Belectric advised that the deal to acquire Konarka Technologies has been completed, with an agreement reached between the two companies. Konarka Technologies applied for insolvency earlier this year and began negotiations with several investors. Alexander Kubusch, preliminary insolvency administrator from Curator, commented, “…our talks have now reached a successful conclusion. Of the many interested parties, we ultimately opted for Belectric Holding, because this company not only offered an ideal solution to the issue of business operations but also went a long way toward upholding the interests of creditors.”
The government of Tamil Nadu, India, has committed to generate 3,000MW of solar power by 2015 (1,000MW per year) through its newly launched Solar Energy Policy 2012, according to reports.
The surge in solar activities in Japan is continuing with Tokyo-based Marubeni Corporation announcing plans to create a “mega-solar power business” by building an 81.5MW solar plant in Oita City, Japan.
Housing charity Habitat for Humanity is launching an initiative to provide solar installations for households in Ofunato, a Japanese city that was badly hit by last year’s tsunami.
At his keynote speech at Solar Power International in Florida this year, former President Bill Clinton put forward a proposal to energize the solar PV industry: “Americans need to know more than they now know”.
ET Solar Group announced that it has signed an MOU with EnergiMidt under which is will be the Danish company’s major PV module supplier. The MOU forms the strategic tie between the two companies and will be prominently utilized for EnergiMidt’s 2013 rooftop PV project requirements.
