On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW Entwicklungsbank, has signed a €10 million (US$13 million) loan guarantee with Brazil’s Companhia Energética de Minas Gerais (CEMIG) for the Solar World Cup 2014 project.
Solar module manufacturer Silevo appointed Aaron Thurlow as its Vice-President of sales and marketing, a position that will see him manage the market expansion for the company’s Triex technology.
UK-based solar wafer producer, PV Crystalox Solar will implement a significant reduction in its workforce, while discontinuing its polysilicon operations in Germany and heavily cut ingot production in the UK and wafer production in Germany.
Wacker Chemie, a Munich-based manufacturer of solar products, will see its current executive board member and personnel director, Wilhelm Sittenthaler, step down on 31 December 2012.
Ralf Lüdemann has been appointed as the new lead for Schmid’s energy storage business unit, and will play a key role as advisor to the photovoltaic (PV) related business units.
Law firm Metaxas and Associates will be representing several foreign and Greek renewable energy sources (RES) investors in a bid to lodge a complaint with the European Commission on the retroactive taxation on RES, recently imposed by the Greek Ministry of Environment, Energy and Climate Change.
Slower demand from key European markets saw Suntech Power Holdings report preliminary Q3 2012 revenue of approximately US$387 million, down 18% from the prior quarter.
US renewable energy firm Greenpower Capital and Wirsol Solar, an international PV developer based in Germany, have established a joint venture which focuses on financing and building solar projects in Japan which have a capacity of 10MW or more.
Developing renewable energy projects in India is more expensive than in either the US or Europe, according to a report released by the Climate Policy Initiative (CPI) and the Indian School of Business (ISB).
