Markets & Finance

Indonesia is planning a new feed-in tariff (FiT) for solar as high as US$0.25 per kilowatt hour applicable for 20 years, the country's Finance Minister Agus Martowardojo has announced.

The local court in Amberg, Germany court has appointed Dr Hubert Ampferl, partner of Nuremberg-based law firm Dr Beck & Partner, as supervisor of SiC Processing, which is operating as ‘debtor-in-possession’ during insolvency proceedings.

Germany-based SolarWorld has claimed to be the first PV manufacturer to receive France’s 10% domestic content bonus in addition to the feed-in tariff (FiT).

MEMC Electronic Materials has announced the appointment of Shihab Kuran as President of SunEdison Advanced Solutions.

The ‘solar winter endures’ at PV equipment supplier BTU International, opined Paul J. van der Wansem, BTU Chairman and CEO, in a conference call that garnered no financial analyst questions.

Record quarterly revenue and new record cell efficiency were overshadowed by First Solar delaying 2013 financial guidance until early Q2 2013.

Edwards Group, a manufacturer of solar cells, has promoted Jim Gentilcore to Chief Executive Officer, effective from 1 March 2013.

Highly-respected within the semiconductor financial analyst community from his years at Varian Semiconductor, Bob Halliday has been quickly appointed as Applied Materials replacement Senior Vice President and Chief Financial Officer.

According to China-based Solarzoom, nearly 400MW of Chinese modules were exported to the Japanese domestic market in the fourth quarter of 2012.

SolarCity and American Honda Motor Co have announced a partnership aimed at making solar power more affordable to customers in the US by providing a cleaner source of electricity at a lower cost than utility-supplied power.