Former CPV system manufacturer Energy Innovations will have its assets auctioned off by Heritage Global Partners as an Assignment for the Benefit of Creditors. The company was a Poway, California-based HCPV company until insolvency proceedings in the form of liquidation of assets were initiated by its creditors.
Bharat Heavy Electricals Limited (BHEL) has revealed that it has commissioned a total of 13MW of grid-connected solar power plants throughout India for the current financial year. All of the projects that make up this 13MW total have been commissioned on an EPC basis, and include a 3MW plant in Raichur, Karnataka; a 5MW plant in Rajasthan; two 2MW plants in Maharashtra and over 1MW in the Lakshadweep Islands.
The recovery in solar cell shipments continued into February for Taiwan-based crystalline solar cell producer, Neo Solar Power (NSP). The company reported sales of approximately US$34.4 million, compared to US$22 million (NT$850 million) in January and up from NT$663 million in December, 2011 when sales hit a two-year record low.
Impairment charges due to price declines and expected challenging market conditions in 2012 weighed on Q-Cells' preliminary fourth-quarter and full-year results. The company reported a fourth-quarter EBIT loss of approximately €355 million and a full-year 2011 loss of €846 million. Fourth-quarter revenue was €353 million, up significantly from €299 million in the third quarter. Revenue for the year reached €1,023 million.
Bloomberg is reporting the Energy Conversion Devices (ECD) has struck a deal with Baraclit, an Italian building-material company, which will integrate ECD’s solar products into its roofing materials. No details on compensation or the amount of materials to be supplied were revealed.
Construction of a new solar project on New Jersey’s Rutgers University is underway with financing being provided by Key Equipment Finance and KeyCorp. SunDurance Energy is the solar integrator for the project, which will use over 40,000 high-efficiency panels mounted on canopy structures over two large surface parking areas on the Livingston Campus.
ET Solar advised that on March 20, at Ecobuild 2012, it will debut its new high-efficiency Moly PV module series. The PV modules use the new mono-like cell technology, quasi-mono cell, which are said to achieve conversion efficiencies up to 18.2% and contain a lower amount of oxygen than traditional monocrystalline cells.
The Kauai Island Utility Cooperative (KIUC) issued a RFO on March 2 for the pursuit of a second solar PV project ranging in size from 8 to 10MW. The RFO was issued to landowners for sites to host the PV project and to PV project developers who have a project and site identified and can propose a turnkey construction solution to KIUC.
The US arm of Martifer Solar has received funding totalling US$3 million from the New York State Energy Research and Development Authority (NYSERDA) as part of the Authority’s Solar Electric Incentive Program. The funds are designed to offset system installation costs in New York State as part of the renewable energy portfolio standards in New York City and Westchester regions. NYSERDA was said to have allocated a total of US$30 million in grant money to eligible solar contractors through a highly competitive grant process.
A groundbreaking ceremony has taken place for the future manufacturing hub of Panansonic’s HIT modules in Malaysia, Sunday, March 4, 2011. In an attempt to become cost-competitive with Asia-based rivals, the 300MW plant is the company’s first fully integrated facility, which will fabricate solar wafers, cells and modules.
