On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW Entwicklungsbank, has signed a €10 million (US$13 million) loan guarantee with Brazil’s Companhia Energética de Minas Gerais (CEMIG) for the Solar World Cup 2014 project.
Solar module manufacturer Silevo appointed Aaron Thurlow as its Vice-President of sales and marketing, a position that will see him manage the market expansion for the company’s Triex technology.
Microinverter producer Enphase Energy has completed its 12th solar array with GRID Alternatives, a nonprofit that brings solar technology to communities that would not otherwise have access, on a home in Petaluma, California.
The solar industry is stuck in a cycle of overcapacity and low demand and needs to cut costs in order to conquer lower subsidies and regain profits, according to research.
LDK Solar, a wafer manufacturer, has issued a statement regarding the liquidity and working capital concerns revealed in its annual report, filed in May 2012.