The boards of Taiwan-based PV manufacturers Neo Solar Power (NSP) and DelSolar have approved the second stage of the planned merger of the two companies.
GDF SUEZ has entered into an agreement to sell a 60% equity interest in its 680MW Canadian renewable generation portfolio to Mitsui & Co and a consortium led by Fiera Axium Infrastructure.
The Energy Solutions division of German technology manufacturer Gildemeister has been awarded contracts worth €29.2 million (US$38.5 million) to deliver PV power plants and energy storage technology in Romania, Germany and Italy.
Specialist PV equipment supplier, GT Advanced Technologies (GTAT) said it would exit the Directional Solidification System (DSS) market altogether due to market conditions that are not expected to recover sufficiently to justify continued involvement in the sector.
On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW Entwicklungsbank, has signed a €10 million (US$13 million) loan guarantee with Brazil’s Companhia Energética de Minas Gerais (CEMIG) for the Solar World Cup 2014 project.
UK-based solar wafer producer, PV Crystalox Solar will implement a significant reduction in its workforce, while discontinuing its polysilicon operations in Germany and heavily cut ingot production in the UK and wafer production in Germany.
Slower demand from key European markets saw Suntech Power Holdings report preliminary Q3 2012 revenue of approximately US$387 million, down 18% from the prior quarter.
US renewable energy firm Greenpower Capital and Wirsol Solar, an international PV developer based in Germany, have established a joint venture which focuses on financing and building solar projects in Japan which have a capacity of 10MW or more.
Developing renewable energy projects in India is more expensive than in either the US or Europe, according to a report released by the Climate Policy Initiative (CPI) and the Indian School of Business (ISB).
The founders of Israeli solar provider Arava Power Company have established a new business to develop solar projects in emerging markets outside Israel.
