Energy Conversion Devices (ECD) has announced that the auction date for the sale of United Solar Ovonics (USO) will be put back to 10:00 a.m. (Eastern Time) on May 8, 2012. The auction was previously set for 10:00 a.m. (Eastern Time) on April 24, 2012 following the company’s entry into Chapter 11 proceedings in the Bankruptcy Court for the Eastern District of Michigan in February 2012.
Hyundai Heavy Industries (HHI) has announced the achievement of 19.7% conversion efficiency for its copper-contact solar cells. The record, for a selective-emitter cell, was obtained using standard 156mm commercially available p-type silicon wafers and has been verified by Fraunhofer ISE.
Solarhybrid Israel, subsidiary of Solarhybrid, recently sold 201MWp of project rights, which it originally bought in January for US$2,391,705, to Summit Energy of Israel. Under the agreement, current liabilities of Solarhybrid Israel amounted to US$398,617.50, while earn-out-payments in connection with the acquisition of the project rights totaled US$5,580,645.
During the latest round of auctions by state-run Karnataka Renewable Energy Development (KREDL), Welspun Group and Sunborne Energy Holdings were awarded contracts to build solar PV plants in Karnataka, India. According to Bloomberg, Welspun plans to build a 7MW PV project while Sunborne will develop a 10MW solar thermal project.
A Japanese government panel is said to be on its way to setting a feed-in tariff of ¥42 per kilowatt hour (approximately US$0.51), according to a Reuters report that in turn cited the Nikkei business daily. The new subsidy scheme is to come into play from July and is a response to the global disapproval of the country’s handling of the Fukushima nuclear crisis in March 2011.
According to a Hindu Business Line report, eight PV developers have been selected to install a total of 60MW in the Indian state of Karnataka.
In total the state will see the installation of 80MW of solar energy, of which 20MW will be solar thermal and 60MW PV energy. The Karnataka Solar Mission aims to install and connect 350MW by the year 2016. The developers were selected in a reverse bidding process. A second set of auctions is scheduled for October.
Situated in Deagu, Gyeongsangbuk-do Province of South Korea, Jurasolar’s new 60MW module manufacturing facility is nearing completion and will be opened in May, according to the company. Equipped with tools including a fully automated PV module manufacturing line from German company JvG Thoma, the factory will produce the company’s ‘JvG Desert Modules’, named to reflect their ability to perform in extremely high temperatures of over 125°C.
Cape and Vineyard Electric Cooperative (CVEC) has contracted Broadway Electrical Company with a Round II PV agreement to supply a total of 49.4MW energy for projects in Massachusetts. The company will develop, install and operate 44 PV projects in varying sizes, located in the areas of Martha’s Vineyard and Cape Cod. Broadway Electrical will sell the energy through a number of 20-year PPAs.
Former CEO of the Carbon War Room, Jigar Shah, and Eric Graber-Lopez of BlueWave Capital will both be speaking at the May 11-12 Solar Future Eastern USA 2012 conference and both agree that within the next five years solar energy in a large part of the US will be cheaper than power from the grid. They cite the continued drop of solar panel costs, combined with transportation costs of electricity increasing as the factors leading to such an expanded solar market.
Yingli Green Energy Holding and China Development Bank have signed a framework agreement for US$324 million in funding according to a report from Bloomberg. The funding will be used for a trade platform in Hong Kong in order to import raw materials.
