Tenaska is breaking its way into the solar power generation market with an announcement that it has closed commercial financing for its Imperial Solar Energy Center South in southern California. The utility-scale PV plant is the first of what the company expects to be several solar generating facilities it will develop in California and other US states. Located in Imperial County, the 946-acre solar project was developed by Tenaska Solar Ventures, with the company advising that a second solar project is under development nearby.
UK-based Oxford Instruments Plasma Technology (OPIT) has promoted Dan Ayres to managing director, effective immediately. Last summer Ayres was appointed to the newly-created role of general manager having already worked at the company for over ten years. He has been based in operations, product management and project management.
Subsequent to the completion of the 10MW plant in Gujarat, Wararee has announced it has won an order to supply water pumps to the government of Rajasthan. Under the JNNSM & RKVY solar incentive policies, Waaree will provide 154 solar pumps.
Soventix Canada, formally Sovello Canada, announced at the Ontario Feed-In Tariff Forum 2012 that it has extended its material and workmanship warranty from five to ten years. The new warranty covers Soventix Canada's Sovello Project Pro Series and Consumer Pro Series solar modules, effective April 1, 2012.
Eyelit has completed tallying its financial results for Q4 and the full year 2011. The company did not release specific numbers, but advised that it had completed a record high in Q4 revenue with new customer sales doubling in 2011, over numbers in 2010. Eyelit noted that 50% of its new customers are large multinational corporations with revenues topping US$1 billion.
Solar Millennium’s week has started with a low as the company revealed that its US subsidiaries and investment filed for Chapter 11 bankruptcy. Furthermore, the company’s former CEO, Utz Claassen, is suing the company, and certain of its subsidiaries, for US$265 million, claiming harm by defamatory statements to the public and press after he retired in March 2010.
Phoenix Solar advised that it had recently amended its restructuring plan, including its business development plan for the next few years, due to cuts in FiTs for solar power in several of its key markets. Due to the changes, the financial negotiations have been put on hold and the moratorium that was agreed to with the syndicate banks and other bilateral lenders and guarantors, including trade credit insurers, was extended at the end of last month to allow financing negotiations to continue.
As per the modifications to the German Renewable Energy Act last week, effective April 1st, 2012, new feed-in tariff payments for rooftop PV plants smaller than 10kW will be €0.195/kWh (USD$0.261/kWh). The rates for rooftop PV up to 1MW will be €0.165/kWh (USD$0.221/kWh) and rates for ground-mounted and rooftop PV of 1-10MW in size will be €0.135/kWh (USD$0.180/kWh).
Yingli Green Energy and FC Bayern Munich are jointly hosting the FC Bayern Youth Cup finals. The tournament comes after Yingli Green became an official sponsor of the FC Bayern last year, amidst a flurry of Chinese sponsorship in German football clubs. Yingli’s 3 year sponsorship deal with the club will give them marketing rights to areas such as tickets, advertising and public relations. It is hoped the event will help provide underprivileged children with the opportunity to play football and showcase their talents.
The German Bundestag has voted in favour of cuts in solar incentives and approved new guidelines for renewable energies. With a majority of votes from the coalition, the law to change regulation regarding renewable energies (17/8877) passed the Bundestag on Thursday.
