The Philippines’ solar industry is already exporting to countries like the US reaching figures of US$41.5 million, up 47.3% last year. Now, almost three years in the making, following petitioning by the Renewable Energy Board (NREB), the Philippines’ Energy Regulatory Commission (ERC) has finally approved an initial feed-in tariff rate for renewable energy. The FiT for all solar installations will be 9.68 PHP (US$0.23) per kWh, regardless of the size of the system or technology used.
Japan’s largest single utility-scale solar power plant, using 290,000 multicrystalline solar modules supplied by Kyocera is expected to cost in the region of US$345 million or approximately ¥27 billion when complet by autumn 2013. With project finance now in place, construction of the plant in Kagoshima City, on land owned by IHI Corporation, will start in September. The plant was initially announced in April 2012.
Patent infringement and claims of IP theft by DuPont, on rival materials supplier Heraeus and customer SolarWorld, were put in question by the accused as the legal spat continued to be played-out in public. Heraeus said in a strongly worded statement that DuPont was attempting to threaten customers over possible legal action, while Heraeus believes DuPont is attempting to discredit Heraeus' products with misleading information.
Suntech Power Holdings said it had started multiple legal proceedings against a number of unidentified parties regarding investment guarantees it provided for a joint venture PV power plant project developer, Global Solar Fund, S.C.A., Sicar (GSF). However, Suntech has claimed that a pledge of €560 million of German government bonds by a third-party investor of GSF, GSF Capital Pte Ltd., may never have existed. Suntech said that it may have to delay second quarter financial reporting as a result.
With insolvency protection proceedings underway, not surprisingly, centrotherm photovoltaics have said it would delay its Annual General Meeting and the first-half year financial results.
IKEA has been on a roll this week announcing the completion of its latest rooftop solar projects on its US stores. Following its Chicago and Atlanta installations, the company revealed that its Draper, Utah store now has a 1,015kW system spread across 180,500 square feet of rooftop space producing electricity.
Credit Suisse, which just announced its US$200 million partnership with Solar City, has additionally advised that it has committed US$200 million to Sunrun. The investment will help support the purchase and installation of thousands of residential solar systems in the US. Sunrun noted that it installs over US$1.5 million in solar every day and has more than 24,000 customers in ten states.
Upsolar advised that it had completed the installation of its latest project, which also happens to be the company’s largest project in the US to date: a 2.2MW solar plant in Sharon, Vermont. Talmage Solar Engineering oversaw the construction of the project, which uses Tigo Energy’s Module Maximizer technology and the company’s digital monitoring services at the module level.
Just two days after IKEA’s Atlanta store officially turned on its rooftop solar array, the company announced that two of its Chicago-area stores, in Bolingbrook and Schaumburg, Illinois, now sport new rooftop PV projects. The two projects cover a total of 248,700 square feet and have a combined generating capacity of 1,989kW. Together, the two installations use 8,463 panels, which were provided by SolarWorld. SoCore Energy was responsible for the development, design and installation.
Solar stocks in Chinese companies have been under increased pressure following reports that SolarWorld’s anti-dumping case against Chinese OEMs is progressing to the European Union. Jefferies has predicted that if the anti-dumping verdict is passed, it will be negative towards Chinese cell/module suppliers, positive to Taiwanese cell suppliers, SunPower and First Solar and neutral to poly and wafer suppliers (assuming the scope is largely limited to cells as in the US).
