In a bid to generate 5% of the emirate’s electricity needs from renewable sources by 2030, Dubai authorities were cited by a Reuters India report as being on the verge of announcing details of a large solar power plant in the region. Saeed Mohammed al-Tayer, vice chairman of Dubai's Supreme Council of Energy, has said that although the 5% target will comprise several forms of renewable energy sources, “[t]his is mainly going to be solar”.
Despite a survey from Mercom Capital Group revealing that just 56% of Indians have heard of renewable energy, nearly three-quarters of the country's energy customers are willing to pay more for uninterrupted power and the opportunity to use renewable sources. These findings will help dispel the misconception at government level in India that the public are unwilling to pay more for electricity and offers further encouragement to India’s renewable energy sector.
Earlier this year, National Solar Power announced that it had narrowed its list of potential sites for its 400MW solar project to seven counties in the US southeast. After months of deliberation the company made its final decision with plans to build what is being called the largest solar farm in the US southeast in Gadsden County, Florida. While its final decision has been made, National Solar Power does note that the six other counties in Florida, Georgia and North Carolina will continue to be considered for future solar farm projects.
Although the company has long held a presence in the country via its distribution network, Tenesol has decided to establish a subsidiary company in Marousi, central Greece. The company has appointed Manthos Kallios, formerly of PPC Renewables, as general manager of the subsidiary.
In a move likely to expand the module manufacturer’s reach in Asian markets, Solaria Energía y Medio Ambiente has signed a cooperative agreement with Chengdu, China-based Dongfang Electric Corporation (DEC), and has secured a purchasing credit line worth US$30 million from DEC for the purchase of cells and project components.
According to news reports, US-based solar installation firm, SolarCity will not be able to complete and comply with documentation deadlines of September 30 to be considered for a US Department of Energy loan guarantee, previously announced.
Despite boardroom spats, technology deviation, and financial concerns, Solar Millennium said that Hannes Kuhn has resigned from company's supervisory board with immediate effect.
Former VP of sales and business development at SolarCity, John Lefebvre, has been appointed president of Suntech America, now responsible for boosting Suntech's market position throughout North and South America. The US is a key market for Suntech, and, as market leader in 2011, the company expects to benefit from the US market's doubling this year.
Overcapacity is continuing to take its toll on PV module prices, according to the latest ‘Solarbuzz Quarterly’ report. Factory gate prices are claimed to be down 33% year-on-year and will fall a further 18% in the fourth quarter of 2011. Solarbuzz warns that module inventory levels could reached almost 22GW by the end of next year if production is not cut drastically. The backdrop for the supply and demand imbalance is installation levels that are proving to be weaker than expected.
SunEdison’s 53.5MW multi-site solar PV project in New Mexico looks set for completion by the end of this year, and has been buoyed by the news that it has secured financing of over US$200 millions from financier Wells Fargo. MEMC subsidiary company SunEdison has now activated three of the five power plants that together make up the 53.5MW total, and the remaining two plants are scheduled for completion before year’s end.
