By .(JavaScript must be enabled to view this email address) - 19 March 2009, 01:50
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AIG bails out of solar, as unit sells off Spanish PV assets

AIG Financial Products, a unit of beleaguered American Insurance Group, and Spanish investment bank 360 Corporate said that they have sold their interests in three operating Spanish solar PV power plants to HgCapital, a London-based private equity firm.

With a combined capacity of 35.4 MWp, the sites are said to have an enterprise value of about €300 million. Terms of the sale were not disclosed.

Hg said that the three projects are its first Spanish and solar investments. The newly acquired sites include two fixed-axis systems, with a combined capacity of 17 MWp, and one single-axis tracker installation of 18 MWp. All projects qualified for the Spanish PV tariff between May and July 2008, according to Hg.

AIG's spokesman Mark Herr told Greentech Media that the three power plants are located in Extremadura, Murcia, and Castilla-La Mancha and that the operators of the plants are City Solar, Proener, and SunPower.

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Photovoltaics International 16th Edition

This sixteenth edition of Photovoltaics International marks four years of production of the quarterly journal. As always, our focus is on efficiency and quality improvement and cost reduction in manufacturing. As 2012 rolls along, companies are falling by the wayside due to supply and demand issues, ASP declines and drastic governmental subsidy cuts. A clear picture of 2012 is offered through papers from the likes of TÜV Rheinland, Fraunhofer ISE, SEMI PV Group and EPIA, amongst others.
Photovoltaics International Lite, Volume 05 - 2011

This digital interactive Lite sees Tom Cheyney follow Agua Caliente’s progress on becoming one of first truly utility-scale PV power farms, where 40–50MW (AC) will be commissioned by the end of the year. We also feature one of the world’s largest silicon thin-film PV power plants, Avenal; a report on warnings of the collapse of module prices from Solarbuzz and PI-Berlin presents tips on PV module testing. A print version of this edition will be distributed at Solar Power International 2011 in Dallas, Texas.
Manufacturing The Solar Future: The 2012 Production Annual

Manufacturing the Solar Future 2012, the second in the Photovoltaics International PV Production Annual series, delivers the next installment of in-depth technical manufacturing information on PV production processes.

AIG bails out of solar, as unit sells off Spanish PV assets

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