Markets & Finance

April 26, 2011
Eric Daniels will be leading the Solar Energy North American division of Robert Bosch as the department’s first solar energy regional president. In his new role, Daniels will supervise the company’s solar business in North America while specifically focusing on business development opportunities. Daniels is a 14-year veteran of the solar industry who joins Bosch from BP Solar where he served as CTO for seven years.
April 26, 2011
Expanding its global team of solar technology experts, Amtech Systems has appointed semiconductor and solar industry veterans Dr. James Hwang and Dr. SooKap Hahn as chief technology officer and member of the board, respectively.
April 25, 2011
PVJapan 2011 has been rescheduled from its original July dates to December 5-7. Event sponsors SEMI and the Japanese Photovoltaic Energy Association decided to postpone the show because of the ongoing recovery efforts in the wake of the Japanese earthquake and tsunami and at the request of Japanese government agencies to help conserve energy resources during the summer months.
April 20, 2011
The Asian Development Bank (ADB) revealed plans to offer up to US$150 million in credit guarantees to local and foreign commercial banks to encourage the development of solar power as a renewable energy in India. The credit will cover 50% of the payment default risk on bank loans made to solar project developers with an aim to secure long-term funding for solar energy development in the country.
April 20, 2011
After two months of uncertainty, the Italian Government finally looks set to unveil its much-anticipated new solar feed-in tariff bill. A draft decree of the Conto Energia IV bill is currently in circulation and includes legislation to reduce subsidies and introduce a 23GW cumulative cap until 2020, according to analysts at Germany’s Commerzbank.
April 20, 2011
Monocrystalline wafer manufacturer Comtec Solar Systems has recorded net profit of ¥83.5 million (US$12.8 million) for the first quarter of 2011. This was a huge 311.1% rise on the Q1 2010 number and highlighted an impressive set of unaudited Q1 figures.
April 19, 2011
Under a new agreement between TPG Capital and Comtec Solar Systems Group, TPG will invest a total of US$150 million through newly issued convertible bonds and warrants. TPG has subscribed for unsecured convertible bonds, which are due in 2016 with an aggregate principal of US$100 million. The bonds are zero interest and will be able to transfer into Comtec’s new ordinary shares at an initial conversion price of US$0.50 per ordinary share. If the bonds are not exchanged after five years, they will be redeemed at par.
April 18, 2011
OPEL Solar International has finalized its financial statements for 2010 declaring increased revenues for both the fourth quarter 2010 and full 2010 year. Revenue for Q4 2010 was finalized at US$375,747, which contributed to its 2010 revenue total of US$1,647,638. Both the Q4 and full year results show an increase in revenue over figures for the same period in 2009.
April 18, 2011
CBD Energy is on the verge of signing a contract finalising its joint venture with two of China’s biggest renewable energy companies, China Datang Renewable Power and Tianwei Baobian Electric.
April 15, 2011
Total has signed an agreement with EDF ENR to acquire all of Tenesol’s operations outside of France’s overseas departments and territories, of which it already owns 50%. Tenesol’s operations in the French overseas departments and territories would continue to be equally owned by the Total Group and EDF ENR.

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