ReneSola has entered into a supply agreement with Greek Big Solar, the company has announced. Under the agreement, ReneSola will provide Big Solar with 100MW of its Virtus PV modules. ReneSola further announced the revision of its 2012 half year shipment guidance of wafers and modules, which is expected to be up to 1GW. The company assumes that the full year shipments with be up to 2.4GW compared to previous estimation of approximately 2GW.
Indonesian State oil and gas company PT Pertamina has signed a memorandum of understanding (MoU) with PT LEN to develop a local PV industry, the company has announced. The current Indonesian solar capacity is 17MW and PT Pertamina hopes to boost the solar industry by producing solar cells locally instead of having to import them. To date, only modules and PV systems are manufactured in Indonesia, cells have to be imported.
Chinese company Sky Solar will be a conduit to help form a strategic partnership for bilateral free trade between China and Chile. CEO Amy Zhang recently attended a banquet hosted by Chilean President Sebastian Pinera in the capital, Santiago, an event also attended by Chinese Premier Wen Jiabao and his entourage.
Chimes International was joined by state and local officials, as well as representatives from Gas Energy Services (WGES) and Bithenergy as it commemorated its new rooftop PV system at the Terry Allen Perl Centre. The 259kW system uses 1,079 panels and was made possible through a combined effort between Chimes, WGES and Bithenergy.
The US Energy Department’s (DOE) loan-guarantee is walking a fine line these days, which cannot make life any easier for 1366 Technologies and SoloPower as they prepare to receive funding from the same DOE guarantee that failed solar companies Solyndra and Abound Solar partook in. A report by Bloomberg noted that both 1366 Technologies and SoloPower qualified for guarantees last year and are currently working to meet milestone in order to gain access to the credit.
Earlier this year, SunSi Energies advised that it had signed a binding letter of intent to acquire a 51% controlling interest in TransPacific Energy. Today, the company revealed that it has increased its equity stake in TPE to nearly 45% and plans to gain the additional equity necessary to reach 51% by the end of the month.
IKEA recently brought its 22nd solar project online at its Tampa, Florida store. Developed, designed and installed by REC Solar, the 1,189kW system uses 4,956 PV panels and is built across 148,800 square feet of the store’s rooftop space. The companies expect for the array to produce around 1,792,300kWh of electricity per year.
Spanish Prime Minister Mariano Rajoy Brey has come to blows with a group of 11 international infrastructure funds, including those managed by HSBC and Deutsche Bank. The prime minister has pledged to Parliament to tax utilities in an attempt to raise sorely needed cash from renewable energy to curb €25 billion of debt. The financial institutions are threatening cutting investment and taking legal action if reforms are tougher on renewables than traditional energy sources, throwing further companies into bankruptcy.
Heritage Global Partners and Schneider have entered a partnership for an asset auction, the companies have announced. The two companies have scheduled the auction for AE Polysilicon’s Pennsylvania manufacturing facility for Tuesday, July 31, 2010, beginning at 9am Eastern Time.
During Intersolar North America’s opening session in San Francisco this week, the US Department of Energy’s (DoE) National Renewable Energy Laboratory (NREL) announced its membership of the newly-formed Global Alliance of Solar Energy Research Institutes.
