Centrosolar Group is to issue a five-year bearer bond in Austria and Germany with a value of up to €50 million. The corporate bond will accrue interest at 7% per annum, and the securities prospectus required for the bond is expected to be approved by the Federal Financial Supervisory Authority (BAFin) on January 20, 2011.
Jiangsu Guoxin New Energy and Jiangsu Sainty Solar System have joined forces to build a 4MW rooftop array in Siyang, China. The system, which cost US$14.5 million and covers an area of 52,000 square metres, has the potential to generate in excess of 4.64 million kWh of electricity per annum during its 25-year lifespan.
In an attempt to consolidate its position as one of the world’s leading integrated solar companies, BP Solar has decided to enlist the help of a specialist partner to help manage some of its portfolio of off-grid projects. Control of French BP Solar’s off-grid operations has been handed over to Phaesun.
Having been on Supervisory Board of Q-Cells since 2002, Marcel Brenninkmeijer the Good Energies investment representative has resigned his position. He will now be engaged at the Good Energies Foundation in promoting global access to renewable energy sources in order to ease poverty. Brenninkmeijer founded Good Energies in 2001.
SMA America has opened its new service center in Rocklin, California, that has been dedicated to provide customers with technical support over the phone, internet and on-site throughout the U.S. and Canada. SMA America assures that every call is received by a live person at the new service center, which also offers its customers that ability to email service representatives for help.
Alternate Power International, in conjunction with Sustainable Energy Technologies, has announced a partnership between the two companies that will see API bundle Sunergy inverters with its Sun-Spy SST-10 solar tracker for the micro-FIT and FIT markets. Taking into account API’s forecasted 2011 demand, Sustainable Energy will produce up to 5MW of Sunergy inverters and offer its technical support in order for API to achieve the most advantageous tracker performance.
Southwest Solar Technologies (SST) has completed the first stage of its solar park in Phoenix, Arizona. The focal point of the 18-acre facility is a 75-foot wide solar dish, which plays a key role in SST’s solar dish turbine technology.
According to a new report from market research firm Photon Consulting, the PV industry is looking at a supply-driven price crash on the back of expected strong feed-in tariff cuts in Germany over the next two-years, which will dampen demand sufficiently to cause a glut in modules and impact the entire supply-chain.
Canadian Solar has revealed that it was one of the principal module suppliers for SunEdison’s recently-completed 70MW plant in Rovigo, Italy. Rovigo will power 16,500 homes in northeast Italy and has been labelled by SunEdison as the largest single-operating PV solar power plant in Europe.
Building work on Boralex and Q-Cells’ 4.5MW solar park in southern France is set to commence after the firms finalised financing and planning for the €14.6-million venture.
