New Jersey hits 1 GW installed PV capacity
Figures from a SEIA/GTM Research study released last week have confirmed that the state of New Jersey has hit the 1 GW installed photovoltaic capacity milestone. The state added 415 MW of capacity in 2012, an increase of one-third on 2011, when 313 MW was installed.
China: Suntech appoints former state-owned company exec president
Suntech Power Holdings Co. Ltd has appointed Weiping Zhou, former chairman of Guolian Futures Co., Ltd and finance department manager of government-owned investment company Wuxi Guolian Development (Group) Co., Ltd, executive director and company president.
Emerging countries to boost inverter market
Frost & Sullivan’s new report “Analysis of the European inverter market for renewable energy systems” states that the market will reach 5.24 billion in 2018. 2012 saw earnings of more than 3.58 billion. Emerging markets in Belgium, Slovakia, Greece, Czech Republic and Bulgaria are said to offer substantial opportunities.
Solarpack starts work on 25 MW PV plant in Chile
Solarpack has broken ground on its 25 MWp Pozo Almonte Solar project in Chiles Tarapacá. It is scheduled for completion by the end of 2013.
Insolvency petition submitted for Wuxi Suntech
Suntech Power Holdings Co. Ltd has today announced that a petition for insolvency and restructuring was filed against subsidiary Wuxi Suntech Power Holdings Co., Ltd on Monday, March 18. Wuxi Suntech has not objected to the filing.
China: Scaling back ambitions and overhauling PV subsidies
This years PV Project Implementation Conference China saw around 80 solar industry professionals gather to discuss large-scale opportunities in what is tipped to be the biggest PV market of 2013. In contrast to the governments declared 10 GW targets, forecasts are that just 8 GW of new PV will be added in China this year. Meanwhile, rumor has it, the Golden Sun Program will soon be scrapped.
Germanys proposed electricity price break faces failure
Talks between Germanys Federal Environment Minister and state representatives ended inconclusively yesterday. As such, no agreement on the electricity price break is expected this week.
Italian-Chinese talks over 32 MW PV park in Greece
Italy-based Energy Resources Ltd announced it has signed a 50 million contract to build a 32 MW photovoltaic park in Greece.
MEA region PV demand to reach 1 GW in 2013
In a report released today, NPD Solarbuzz has predicted that photovoltaic demand from the Middle East and Africa (MEA) will total 1 GW in 2013. This represents a 625% increase on the 136 MW of demand in 2012.
Germany: Altmaier still for storage incentives
Germany’s Federal Environment Minister is still advocating PV storage incentives from May onwards. However the funding issue remains unresolved. Peter Altmaier also mentioned at the Energy Storage conference in Düsseldorf that he expects more than 4 GW of PV development in Germany this year.
