Energy Conversion Devices (ECD) has announced that the auction date for the sale of United Solar Ovonics (USO) will be put back to 10:00 a.m. (Eastern Time) on May 8, 2012. The auction was previously set for 10:00 a.m. (Eastern Time) on April 24, 2012 following the company’s entry into Chapter 11 proceedings in the Bankruptcy Court for the Eastern District of Michigan in February 2012.
Solarhybrid Israel, subsidiary of Solarhybrid, recently sold 201MWp of project rights, which it originally bought in January for US$2,391,705, to Summit Energy of Israel. Under the agreement, current liabilities of Solarhybrid Israel amounted to US$398,617.50, while earn-out-payments in connection with the acquisition of the project rights totaled US$5,580,645.
A Japanese government panel is said to be on its way to setting a feed-in tariff of ¥42 per kilowatt hour (approximately US$0.51), according to a Reuters report that in turn cited the Nikkei business daily. The new subsidy scheme is to come into play from July and is a response to the global disapproval of the country’s handling of the Fukushima nuclear crisis in March 2011.
Yingli Green Energy Holding and China Development Bank have signed a framework agreement for US$324 million in funding according to a report from Bloomberg. The funding will be used for a trade platform in Hong Kong in order to import raw materials.
This weekend, Spain will be following in the footsteps of its European cousins, having organised a demonstration against cuts to its solar incentive scheme and energy moratorium. April 22, Earth Day, at noon, Spaniards will march from Santo Domingo Opera Dos de Mayo in the hope their government will take heed of their warning even though similar events in Germany and Italy fell on deaf ears. The UK is currently the only European country to have had any success against curtailing feed-in tariff cuts, no matter how short term the result may be.
Solar collector manufacturer SkyFuel has announced that it now offers insurance on their product warranties. After a year of negotiations, German reinsurer Munich Re has agreed to back SkyFuel’s warranties.
The European Photonics Industry Consortium (EPIC) has announced that Carlos Lee will become its new director general with immediate effect. The announcement, made at the association’s recent annual general meeting, will see Lee replace Thomas Pearsall, who has been with the organization since its formulation in 2003.
Founder and Chairman of the Radiant Group, Winston Xu Biao is the newest member of Ascent Solar Technologies’ board of directors. Xu will help the company oversee new market opportunities, as well as its re-entrance into the BIPV and BAPV markets, which it delayed in March 2011.
Subsequent to the announcement last week of Los Angeles’ approval of a feed-in tariff, Mayor Antonio Villaraigosa has signed an ordinance authorizing the city’s Department of Water and Power to now establish a pilot program. Approval of the program by the Board of Water and Power Commissioners has been scheduled for April 17.
Despite our reports in March and earlier this month, the Brazilian Secretary of Energy Planning and Development of the Ministry of Mines and Energy, Altino Ventura Filho, has announced that solar energy will not form part of auctions in order to augment generation of solar power.
