Public Services and Utility Group (PSEG) has reached agreement with the New Jersey Board of Public Utilities (BPU) on plans to invest almost US$500 million in new solar capacity in the US state.
Concentrated PV (CPV) manufacturer Amonix claims to have converted a record 36% of sunlight into energy in a module trial at the US National Renewable Energy Laboratory.
Manufacturer Kyocera Solar is planning to lay off staff at its manufacturing plant in San Diego, California, because of weak demand for US-made solar modules.
The global market for energy storage in PV is forecast to grow to US$19 billion by 2017 from just $200 million last year, according to research by IHS.
US manufacturer and developer First Solar has sold its 139MW Campo Verde solar project in California to Southern Company subsidiary Southern Power and Turner Renewable Energy.
Shares in China’s troubled PV manufacturer Suntech rallied yesterday following unconfirmed rumours that US investor Warren Buffet is considering buying the company.
Bill Gates has given financial backing to the development of a new energy storage system aimed at cutting the intermittency of renewable energy technologies such as solar.
