17 MW AZ Sun PV facility dedicated
The first phase of a 35 MW photovoltaic facility has been dedicated by the Arizona Public Service Co. and AMEC. It is the fifth such facility to come online under the AZ Sun Program.
ADB makes $85 million available for Thai PV projects
The Asian Development Bank has announced it will make US$85 million available for the construction of three photovoltaic projects in Thailand, worth 57 MW.
French developer proposes 250 MW Spanish PV project
French photovoltaic developer Dhamma Energy is planning to install a 250 MW photovoltaic plant in Extremadura, Spain, according to Spanish newspaper El Periódico de Extremadura.
LDK Solar announces non-payment of convertible notes
China-based LDK-Solar announced that, due to a temporary cash-flow shortage, it was not able to make full payments to the holders of its 4.75% convertible senior notes due on April 15. A settlement is said to have been reached, however.
ReneSola launches bankability book to secure more financing
In a bid to persuade lenders to cough up more cash, ReneSola has launched a Bankability Book which, it says, provides a “comprehensive guide” to its business, and will help European and U.S. businesses, in particular, secure financing faster.
Solen reports insolvency
PV manufacturer Solen was unable to repay the interest on a loan within the stipulated time period. Two meetings with creditors to decide on a moratorium failed, due to the lack of interest and participation. The board is left with the sole decision to head to the district court.
Weak Q1 for clean energy investments, says BNEF
Global investment in clean energy in the first quarter 2013 was the lowest since 2009, according to the latest figures from Bloomberg New Energy Finance (BNEF). In 2013, nonetheless, it predicts that solar installations will grow by about 20%.
Thin film opportunities as PV downturn draws to a close
Despite the declining market share of thin film technologies in global photovoltaics, as the market emerges from the current downturn, opportunities will present in various niches. This was one of the key messages delivered by speakers at the Thin Film Industry Forum, held today in Berlin.
Turkey: More PV details emerge
Turkey is poised to become one of the third largest PV markets in the Middle East over the next five years, with 1.7 GW of unlicensed commercial-scale projects set to be installed through 2018, according to further details released by Canada-based ClearSky Advisors.
Germany installs 775 MW of PV in Q1 2013
Germany reportedly added 290 MW of new photovoltaic capacity in March, according to the Federal Environment Minister. While the Federal Network Agencys figures are still to be released, if the information proves true, the solar subsidy degression planned for May could decelerate.
