Independent power developer K Road Power Holdings and Barclays Natural Resource Investments have established a partnership aimed at the development, construction, and operations of K Road’s utility-scale solar power portfolio. The developer has 11 solar projects totaling nearly 2.3GW in various stages of development in the southwestern US.
AEG Power Solutions has acquired the outstanding 25% of Skytron Energy after buying a majority stake in 2010. Under the existing management of Martin Sauter, Skytron will stay a separate legal entity with its own brand. The companies said they will jointly take advantage of the strong global growth within the solar market, especially in India. Other business opportunities are developing operations and maintenance business as well as smart-grid solutions.
China's first BIPV fire station was put into service in Baoding, Hebei, on July 29, featuring a 250kW, 2650 m2 solar façade. With an annual generating capacity of 300MWh the system is expected to reduce 312 tons of carbon emissions each year.
The ongoing wafer supply deal dispute between China Sunergy and REC Wafer entered a new phase with a Norwegian court ruling in favour of China Sunergy. REC Wafer is said to appeal the decision made by the Norwegian Court of Appeal.
Phoenix Solar has secured two new contracts of one MWp each in Tamil Nadu and Gujarat states, India. The projects were signed with Phoenix Solar Pte Ltd in Singapore, its Asia Pacific subsidiary. Both PV projects will use thin film technologies. Both projects are scheduled to be connected to the grid by 31 December, 2011.
German football club Bayer 04 Leverkusen has signed a three-year sponsorship contract with solar giants JinkoSolar. The deal provides Jinko with advertising space at the club’s BayArena and also grants it exclusive rights to install solar panels on the stadium itself.
Having undertaken a scan of the geographical map for PV demand, Jefferies analyst Jesse Pichel believes the long anticipated second-half year boom is proving elusive to see. In a research note to investors, the firm noted that demand improved in June, but July appears to have flatlined, despite increased factory utilization from major PV module suppliers. Pichel raised the alarm that inventory could be building again, after being consumed in the April-June timeframe.
The recently completed 10MW utility-scale solar project in Larissa, Greece, which is being hailed as the largest solar plant in the country, is sporting Yingli Green Energy Holding PV modules. The project was developed by Selected Energy, a subsidiary of Selected Textiles, and constructed by Biosar Energy. Financing for the 10MW project was provided on a long-term, non-recourse basis from the project finance team at Piraeus Bank.
Despite the first-half slump in PV installations and significant inventory build across the PV supply chain, leading polysilicon producer Hemlock Semiconductor would seem to be riding its 50th year in business in style, as Dow Corning management noted that the polysilicon JV arm had remained ‘sold-out’ in the first half of the year and the situation would remain the same for sometime.
OPEL Solar International has signed a contract to supply modules for Limen’s two 1MW high-concentration PV (HCPV) power plants in Sicily, Italy. The order is valued at US$5 million and OPEL will begin delivery of the Mk-I modules in late 2011.
