MEMC Electronic Materials and its solar subsidiary, SunEdison, revealed that they had completed the acquisition of Fotowatio Renewable Ventures, Inc. (FRV US), the US subsidiary of Fotowatio Renewable Ventures. MEMC paid a the disclosed consideration of US$112 million plus repayment of nearly US$19 million in intercompany loans and capital contributions. An additional consideration of up to US$103.6 million may be paid if FRV US reaches specified performance targets.
After recently announcing that it had shipped its first international trichlorosilane (TCS) delivery, SunSi Energies has advised that the first phase of the expansion for its Wendeng TCS facility in Weihai City, China is complete. The expansion increased the facility’s production capacity by 50%, or 10,000MT, to 30,000MT.
Clean Power Finance (CPF) is in the midst of what is shaping up to be quite a promising month. The company recently closed a US$25 million investment led by new investor Kleiner Perkins Caufield & Byers (KPCB), received a US$3 million US Department of Energy (DOE) SunShot award and appointed three new board members and a new CEO.
New South Wales’s defunct Solar Bonus Scheme feed-in-tariff (FIT) programme is to blame for an AUD$A12 a year expected increase in household electricity bills from 2013, according to coalition government politicians – a finding met with incredulity by the Australian Solar Energy Society (AUSES).
Canadian Solar is to present at Susquehanna Financial’s Fifth Annual Beijing Management Summit on September 15. The PV company’s senior vice president and CFO, Michael G. Potter, and the director of investor relations, Ed Job, will present at the financial firm’s summit, which takes place at the Grand Hyatt Beijing Hotel. Investors will also be able to meet with Canadian Solar’s management at the summit.
Thin-film PV module manufacturer NexPower has begun mass production of its new 155W tandem-junction thin-film silicon module. The latest member of the Taiwanese company’s silicon NT-series, the new module will be renamed Xtreme+, along with all further NT-series modules to reach over 155W of nominal power.
On August 15, Tsumkwe, a small village in Northern Namibia was able to receive its first, around-the-clock electricity supply in three years thanks to a hybrid solar system completed by juwi Solar. The 200kW system, consisting of a 1MW battery storage unit and three integrated diesel generators, is claimed to be one of Africa’s largest off-grid solar systems and supplies Tsumkwe’s public buildings and 100 private households with electricity.
The world record holder for monocrystalline screen-printed solar cell efficiency, Schott Solar, will unveil further new lightweight modules and efficient prototypes at this year’s EU PVSEC in Hamburg.
Belgian research centre imec has announced the development of its new organic PV cell. Developed in conjunction with Pennsylvanian technology company Plextronics and Belgian chemical company Solvay, the polymer-based single junction cell achieves an efficiency of up to 6.9%. A module using the same polymer achieved an efficiency of 5% across an area of 25cm2.
Canadian silicon metal producer Timminco has promoted its executive management team following the recent resignations of President and Chief Operating Officer, John Fenger, as well as Executive Vice President, Finance and Chief Financial Officer, Rob Dietrich.
