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.
Effective August 27, 2012, the revised Italian feed-in tariff programme Conto Energia V has made the registration of all PV systems compulsory. EuPD Research claims this will induce an artificial limitation to the market as well as incur a supplementary cost of €3/kWh.
Mecasolar noted that it had received orders to provide its solar trackers for 56 PV projects in Greece, representing a 52% increase in six months. In June the company reached an agreement to deliver 351 solar trackers to Greece, 229 of them being dual-axis and 122 being single-axis.
Amid the investigations and continual reports of US and European PV manufacturers closing their doors, it has been easy to neglect the idea that the PV manufacturing industry in China has taken a hit as well. Renewable Energy World pointed out that John Lefebvre, president of Suntech Power America, noted during Intersolar North America in San Francisco that over 50 Chinese PV manufacturing companies have also closed.
Spanish Prime Minister Mariano Rajoy Brey has come to blows with a group of 11 international infrastructure funds, including those managed by HSBC and Deutsche Bank. The prime minister has pledged to Parliament to tax utilities in an attempt to raise sorely needed cash from renewable energy to curb €25 billion of debt. The financial institutions are threatening cutting investment and taking legal action if reforms are tougher on renewables than traditional energy sources, throwing further companies into bankruptcy.
During Intersolar North America’s opening session in San Francisco this week, the US Department of Energy’s (DoE) National Renewable Energy Laboratory (NREL) announced its membership of the newly-formed Global Alliance of Solar Energy Research Institutes.
Independent testing agency Société Générale de Surveillance (SGS) Institut Fresenius in Dresden, Germany, has reportedly confirmed that Q.Cells has broken the 300Wp barrier for 60-cell modules with a recorded performance of 301Wp. The module is based on the Q.Antum technology, which Q.Cells notes is under constant development.
Blaubeuren, Germany-based Centrotherm has filed for Chapter 11-type bankruptcy protection in Ulm’s district court to start insolvency proceedings. Centrotherm has a three-month window to restructure before creditors come knocking on its door. The company named insolvency lawyer Tobias Hoefer to the board in a bid to oversee the restructuring. Last month, Hans Autenrieth, member of the management board and co-CEO stepped down from his board position. Jan von Schuckmann replaced him and was appointed chief restructuring officer.
