Following the Canadian government’s announcement to reduce FiT prices for new projects, The Green Energy Act Alliance and Shine Ontario Association have joined forces by releasing the Ontario Feed-in Tariff 2011 Review: More Jobs, Affordable, Clean Energy, and a Brighter Future for Ontario report. The groups represent Canada’s leading environmental and energy groups, as well as the key players in Canada’s solar industry.
Financially challenged silicon metal supplier, Timminco has tapped Bank of America for the remaining US$2.9 million of a revolving credit facility, resulting in the company having to pursue alternative sources of financing. The Canada-based materials producer recently reported third quarter sales of US$28.6 million and a net loss of US$2.4 million.
Market research firm, IHS iSuppli has undertaken its first product teardown and analysis within the PV industry. An Aurora PVI-4.2-OUTD-S-US Inverter from Power-One was used in the teardown, which IHS iSuppli said provided a path-setting benchmark for cost reduction within a sector of the industry expected to undergo rapid price erosion, inline with other industry sectors such as polysilicon, wafers, cells and modules.
GreenVolts has re-emerged with seeming aplomb from the disaster of 2009 with its new CPV system that it has branded as the PV industry’s “first complete and fully integrated solar system”.
The North American Development Bank (NADBank) revealed that it is lending up to US$88.5 million to SunEdison for the development of a 20MW solar park in Picture Rocks, Arizona. This is the largest, and second, solar project financed by the NADBank. The solar park is expected to generate enough electricity for nearly 3,500 homes in the metropolitan area of Tucson.
Bloomberg is reporting that Suntech Power Holdings and Canadian Solar will be providing their solar panels to Tata Power for its US$68 million solar project. The 25MW plant in western Gujarat state will use crystalline silicon-based modules to power the solar array.
Having secured funding, Tata Power is continuing with its three-fold project in cooperation with BP Solar installing plants located in the Patan, Kutch and Mithapur areas of the state of Gujarat to be completed under its Solar Power Policy 2009.
This month will see the completion of ESA Renewables’s 1.3MW commercial rooftop solar project in New Bern, North Carolina, US. ESA claims this will be one of the largest rooftop PV arrays in eastern North Carolina.
Soitec is looking to bring solar energy to even the most remote, and sunny, parts of the world with its newly launched Sunidarity program, an initiative to help development aid organizations in supporting their efforts to promote economic and human development in the more remote regions of the globe. Soitec plans to donate its new Plug&Sun technology to three selected projects, which will be chosen for their innovation, difficulty of the challenge they overcome and integration within a global development project.
