The split between the two bodies that had jointly been working to realise the ambitious Desertec renewable energy vision was the culmination of a long-running dispute over the project’s strategy and governance, it has emerged.
PV Crystalox Solar has sold its polysilicon production operations in Bitterfeld, Germany to the former management team, contributing €12.3 million to the renamed Silicon Products Research Engineering Production in the process.
Small France-based module manufacturer, Solarezo has entered bankruptcy proceedings in an effort to restructure its finances having a reported €50 million order backlog with only a 65MW production capacity, according to the company’s website.
French renewables developer Axuo Energy is teaming up with R20, the international environmental body set up by former California governor Arnold Schwarzenegger, to build 41MW of PV generation in Mali.
Israeli fund, Econergy, has acquired 7MW of PV assets from Sorgenia located several regions of Italy that includes 10 PV plants that are both ground-mounted and rooftop.
Europe needs to intensify its support for the Desertec plan to import cheap solar and wind power from desert areas or face escalating energy prices, the body behind the initiative has warned.
