Diminishing government subsidies mean overall revenues in the European PV solar market will shrink to €6.57 billion by 2015, a study by market research company Frost & Sullivan has estimated.
Following yesterday’s announcement of Siemen’s exit of the solar business, the company has confirmed that it will pull out of the Desertec Industrial Initiative (Dii) when its membership expires at the end of the year.
Norway-based Renewable Energy Corporation ASA (REC) has revealed that its revenues from continuing operations for the third quarter of 2012 fell by 24% to NOK1.51 billion compared with the corresponding period one year earlier.
The sale of Oerlikon Group’s loss-making Oerlikon Solar to Tokyo Electron (TEL) has received regulatory approval from the Chinese Ministry of Commerce (MOFCOM).
SRU Solar and Berlin-based Parabel have jointly completed a 29MW solar farm between the cities of Eisleben Wimmelburg, bringing back to life a 100ha former metal works site.
Belectric advised that the deal to acquire Konarka Technologies has been completed, with an agreement reached between the two companies. Konarka Technologies applied for insolvency earlier this year and began negotiations with several investors. Alexander Kubusch, preliminary insolvency administrator from Curator, commented, “…our talks have now reached a successful conclusion. Of the many interested parties, we ultimately opted for Belectric Holding, because this company not only offered an ideal solution to the issue of business operations but also went a long way toward upholding the interests of creditors.”
ET Solar Group announced that it has signed an MOU with EnergiMidt under which is will be the Danish company’s major PV module supplier. The MOU forms the strategic tie between the two companies and will be prominently utilized for EnergiMidt’s 2013 rooftop PV project requirements.
ReneSola has shipped 10MW of modules to German-based PV project developer, saferay for a new PV power plant being built in Schwarzheide in Brandenburg, Germany. Saferay is using ReneSola’s 245W and 250W multicrystalline solar modules for the project.
