PLG Power Limited, the flagship energy and power division of PLG Group, launched India’s biggest solar power generation plant of 40MW at Patan in Gujarat. This is one of the largest solar power projects in the country, reports The Hindu.
Tigo Energy has secured investment of up to US$20 million to help expand its manufacturing, international sales and logistics divisions and meet rising demand for its Maximizer Management Unit.
The recent announcement by the US Department of Energy (DOE) to invest US$457 million in solar technology development under the moniker of the SunShot Advanced PV Manufacturing Partnerships Program has given the industry a welcome boost. With the recent payout to the College of Nanoscale Science and Engineering (CNSE), news has emerged that Veeco has partnered with the CNSE for technology development and reduction of costs associated with CIGS technologies.
Clean Energy Pathways and Green Mountain Properties have signed a joint venture agreement that will see the companies collaborate on a 4MW, US$28 million, solar PV plant in Green Mountain, North Carolina. Green Mountain will supply the 40 acres of land where the facility will be built, while Clean Energy acts as lead developer.
Hanwha Chemical is planning to spend KRW1.04 trillion (US$955 million) on a new polysilicon plant in South Korea to help double sales over the next five years. When construction is completed in July 2013, the Yeosu plant will have the capacity to produce 10,000 metric tonnes of polysilicon a year.
Continuing its PV equipment company consolidation attempts, Meyer Burger will acquire Roth & Rau in a friendly takeover. Meyer Burger said it had already acquired a total of 11.3% of the share capital of Roth & Rau AG from the founders and key shareholders. Meyer Burger is offering bearer shares in Roth & Rau at €22 per share in cash, a premium of around 41% compared with the volume-weighted average share price of the past three months. The total deal is worth approximately €356.6 million.
Wacker Chemie's long-planned construction of a 15,000MT per annum polysilicon plant in Cleveland, Tennessee, has officially broken ground. The project is said to cost around US$1.5 billion and will create some 650 new jobs when the plant become operational in late 2013. With other planned capacity expansions in Germany, Wacker reiterated that it expects to reach an annual polysilicon capacity of 67,000MT in 2014.
French utility EDF will acquire the outstanding 50% share in EDF Energies Nouvelles after the renewable energy firm accepted an offer of €40 per outstanding share. This represents a premium of 10.4% on the share closing price on April 7 and a 23.8% premium compared to the daily volume-weighted average over the last six months.
United Solar and Advanced Green Technologies (AGT) have finished work on a new 807kW system spanning six school rooftops in New York’s South Country School District. Each school will generate around 158,000 kWh of electricity per annum and save over US$25,000 in the process.
Just a few miles from First Solar’s manufacturing operations in Perrysburg, Ohio, CdTe thin-film start-up Willard & Kelsey Solar Group (also known as WK Solar) has purchased a module lamination system from Bürkle.
