The US Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) is putting out a call to all energy developers and financiers to submit their input on renewable financing terms, which will help the NREL in its effort to collect and share quantitative data in order to evaluate obstacles in the development of renewable energy projects.
IHS iSuppli Photovoltaic Service has released a new report projecting California to remain the top solar market in the US through 2015. Currently the state has the potential to add 7.5GW of installed PV power between 2010 and 2015 with installed PV capacity projected to reach 967MW in 2011 alone. IHS foresees California generating nearly 1.2GW of solar power in2012, which would be more than the PV capacity of the next six-highest states combined.
Three years after solar mounting manufacturer Quick Mount PV moved into its present Concord, California facility, the company revealed plans to move all company operations into a larger, 133,000 square foot home base in Walnut Creek, California. The relocation will take place during the middle of the first quarter in 2012, which, the company states, will allow it to meet the ever-increasing demands for its products.
Event organizers of 26th European Photovoltaic Solar Energy Conference and Exhibition (26th EU PVSEC), being held this year in Hamburg, Germany next month have said that the entire exhibition space has been fully booked with 950 exhibitors occupying 80,000 square metres of floor space.
Company name changes can often be as part of a rebranding exercise, sometimes due to poor performance or turmoil. This is certainly not the case with GT Solar, which is outperforming much of its competitor base in the PV equipment market sector. Having secured approximately US$1 billion in order backlog for its new foray into the LED sapphire wafer manufacturing market and hints by executives of further acquisitions, a new name, GT Advanced Technologies was seen as better reflection of what the company is now doing and where it intends to play in the future.
India’s National Solar Mission has taken a major step forward by approving 35 new systems. The projects will contribute 610MW towards the government’s goal of generating 20GW through solar by 2022.
Updated: The optimism from the first quarter was short-lived at JA Solar, which has warned investors that ASPs declined faster than expected in the second quarter, negatively impacting gross margins. Coupled to ‘high-cost inventory provisions,’ gross margins are expected to be in a negative low single digit range, according to a company statement.
Commercial operation has begun at California’s largest solar power project after NRG Solar and Eurus Energy America activated their 45MW Avenal Solar Generating Facility in Kings County. The facility was developed by Eurus and the electricity produced will be sold to Pacific Gas & Electric (PG&E) under separate 20-year power purchase agreements.
The continued construction and eventual interconnection of what will be the world’s largest solar PV power plant now seems assured. The US Department of Energy’s Loan Programs Office has finalized a $967 million loan guarantee for the 290MW (AC) Agua Caliente solar project in Arizona, thus triggering the purchase close of the project by NRG Energy from First Solar. The plant could start generating electricity for PG&E as early as the end of this year.
China-based PV cell and module manufacturer, Realforce Power Co has entered into a long-term wafer supply deal with GCL-Poly. Under the supply contract, GCL-Poly is providing a total of 4,200MW of solar wafer products starting from July 2011 to December 2016. A price adjustment mechanism is included in the contract, according to the wafer producer. GCL-Poly has provided wafers to the 3-year old start-up for some time.
