The petition made by state-owned electricity distributor Gujarat Urja Vikas Nigam Ltd. (GUVNL) to cut the rate it pays for energy from 88 solar projects by 28% has been rejected.
The third bidding window for South Africa’s national renewable energy initiative closes today amid expectations of a surge in competition for the available PV capacity.
Major equipment supplier to the PV industry, Meyer Burger has reported a better than expected order intake in the last six-weeks, citing it as a “turning point in customer behaviour.”
The €50.8 million (US$67.5 million) funding budget for small scale PV systems has had more than 90,000 applications for the 15% rebate on PV equipment purchased from 2012 to 2013.
US installer Real Goods Solar (RGS) has reported a small drop in revenue for Q2 2013 compared to the same period last year despite an increase in deployments.
As expected, Sunways said that preliminary insolvency proceedings against the assets of the company by its banks have been stopped and the local court in Konstanz has closed the case.
The strategy to diversify its business away from dependence on sectors such as solar is proving to be a significant success for equipment supplier, Manz AG.
