Canadian Solar has signed a 100MW solar module supply contract with Fire Energy Group. Under the terms of the agreement, Canadian Solar will deliver modules throughout 2011, with prices adjusted on a quarterly basis.
Avidan Management has finished work on its 4.26MW rooftop solar system in Edison, New Jersey. The array, designed and installed by Solar Nation, generates 5 million kWh of electricity a year, which will be used to help power the 656,255-square-foot office and storage facility on which the system is housed.
After two months of uncertainty, the Italian Government finally looks set to unveil its much-anticipated new solar feed-in tariff bill. A draft decree of the Conto Energia IV bill is currently in circulation and includes legislation to reduce subsidies and introduce a 23GW cumulative cap until 2020, according to analysts at Germany’s Commerzbank.
Monocrystalline wafer manufacturer Comtec Solar Systems has recorded net profit of ¥83.5 million (US$12.8 million) for the first quarter of 2011. This was a huge 311.1% rise on the Q1 2010 number and highlighted an impressive set of unaudited Q1 figures.
Solar cell manufacturers are undertaking aggressive expansion plans at present in an attempt to meet ambitious 2011 shipment forecasts, according to Solarbuzz’s latest quarterly report. This ramping up of production has the potential to create US$15.2 billion in revenue for manufacturing firms – a year-on-year rise of 41%.
Yingli Green Energy has signed an exclusive module distribution agreement with YHS. Under the terms of the contract, YHS will purchase modules totalling 10MW and take on the role of Yingli’s sole Japanese residential market distributor.
CBD Energy is on the verge of signing a contract finalising its joint venture with two of China’s biggest renewable energy companies, China Datang Renewable Power and Tianwei Baobian Electric.
The Italian Government is considering introducing an installed capacity cap for solar subsidies as part of its new renewable energy legislation, reports Reuters. If confirmed, this latest twist in the subsidy saga is a major blow to the industry and comes just six weeks after reports circulated that the government had dismissed plans to introduce an industry-wide 8GW.
Areva Solar has won the right to install the Southern Hemisphere’s largest solar power system in Queensland Australia. The 44MW solar thermal augmentation project will be installed at CS Energy's 750MW Kogan Creek coal power station and generate around 44,000 MWh of electricity per annum.
Conergy has finished work on its new 2.2MW PV park in north Brandenburg, Germany. Once connected to the grid, the system, which is made up of 27,300 modules and spans 12 acres, will generate 2,134 MWh of electricity every year.
