German solar company Schott solar are in the process of installing a 17MW PV project with their Greek EPC partner Environ. The joint venture has already connected 10MW to the grid and has plans for further installations, totalling 7MW, across Greece. The project, one of the largest in Greece, is being financed by major European and Greek banks.
Suniva, Georgia-based solar module manufacturer, has announced that it will supply 2,892 of its 280W modules to a solar installation at the Bonnie Brae residential treatment centre for adolescent boys. Torcon Energy Services (TES) will install an 810kW ground-mounted PV system on Bonnie Brae’s campus, after the institution initiated some changes around campus to become more sustainable.
Puerto Rican company AES Ilumina, a subsidiary of AES Solar, has announced the construction of a 24MW solar power plant in Guayama, Puerto Rico, the first utility-scale plant on the Caribbean island.
German EPC company Solea has developed and completed construction of a 7.7MW ground-mounted PV project in record time.
On February 23, the German federal environmental ministry released a proposal for its new renewable energy laws, including cuts in FiTs by 30%, effective March 8, 2012.
NexPower Technology, Taiwan-based thin film manufacturer, is supplying thin film modules to one of the largest PV projects in the New Jersey area, a ground mounted installation generating 10MW of energy. Construction is expected to begin soon.
A 684kW PV system for Fort Hood’s Liberty Village military housing has been activated, the US Army base’s leadership announced.
Axium Solar installed the 3,000 Schott Solar ground-mounted PV panels on a four-acre site. Universal Services Fort Hood (USFH), owner of the project, provided funding of US$3 million and will operate and maintain the installation.
The Federal Network Agency recently confirmed earlier reports that in 2011, a 7.5GW capacity of solar was installed in Germany, amounting to nearly 238,000 units installed in total. Bavaria led the way with 1.75GW installed followed by Brandenburg with 1GW. The agency acknowledged that the regional shift was due to the expansion of open space systems.
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.
