Chinese inverter manufacturer GoodWe Solar Inverter has proposed plans to rebuild its logistics system in the UK, Ireland and other countries, yet to be specified, in cooperation with DSV, an international logistics company. The partnership involves logistics service, bonded warehouse and product delivery in the UK and Ireland.
Management at Applied Materials spent little time discussing the performance of its Energy and Environmental Solutions (EES) division results, which houses the majority of its solar sector equipment and services to the PV industry. The company reported EES sales in its financial third quarter that were almost flat with the previous quarter at US$77 million. However, new orders decreased significantly to only US$35 million, compared to US$62 million in the prior quarter.
Independent, bank-approved engineering firm BEW recently gave Tigo Energy a positive bankability report, which casts Tigo Energy’s PV optimizer as suitable for deployment in commercial and utility-scale bank-owned solar systems.
AU Optronics advised that it has officially launched its EU project, which aims to be the first “made-in Europe” solar integrated service alliance in the PV industry. The company’s Czech Republic solar module factory will act as its manufacturing centre and allow it to provide made-in-Europe solar modules. AUO noted that it is in talks with strategic partners and expects to start the project by the end of this year.
Aviva Investors recently completed its acquisition of nearly 7,000 solar PV systems from London-based free solar supplier HomeSun. The deal totals around 23MW and, according to the Financial Times, is said to be worth nearly £100 million.
EDA, the utility responsible for the production, distribution and commercialization of electricity in the nine Azorean islands, and Younicos have teamed up to develop what has been labelled as the world’s first MW-scale renewable energy system based on up to 100% solar and wind power. The system will be installed on Graciosa, an Azorean island.
All assets of GSF Capital and its senior manager, Javier Romero have been frozen by an Italian court over claims that Suntech and its chairman and CEO, Dr. Zhengrong Shi were victims of fraud. The court also appointed a manager to take control of the Fund, though Suntech did not provide further insight into how the affair happened.
After entering discussions concerning two PPAs, Corporación Dominicana de Empresas Eléctricas Estatales (CDEEE) has signed on the dotted line enabling the state-owned utility to purchase output from two 58MW PV projects in the Dominican Republic.
To avoid further drains on its battered balance-sheet, REC said it would start winding-up REC Wafer Norway via bankruptcy proceedings. The solar wafer operations at two sites in Glomfjord and at Herøya have already been permanently closed down. The bankruptcy of REC Wafer Norway was said to not have an effect on REC Solar and REC Silicon operations, which continue to operate as normal.
The government of the state of Gujarat in India has confirmed it is exploring the possibility of setting up a 1,000MW solar power project in conjunction with the International Finance Corporation (IFC). Gujarat estimates that the project could cost around Rs 8 to 9 crore per MW, therefore, the 1,000MW project could cost anywhere between Rs 8,000 to 9,000 crore.
