Isofoton advised that it has signed a joint development agreement with Korea’s Posco Plant Engineering for the international development of solar projects. The EPC company and solar module company noted that the projects will mainly be focused in the US, a locale in which Isofoton plans to install a 100MW solar plant later this year. Isofoton acknowledged that this partnership was a way to help broaden its international presence.
Six Wal-Mart stores in Colorado are sporting new solar installations thanks in part to SolarCity. The company installed 2MWon three stores in Westminster and 1MW at stores in Lakewood, Highlands Ranch and Lafayette. The projects all contribute to Colorado’s goal to generate 30% of its electricity from renewable sources by 2020.
PV inverter manufacturer, Satcon Technology has said that new orders have increased 130% in the first quarter of 2012 compared to previous quarter, reaching a bookings value of approximately US$45 million. The company said the quarter had been the most successful bookings period in four quarters, with a book-to-bill ratio of 1.9:1.
Nextronex has been selected by the American Municipal Power (AMP) to supply a 4.2MW solar plant in Napoleon, Ohio with its 1,000V DC converters. The project is expected to be completed in July 2012.
Flexibility in PV manufacturers' purchasing strategies, especially in the case of in-house sourcing of polysilicon and wafers, can have a significant impact on manufacturing costs, according IMS Research, which was recently acquired by IHS. The latest twist in purchasing tactics by manufacturers is driven by aggressive price declines in 2011 that are expected to continue in 2012.
Zentric has announced that it is planning to acquire Innovative Solar I and Innovative Solar II. Both companies are developers and owners of two separate PV plants to be constructed in Leicester, North Carolina with each of the plants having an estimated value of US$4 million.
Specialist PV system monitoring firm, Solare Datensysteme said that sales had reached almost €7 million in the first quarter of 2012, a 118% increase over the same quarter in 2011. The company guided sales in the second quarter of 2012 would be inline with the first quarter. The increase in sales was said to be due to sales success in a wider number of countries, including Canada and the US.
In a joint venture, NYSE Euronext and research company Bloomberg New Energy Finance (BNEF) have developed three new sector indices covering solar and wind energy as well as energy smart technologies (EST). Each index is produced using the different global stock market values of 70–200 industry companies, and a minimum threshold exposure to applicable renewable energy sectors is also calculated.
Ikea continues to make its stores more sustainable. The company has connected a 1,063kW PV system at its store in Paramus, New Jersey to the grid. The system is 132,000 square feet in size and utilizes 4,620 PV panels. This is Ikea’s 17th solar power installation in the US.
Ikea does not have any PPAs but operates every store’s system itself. Just like with former projects, REC Solar was responsible for the design, development and installation of the system.
Bidding for the real estate, patents and facility inventory of failed Dutch thin-film PV cell manufacturer Nuon Helianthos BV, will begin on April 16. The company announced that the pilot plant, located in Arnhem, would be closed last year after failing to reach commercial production due to lack of investment.
