Despite the confusion over the GSE’s PV installation figures for 2010, Barclays Capital PV analyst Vishal Shah said in an investors note that no matter what the actual installation figure will be for 2010, it is increasingly likely that the Italian government would have to pay for 6GW worth of subsidies at the 2010 FiT rate.
GE Capital, NRG Energy and ConocoPhillips have jointly committed US$300 million in capital for a new joint venture: Energy Technology Ventures. The JV will fund around 30 venture-and growth-stage companies over the next four years, including the next generation photovoltaics developer Alta Devices. Although details about financial details of the JV and the initial investments have not been disclosed, the JV will focus early investments in companies developing “game-changing” technologies.
China’s drive to consolidate its leading position in PV manufacturing has been reinforced with a credit facility offered to JinkoSolar from the Bank of China that could be worth approximately US$7.6 billion over a five-year period.
Jean-Marc Gilson has been appointed as Avantor Performance Materials’ new chief executive officer. Gilson will work alongside the company’s executive chairman, Raj Gupta, and core leadership team, and be responsible for managing the company’s strategic development and future global direction.
Steed Technology recently completed the full acquisition of outstanding stock for Applied Technology Specialists (ATSI). Steed has confirmed that manufacturing of all products will remain in Northern California, while research and development will continue in Oklahoma. Both companies will now operate under the Steed name.
The Murfreesboro Solar Project has not broken ground yet, but that has not stopped GreenCo Solutions and the North Carolina Electric Membership Corporation (NCEMC) from announcing their intent to buy renewable energy certificates (REC) and electricity, respectively, from the solar project that Duke Energy acquired from SunPower in December 2010.
The North County Transit District (NCTD) transportation network has chosen Martifer Solar USA to supply 482.52kW of ground and roof-mounted solar systems for its bus and rail maintenance facilities.
Despite a short and chequered history, Hoku Materials polysilicon plant in Pocatello, Idaho could be in line for further funding, according to a strategic cooperation agreement signed between Baoding Tianwei Group and U.S. bank, Wells Fargo.
Kisco has agreed to become Tera-Barrier Films’ exclusive distributor in the Asia-Pacific region after making a strategic investment in the Singapore-based company. Kisco made the investment during Tera’s Series A investment round and its funding will help Tera’s attempts to bring its moisture-resistant films for solar cells to market.
Acuity Technology Management completed an independent evaluation on EnviroMission’s Australian Solar Tower technology, valuing it at AUDS$60,000,000. The valuation includes the intellectual property, development rights and overall commerciality of the technology.
