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.
Chinese polysilicon manufacturer Daqo New Energy has reported 1,001MT of polysilicon shipments and 2.4MW of module shipments for its preliminary third quarter 2012 results.
Although shipments increased 5.8% in Q3 2012, compared with the previous quarter, China-based PV manufacturer, ReneSola had declining ASP’s that resulted in revenue down 6.4% q-on-q.
The European Investment Bank is to loan Enel Green Power €160 million (US$233 million) to help fund the company’s development programme in Italy through 2014.
