LDK negotiates a stay of execution
The Chinese manufacturer has negotiated a 30-day window relating to overdue interest on bond notes. With $4.4 billion of short-term debt at the end of August, LDK has some tough talks ahead.
GCL Goldpoly announces hitch in stake acquisition
Chinese polysilicon manufacturer GCL Poly has announced a delay in its plans to acquire an equity stake in solar developer Fengxian Huize. A busy day also saw the company’s CFO resign.
Greek municipalities go solar
The Greek Ministry of the Interior recently approved a program that aims to upgrade local governments infrastructure, including the installation of solar PV systems in municipality buildings throughout Greece.
Lawmakers back SEIA efforts to end US-China solar standoff
The proposal by the U.S. Solar Energy Industries Association (SEIA) aimed at ending the solar trade row appears to be gaining momentum and winning the support of key lawmakers. SolarWorld executive remain skeptical, however.
US investor Kawa to save 350 jobs at Conergy
U.S.-based financial investor Kawa Capital Management will be taking over Conergy sales and service units in Germany, Italy, the U.K. and Australia. This acquisition is expected to secure 350 jobs.
India sets 10 GW solar target by 2017
The Indian government has unveiled ambitious plans to boost solar power generation in the country. The state of Gujarat is pursuing its own plan, increasing both rooftop and canal-top projects.
Poland: proposed regulations look bad for PV
New draft regulations for renewable energy development in Poland, released last week, indicate that PV may have an uphill battle to gain renewable energy market share in the country. The proposed feed-in tariff (FIT) for micro-installations and installations up to 40 kW may still be worthwhile.
US: SunShot's $1/W target for 2020 unlikely to be met
According to analysts at Lux Research, the SunShot program’s target of “$1/W installed by 2020” set by the U.S. Department of Energy will probably not be met. Installation prices today are still two to four times the target.
Solar, wind could save the US $7 billion in fossil-fuel costs
Adding wind and solar power to the grid is more cost-effective than switching fossil-fueled power plants on and off to make up for the intermittent nature of renewable energy, says the National Renewable Energy Laboratory (NREL).
India's solar mission failing to recognize country's potential, says top researcher
K. Sivadasan, researcher and renewable energy expert, has criticized India’s National Solar Mission for failing to focus on the infrastructure required to adequately meet its lofty objectives.
