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.
A team led by Ames Laboratory in the US is to undertake research into solutions to the shortage of materials that are essential in the manufacturing of renewable energy equipment.
Slurry recycling specialist, SiC Processing which is currently in receivership, has warned unsecured creditors to expect low debt recovery due to a preliminary, unaudited assessment of its assets.
Italian renewable energy firm TerniEnergia installed eight PV plants in Greece in the fourth quarter of 2012 which have a combined capacity of 23.1 MWp.
