UK-based Romag and Chinese LDK Solar have formed a research and development alliance to share their knowledge and expertise in the progress of solar technologies. This collaboration is the first of its kind for a UK PV module manufacturer.
German company Wattner has acquired the 5.6MW solar power plant Rätzlingen I in Lower Saxony and invested approximately €10.5 million to incorporate it into its Wattner SunAsset 3 fund.
Having posted record revenue of CHF 1.32 billion in 2011, major PV equipment supplier, Meyer Burger acknowledge that 2012 would be a lean year due to overcapacity and significant cuts to capital spending from PV manufacturers. The company guided revenue to be down significantly in 2012 and in the range of CHF 600–800 million and an EBITDA margin between 4–8%. Management noted that it didn’t expect a recovery in demand for equipment until 2013 and had started a restructuring plan to reduce operating costs with a 15% workforce reduction.
The first PV power plant constructed by Kolkata-based EMC has begun commercial operation on March 4. EMC developed the 5MW project as part of the union ministry of new and renewable energy’s Jawharlal Nehru national solar mission. Around 21,300 solar modules have been installed on a site of 25 acres in Naini, near Allahabad. EMC has signed a 25-year PPA with NTPC Vidyut Vyapar Nigam.
Canadian deputy minister Fareed Amin sent an update on Ontario’s two-year review of its FiT program, announced in October 2011, to the ministry of energy. The changes to Ontario’s renewable energy scheme include a 20% cut to the FiT for solar and a 15% cut to wind power. All other renewables will remain at the current level. Tariffs will be adjusted annually each November and will take effect on January 1 the following year, inline with market conditions. Prices ill be set once a contract is offered rather than when a project application has been sent to the relevant department.
Hoku Solar has announced signing an agreement with a subsidiary of Alexander &Baldwin (A&B) to design and build 7.2MW Port Allen Solar Farm on the island of Kaua’i, Hawaii.
First Solar has sold the 50MW Silver State North solar power plant to Enbridge, the two companies announced today. First Solar has installed more than 800.000 PV modules on a site of 600 acres in Clark County, Nevada under a fixed-price EPC agreement and will be providing operations and maintenance services to Enbridge.
Dow Chemical announced that it had officially opened its Dow Seoul Technology Centre in Hwaseong, Gyeonggi-do. The R&D centre will focus on technological advances in display technologies and semiconductor-related applications including lithography, organic light-emitting diodes (OLED), display materials and advanced chip packaging.
The recently formed joint venture between Camco International and Rex Investment Ltd. (RIL) has been awarded a tender to distribute and install solar power systems in rural Tanzania.
Renewable Energy Corporation said that operating its 300MW monocrystalline wafer plant in Glomfjord, Norway would continue to lose money despite cost reduction efforts and that it will therefore be closed permanently. The plant closure will affect 200 employees.
