UK: IMS believes government favoring nuclear over solar
IMS Research has accused the UK Government of turning its back on solar. The company says reducing tariffs and limiting support to small-scale installations will create nothing more than a niche industry. It adds that the country “has made it clear” nuclear is a viable energy option.
PV: Shifting demand and falling financial incentives
A new report has found that 2011 and 2012 will “remain challenging” for the photovoltaic industry. It also expects the market to flatten out during the period. Shifting demand and falling financial incentives are key issues.
Satcon Q1 results fall below expectations
Although Satcon Technology Corporation expects a four-fold increase in its first quarter 2011 revenue over the same period last year, financial figures have fallen below initial expectations.
3M plans ninth solar manufacturing site in China
3M has said it will build a manufacturing facility for photovoltaic materials and renewable energy products in Chinas Hefei High-tech Park.
Sungrow establishes North American HQ
As part of a $10 million investment in Ontario, Sungrow Canada Inc. has openend its North American headquarters in Vaughan. Fifty new jobs have reportedly been created.
Roth & Rau suffers earnings loss; believes turnkey is in decline
Roth & Rau AG has suffered the first ever earnings loss in its 20-year history, despite increasing sales during the 2010 financial year by 44.2 percent. Looking ahead, the company predicts modest sales increases. Meanwhile, it believes the turnkey business is in decline.
Google invests in German solar
Google has invested in a 18.65 megawatt photovoltaic power plant near Berlin, Germany.
Survey highlights risk of changing UK solar policy
A new survey has shown the number of renewable electricity projects in the south west of England has rapidly increased: photovoltaic installations comprise the lions share. However, it says proposed policy changes are risking further growth.
SolarWorld tops SVTC solar scorecard rankings
The Silicon Valley Toxics Coalition (SVTC) has published its 2011 Solar Company Scorecard. SolarWorld has come out on top, with Trina Solar following close behind. A number of other leading companies, however, failed to participate.
India: PLG Power inks 70 MW worth of PV contracts
PLG Power Limited has signed photovoltaic contracts worth 70 megawatts (MW) with the Gujarat Government in India. In total, it aims to install 200 MW by 2012.
