German project developer SAG Solarstrom has insisted it is weathering continued difficulties in Europe's PV market despite posting a €6.9 million (US$9.3 million) loss for the first nine months of the year.
The European solar market is set to stabilise in the final quarter of 2013 as it recovers from 18 months of turmoil, according to the latest data from the consultancy NPD Solarbuzz.
Skytron Energy is to install a power control system in a 50MW Romanian photovoltaic plant, allowing the plant to provide frequency stabilisation without energy storage equipment.
The chief executive of PV manufacturer REC, Ole Enger, is to step down in December after 4.5 years as the company relocates key management from Norway to the US.