PVJapan 2011 has been rescheduled from its original July dates to December 5-7. Event sponsors SEMI and the Japanese Photovoltaic Energy Association decided to postpone the show because of the ongoing recovery efforts in the wake of the Japanese earthquake and tsunami and at the request of Japanese government agencies to help conserve energy resources during the summer months.
Construction at the FVE Kresandra and FVE Power Plant 1 in Mokra Luka, Slovakia has begun according to Efektim. Development for the two power plants, which have a power output of 984.96kW and 974.70kW, respectively, began earlier this month and is expected to reach completion this June.
Chevron Mining, a sister company to Chevron Technology Venture and a subsidiary of Chevron, has completed a 1MWconcentrated photovoltaic solar plant (CPV) near its molybdenum mine in Questa, New Mexico. The Questa solar project is spread over 20 acres and utilizes 173 solar trackers and Soitec’s CPV system to generate solar electricity. The energy produced at the site will be sold under a PPA to the Kit Carson Electric Cooperative.
The Asian Development Bank (ADB) revealed plans to offer up to US$150 million in credit guarantees to local and foreign commercial banks to encourage the development of solar power as a renewable energy in India. The credit will cover 50% of the payment default risk on bank loans made to solar project developers with an aim to secure long-term funding for solar energy development in the country.
Avidan Management has finished work on its 4.26MW rooftop solar system in Edison, New Jersey. The array, designed and installed by Solar Nation, generates 5 million kWh of electricity a year, which will be used to help power the 656,255-square-foot office and storage facility on which the system is housed.
Boeing and South Carolina Electric & Gas (SCE&G) will be working together to make Boeing’s South Carolina facility a 100% renewable energy site. The North Charleston site will produce renewable energy with the help of a 2.6MW rooftop solar installation. Both companies maintain that the solar system at the Boeings 787 Final Assembly site will be the largest solar installation in the Southeast and the sixth largest in the US.
Under a new agreement between TPG Capital and Comtec Solar Systems Group, TPG will invest a total of US$150 million through newly issued convertible bonds and warrants. TPG has subscribed for unsecured convertible bonds, which are due in 2016 with an aggregate principal of US$100 million. The bonds are zero interest and will be able to transfer into Comtec’s new ordinary shares at an initial conversion price of US$0.50 per ordinary share. If the bonds are not exchanged after five years, they will be redeemed at par.
OPEL Solar International has finalized its financial statements for 2010 declaring increased revenues for both the fourth quarter 2010 and full 2010 year. Revenue for Q4 2010 was finalized at US$375,747, which contributed to its 2010 revenue total of US$1,647,638. Both the Q4 and full year results show an increase in revenue over figures for the same period in 2009.
Solyndra and Interservice Uzunovi solar division have signed an engineering, procurement and construction (EPC) agreement for a 1MWp installation on the rooftops of Biomet, the Bulgarian logistics company located in Sevlievo.
CBD Energy is on the verge of signing a contract finalising its joint venture with two of China’s biggest renewable energy companies, China Datang Renewable Power and Tianwei Baobian Electric.
