Applied Materials announced today that George S. Davis, Executive Vice-President and Chief Financial Officer (CFO), will be departing the company effective March 8, 2013.
A cap of 2.5% should be applied to inreases in renewable energy incentives levy in Germany, according to the country's Environment Minister, Peter Altmaier.
After the recent resignation of Michael Wilhelm in his position as Sunways chairman, LDK Solar, Sunways majority shareholder has appointed Mario Zen in the vacated position.
Element Power Holdings has announced that Joe Slamm, co-founding partner of Hudson Clean Energy Partners and a member of the Element Power board of directors, will serve as the company’s interim chairman following the departure of Pedro Barriuso.
Astonfield Renewable Resources, a provider of renewable energy in emerging markets, has announced that its Co-Chairman Ameet Shah is to take on a key advisory role to the US government.
In an rather incestuous deal and conformation that consolidation along with capitulation is occurring in the Chinese PV market, tier 2 PV manufacturer, Goldpoly New Energy Holding has acquired China Merchants New Energy (CMNEG) in a deal valued at HK$2.12 billion (US$273 million).
Weaker than expected demand in key markets of Italy and Germany in the fourth quarter has led PV inverter supplier Power-One to lower revenue guidance to between US$190 million to US$195 million, down from a range of US$210 million to US$230 million.
The dire business conditions within the solar wafering sector have forced slurry recycling specialist, SiC Processing to warn of over a €100 million in equity losses, or more than half the equity in the company as it deals with insolvency proceedings.
US solar developer Sungevity has announced the completion of a series of venture capital and project financings which, together, have secured the company up to $125 million in funding.
