it says it cannot compete with Chinese prices. The well-worn complaint echoes those of EU and U.S. solar companies.
World Energy Congress starts on a pessimistic note
The opening statement of the World Energy Congress said renewables cannot meet future energy demand, GHG reduction targets are impossible without CCS and the idea of peak oil is ‘a myth.’
Shunfeng PV anticipates $142 million windfall
The parent company of cell and module manufacturer Jiangsu Shunfeng is pricing its share issue at the top of the range as it prepares to acquire Wuxi Suntech. Share issue will equate to 20% of the expanded company.
Only two smart grids on EU project list
Only two smart grid projects – one of them aimed at wind power – made the list of 250 projects to be eligible for a slice of EU funding. France and Italy’s Green-Me project may be in line for some of the $7.9 billion available.
Turkey: small-scale solar rules released
By doubling the size of projects for which FITs are available, the Turkish government has finally fired the starting gun on solar. ‘We have been waiting five years for this.’ says Enerparc’s Ertug Babatas.
First Solar loses $60m on sale of Mesa facility
The Mesa plant, intended to produce PV modules, never went into production and is being sold off at a loss. The facility includes what First Solar claimed would be Arizona’s largest solar rooftop.
SolarCity to acquire mounting system company
Californian installer SolarCity is set to acquire Zep Solar in exchange for shares worth $158 million. Zep Solar’s Zep Compatible technology has been used by solar giants including Canadian Solar and Trina Solar.
Suntech bid is confirmed
A consortium of cell and module manufacturer Jiangsu Shunfeng and the Wuxi local government’s investment arm has been confirmed as the bidder for Suntech’s insolvent Wuxi manufacturing unit. The consortium is proposing to restructure Suntech’s main Chinese unit.
Trina vows to fight lawsuit
Module giant Trina joins Yingli in dismissing the lawsuit lodged by the rump of failed U.S. thin film manufacturer Energy Conversion Devices. Allegations of collusion to bankrupt U.S. manufacturers are described as ‘baseless.’
Brazil: 695 MW of PV applications
National electricity agency ANEEL has revealed the details of 30 requests for authorization it has received to develop PV parks. More than 500 MW are planned for Bahia state.
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