Suntech "technically insolvent"; Wuxi Government to step in
As speculation mounts over whether Suntech Power Holdings Co. Ltd will default on its bond repayments and be forced to file for involuntary bankruptcy today, it seems the Wuxi Government in China is almost certain to bail Suntech out. Maxim Group writes that the company is “technically insolvent.”
Financial breakthroughs propel solar from alternative energy to mainstream industry
New financial models are expected to help propel solar from being an “alternative energy” to a mainstream industry, states U.S.-based Clean Edge. It adds that PV revenues are forecast to grow to $123.6 billion by 2022. Meanwhile, solar energy will continue to expand as a major economic force, with an increasing focus on the technology’s deployment.
EPIA calls for EU industrial policy for solar
The European Photovoltaic Industry Association (EPIA) has called for an EU industrial policy to drive innovation and research into solar.
SMA pays 40 million for Chinese inverter company stake
With the Chinese authorities having approved the transaction, Germanys SMA Solar Technology AG now officially owns 72.5% of China-based Jiangsu Zeversolar New Energy Co., Ltd.
California: World's largest solar towers plan
Spanish firm Abengoa and Californian concentrating solar power (CSP) experts BrightSource Energy have announced plans for the world’s largest twin solar towers.
France announces 400 MW tender for large PV plants
The French Ministry of Energy, Ecology and Sustainable Development has announced a tender for 400 MW of PV plants 250 kW and larger.
US collaboration to advance thin film technologies
A knowledge-sharing collaboration has been announced between U.S. solar industry body the Photovoltaic Manufacturing Consortium (PVMC) and the National Renewable Energy Laboratory (NREL) to advance thin film technology.
Applied Materials' solar chief quashes solar exit rumors
The president of Applied Materials’ solar division has rubbished rumors the parent company is preparing to pull out of solar.
US hits 7.7 GW of cumulative PV capacity
On the back of another record year for the U.S. PV market, which saw 3.31 GW installed, 2013 forecasts are for 4.3 GW of new capacity. However, while utility-scale projects dominated the PV landscape in 2012, the sector is not expected to lead this year. Three future trends have further been identified.
UK: Conergy supplies modules to 15 MW of PV projects
Germanys Conergy AG is supplying 15.3 MW of its P-Series modules to four photovoltaic projects in the U.K. Spain-based Solaer is undertaking construction work.
