Clenergy will be providing its PV-ezRack SolarTerrace I-B ground mounting system for a 40MW solar power station being developed in Jiayuguan, China by one of the country’s leading utility company’s and a well-known, but unnamed Chinese PV panel manufacturer. Clenergy’s PV-ezRack is the company’s newest product. It features beam and support components, which are standardized and fasteners of the same specification.
Solutia’s stockholders have voted in favour of its previously announced acquisition by Eastman Chemical Company. The original merger agreement was signed on January 26 and states that stockholders will receive US$22 in cash and 0.12 shares of Eastman common stock for each share of Solutia common stock.
With shipping due to commence in autumn 2012, Kaco New Energy used Intersolar Europe a fortnight ago as a platform to launch its new energy storage and management system, Powador-gridsave.
SPI Solar has purchased Italy-based EPC company Solar Green Technologies (SGT) from LDK Solar Europe Holdings and the founders of Solar Green Technologies, the company has announced. SPI invested US$5 million, consisting of approximately 13,400,533 SPI shares with a value of US$0.45 and circa US$250,000 in cash, paid to the two founders of Solar Green Technologies. The transaction adds 20MW in EPC contracts to SPI Solar’s portfolio.
Electrical connector company Multi-Contact has revealed that its TÜV- and UL-certified MC4 and MC4PLUS photovoltaic connectors have been granted certification for protection class IP68. The IP certification series vouches for the products’ ability to withstand contact and infiltration of water and dirt. This new accolade means that an entire PV installation can be cabled consistently with a single system.
SMA Solar Technology has received Japan Electrical Safety and Environment Technology Laboratories (JET) certification, the company has announced. The company has opened sales and service subsidiaries in Japan at the beginning of 2012 and has obtained the JET certification for its Sunny Boy 3500TL-JP-22 and Sunny Boy 4500TL-JP-22 inverters. SMA will commence selling the two inverters on the Japanese market from October this year. The PV inverters have been modified for the Japanese market and for the requirements of Japanese PV plants.
SAG Solarstrom advised that Deutsche Bank Group had given the company a financing commitment of €65 million. The loan has conditions in line with the market and a term up to the fall of 2013. The company plans to use the financing for various projects planned in 2012 and 2013, which will mainly be implemented in Germany. SAG Solarstrom acknowledged that the financing commitment and the payment of the loan will depend on the fulfillment of customary banking conditions and the signing of financing documents.
DuPont Apollo has delivered its PV modules for a 5MW solar plant in Gujarat owned by Yantra eSolar India. The solar plant, located on 35 acres of land in Village Charankha, Santalpur Taluk, Patan District, is slated to be connected to the grid before the end of August. Upon completion and commissioning, the solar plant is estimates to be able to generate 8 million kWh of electricity per year.
New Jersey has passed a law that requires companies to purchase more solar energy, it has been announced. According to the bill, companies have to obtain 2.05% of their total energy from solar in the energy year (EY) 2014 under the new renewable portfolio standard. After that, the amount of solar energy required will be raised every year to 4.10% by 2028.
Renewable Energy Corporation’s (REC) board of directors has proposed an additional sum of NOK75 million (approx. US$12 million) to the Extraordinary General Meeting (EGM). The company states that all investors that participated in the private placement have agreed to the final gross proceeds of NOK375 million (approx. US$62 million).
