The Ontario Superior Court of Justice gave Timminco, and its subsidiary Bécancour Silicon, an extension of the Companies’ Creditors Arrangement Act stay of proceedings. The stay proceeds will now be allowed to continue until April 30.
The US Department of Commerce has agreed to postpone the date for its preliminary decision on the CASM-led US versus China trade dispute to March 2, 2012. The original date of February 13 was deemed to soon by SolarWorld, the leader of the CASM movement, and the 18-day extension will delay the decision by the Department of Commerce.
National Solar Power and Liberty County, Florida, have entered into a 100MW solar energy project agreement. The project, representing a US$350 million investment at full build out, is National Solar Power’s third in Florida with the others being in Gadsden and Hardee counties.
Major materials provider to the PV industry, DuPont reported Electronics & Communications segment sales of US$630 million in the fourth quarter, a decline 18% compared to the same period last year, with 33% lower volume which was offset by 15% higher prices. PV related revenue represent about 40% of DuPont’s electronics segment sales. Management noted that material destocking at PV manufacturers had continued in the fourth quarter due to inventory issues, impacting pre-tax earnings, which were down from US$56 million in the fourth quarter of 2010 to US$42 million in the fourth quarter of 2011.
Eastman Chemical has completed its bid for the acquisition of performance materials and specialty chemicals company Solutia for an approximate total of US$4.7 billion – including debt – in order to fuel its expansion into the specialty chemicals and plastics sector. Solutia’s shares are said to have fallen by 25% in 2011, although the company was active in its acquisitions process, having finalized the takeover of Southwall Technologies late last year.
Over a year and a half ago, Japan brought its grievances against FiTs in the Canadian province of Ontario to the World Trade Organisation (WTO). The EU has now joined the fray and the WTO Dispute Settlement Body has committed itself to establishing a panel to hear the EU’s claims against the apparent discriminatory nature of Ontario's FiTs. Formal panel proceedings, however, are not expected to start before the end of March.
ESA Renewables advised that it had not only completed its latest 500kW PV rooftop array in North Carolina, but has also sold the system, for an undisclosed amount, to Holocene. The 500kW array spreads over 55,867 square feet and uses 2,016 panels from Canadian Solar. Electricity from the array will be sold to Progress Energy Carolinas.
IKEA teams up with REC Solar again to construct a now operational, 128,000ft2 PV array, consisting of a 1,026kW system and built with 4,186 panels. IKEA West Chester’s program will produce approximately 1,334,300kWh of clean electricity annually, the equivalent of reducing 1,014 tons of CO2, eliminating the emissions of 180 cars or powering 115 homes yearly.
EnterSolar has finished a 228kW solar PV system for Ontel Productions New Jersey headquarters. The rooftop system was officially placed into service in December 2011 and takes advantage of several renewable energy incentives, including the Section 48 Investment Tax Credit, the PSE&G Solar Loan Program and the Bonus Depreciation benefits for solar projects.
Deutsche Bank’s 50-floor, 745-foot-tall skyscraper at 60 Wall Street, Manhattan, New York now features a 122.4kW solar system. Though claimed to be tallest PV system installed in the world to date, several installations in the Alps from the last few years lay a similar claim, including ‘Mountain Crystal,’ designed and built by the Swiss Federal Technical University in Zurich (ETH), which is located 2,883m above sea level.
