European solar manufacturers have officially launched their own initiative to urge the European Commission into investigating what it considers unfair trade practices by Chinese solar manufacturers. The EU ProSun initiative states that its goal is to “maintain a sustainable and vibrant solar manufacturing base in Europe.”
Solar stocks in Chinese companies have been under increased pressure following reports that SolarWorld’s anti-dumping case against Chinese OEMs is progressing to the European Union. Jefferies has predicted that if the anti-dumping verdict is passed, it will be negative towards Chinese cell/module suppliers, positive to Taiwanese cell suppliers, SunPower and First Solar and neutral to poly and wafer suppliers (assuming the scope is largely limited to cells as in the US).
After a rebound in polysilicon sales in the first quarter of 2012, Wacker’s polysilicon sales declined 22% in the second quarter due to customers delaying or reducing delivery quantities. Sales in the second quarter reached €286.8 million, down from €366.6 million in the prior quarter. However, the major reason for the sales decline was due to the substantial reduction in polysilicon prices, which will also result in lower sales being achieved this year than in 2011, according to the company.
Working with solar investor Sistema Solare, SolFocus has completed a 1.25MW solar park in Italy. The project spans two sites in central Italy, one in Aveani and the other in Savini, which combined are said to form one of the largest CPV power plants in the country. The CPV plants were developed and designed by Ren It and built by EPC company Delta.
Terna responsible for developing the national electricity transmission grid has received authorization to shut off distributed generation systems in case of emergency.
A consortium of seven partners supported by €13.8 million in financing from the European Commission’s Seventh Framework Programme for European Research and Innovation are to build a solid state hydrogen storage plant designed to balance power supply and demand of renewable energy installed in the Puglia region of Italy, which employs around 3.5GW of solar, wind and biomass energy resources.
Subsequent to Italy’s energy agency Gestore dei Servizi Energetici's (GSE) 45 days notice to the domestic solar industry until the implementation of the revised Conto Energia, analysis from IMS Research has revealed that the country will have a severely reduced budget for incentive schemes. The new scheme was intended to be accompanied by an additional annual budget of €700m and is due to end when the total annual cost reached €6.7 billion. However, due to a large number of installations having been completed in the first half of this year in order to benefit from the previous Conto Energia’s generous rates, these have not yet been included in the official GSE statistics.
Sunways’ management board approved the conclusion of, and entered into, an agreement with Deutsche Solar in order to resolve the early termination of two long-term contracts, originally concluded in 2006 and 2007, that provide for the supply of PV wafers by Deutsche Solar.
Regen SW recently published its “Renewable Energy Progress Report”, which, among other findings, demonstrates that renewable capacity in the South West of the UK has more than doubled over the past year. The renewable electricity capacity grew by 142% from 217MW in 2010/2011 to 525MW in 2011/2012. Solar Power Portal noted that the region’s growth was propelled by solar PV, which accounted for 237MW of all new renewable capacity during the 2011/2012 year.
While talks continue with potential buyers of insolvent PV manufacturer, Q-Cells, Insolvency administrator Henning Schorisch will also potentially conduct a full restructuring of the company under administration. Q-Cells reported that its creditors met in Dessau-Rosslau to hear about the insolvency proceedings.
