Markets & Finance

November 2, 2010
First Reserve has closed its financial facilities agreement for the Rovigo solar plant at €276 million. The private equity firm bought the 70MW PV plant from Sun Edison, with whom they had previously established a joint venture, this past September. Banco Santander, Unicredit Corporate Banking, Credit Agricole, Dexia Crediop, Natixis and Societe Generale were additional lenders with First Reserve for the financing agreement.
November 1, 2010
Regardless of what market research data you rely on, the analysts agree: the photovoltaics market is expected to grow considerably in 2010. Even the most hawkish of forecasts would therefore expect PV installations to almost double from 2009, creating a demand somewhere near 14GW in 2010. According to Bernreuter Research, which specializes in tracking the polysilicon market, polysilicon production in 2010 should be sufficient to produce the equivalent of 17GW of c-Si modules.
November 1, 2010
The Indian Government has warned that all companies that have been placed on the shortlist to qualify for incentives under the country's program to boost solar power generation will have to submit final bids by Nov. 16, reports Bloomberg.
October 28, 2010
Dyesol has appointed Gavin Tulloch to its board of directors as director of technology. Tulloch, who was previously positioned as managing director for the global market, will assist the company as it prepares for full commercialization of its PV technology.
October 27, 2010
3W Power Holdings, the holding company of AEG Power Solutions (AEG PS), has reported its financial results for the third quarter ended September 30, 2010. While Q3'10 is typically a weak quarter cyclically for AEG PS, due to traditionally slower trading in Europe in August, the solar segment still came out on top.
October 21, 2010
As Vern Heinrichs (pictured), the current CEO, retires from his executive position he’s held since 2009, Arise Technologies’ board has chosen his successor in Daniel Shea. The management change is effective as of October 21, with Heinrichs agreeing to be a consultant for the company for three months. In addition, as Heinrichs is also stepping down from his position as director, Shea is to be nominated as his replacement.
October 20, 2010
The UK's Chancellor of the Exchequer, George Osborne, announced the coalition government's Comprehensive Spending review, revealing that there will be no immediate cuts to the country's solar feed-in tariff, according to PV-Tech's UK sister site, Solar Power Portal.
October 20, 2010
Taking on the task of spreading the word of the UK’s potential in the solar market, Solar Power UK organised the hugely successful conference on October 18-19. The conference, the theme of which was “Enabling the UK Solar Market for 2011,” drew over 450 delegates from all facets of the solar PV industry, including installers, suppliers, manufacturers, investment companies, and members of the media.
October 13, 2010
Two key executive roles have been assigned at thin-film joint venture, 3Sun. Retaining his position at STMicroelectronics, Andrea Cuomo becomes chairman, while Enel executive, Mauro Curiale, will become 3Sun’s CEO.
October 11, 2010
Evergreen Solar is aiming to expand its European reach with four new sales managers to service each of its key European regions: Germany, Italy, Spain and France. All the new sales managers will be charged with continuing to broaden the company’s presence in Europe while also maintaining current sales relationships in each region. The new managers will report directly to Thomas Hofmann, Evergreen’s director of sales for Europe.

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