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.
SAG Solarstrom’s sale of the 48MW Serenissima PV plant in Italy to an unnamed European investor will be concluded shortly, the company has announced. The completion of the sale was delayed by contingent high administrative efforts.
A recent report by market analysts Yole Développement has predicted that the PV equipment and materials markets will drive manufacturing cost reduction, leading to the purchase of in the region of 35GWp of new equipment by 2017. The report, “Crystalline Silicon PV: Technology, Equipment & Materials”, singles out the c-Si sector as facing a period of change whereby the low-efficiency portion of manufacturing capacity will be shut down in order to concentrate on the higher-yielding technologies.
The Italian PV association, Gruppo Imprese Fotovoltaiche Italiane (GIFI), had previously demanded the government provide verification for the drafts of the new energy bill to replace Conto Energia four floating around the internet. However, market research company Jefferies, following its attendance at a photon conference has advised caution to its investors to not believe a fifth energy bill has already been released. The government is to announce its decision either late spring or early summer.
Bloomberg BusinessWeek has reported that R. Todd Neilson, a forensic accountant and former FBI special agent, has advised in a recent report filed with the US Bankruptcy Court in Wilmington, Delaware, that Solyndra communicated truthful information about its finances to the government before it claimed bankruptcy last year.
After announcing last October that it was halting polysilicon production at its German facility and cutting wafer jobs in the UK, it is perhaps no surprise that PV Crystalox Solar has posted some rather dreary numbers for 2011. Group revenue was €210.4 million, 17% lower than 2010, due to what the company stated was the effect of lower average selling prices. EBIT, before exceptional items, was €4.1 million, a 1.9% margin. The company did note that shipment volumes of 384MW were reached in 2011, compared to 378MW in 2010.
Market research company, Five Star Equities, has released figures showing last week’s determination from the US Department of Commerce putting up barriers against Chinese manufacturers, had a negligible effect on solar stocks.
The University of Seville, the Social Council and the Focus-Abengoa Foundation have awarded the 9th “Javier Benjumea Puigcerver” research prize to Eduardo Fernández Camacho for his applied research on the increase in performance of solar-thermal plants through predictive control. The prize was awarded to the university professor on the basis that his submitted work was of “extraordinary scientific value” to the globally important issue of energy supply.
The Supreme Court has rejected the UK government’s appeal over cuts to the domestic feed-in tariff scheme. In the latest of three court cases, judges upheld the decision of a Judicial Review that ruled the Department of Energy and Climate Change’s (DECC) proposed revisions to the FiT were “legally flawed”.
