In an rather incestuous deal and conformation that consolidation along with capitulation is occurring in the Chinese PV market, tier 2 PV manufacturer, Goldpoly New Energy Holding has acquired China Merchants New Energy (CMNEG) in a deal valued at HK$2.12 billion (US$273 million).
Emerson Process Management has won a contract to deliver its Ovation control system to the 110MW Crescent Dunes Solar Energy Project near Tonopah, Nevada.
America’s competitive position in the global clean energy market is at risk because of increased competition abroad and uncertain policies at home, warns a report by the Pew Charitable Trusts.
Concerns that the widespread development of large-scale solar PV would have a negative impact on global biodiversity have been downplayed in a report by WWF and FirstSolar.
Weaker than expected demand in key markets of Italy and Germany in the fourth quarter has led PV inverter supplier Power-One to lower revenue guidance to between US$190 million to US$195 million, down from a range of US$210 million to US$230 million.
The dire business conditions within the solar wafering sector have forced slurry recycling specialist, SiC Processing to warn of over a €100 million in equity losses, or more than half the equity in the company as it deals with insolvency proceedings.
The International Renewable Energy Agency (IRENA) and the Fraunhofer Institute for Solar Energy Systems ISE, have signed a memorandum of understanding (MOU) aimed at enhancing their cooperation while increasing the deployment of renewable energy systems worldwide.
US solar developer Sungevity has announced the completion of a series of venture capital and project financings which, together, have secured the company up to $125 million in funding.
Solar PV equipment spending was down US$3.6 billion in 2012 from US$12.9 billion in 2011, according to new research in the latest NPD Solarbuzz PV Equipment Quarterly report.
A 5MW solar farm in Pennsylvania has been acquired by an affiliate of D. E. Shaw Renewable Investments and project manager Bright Plain Renewable Energy.
