Hailed as one of the largest solar parks in Greece, Schneider Electric has helped complete a 4.99MW solar park at Kourtesi, which was developed by Enel Green Power and constructed by Cantreva. The solar project is expected to produce over 7GWh of electricity per year.
Following reports on First Solar shutting down production in Germany, it has contracted German PV services provider Adler Solar to take over responsibility for European warranties.
Meyer Burger Technology advised that it had raised US$121.3 (CHF110 million) in long-term capital through a Swiss Franc dominated straight bond issuance. The bond holds a coupon of 5% payable annually and maturity date of May 24, 2017. Zürcher Kantonalbank, Credit Suisse and UBS Investment Bank collectively offered the bond issue to institutional and private investors.
As part of plans to increase hyperpure polysilicon production to meet customer demand, Wacker has officially started volume production at its latest plant in Nünchritz, Germany. Wacker said it had invested €900 million in the facilities, creating more than 500 new jobs. The 15,000MT polysilicon plant should reach full capacity within the next few weeks, Wacker said.
Yesterday, at Hannover Messe, Germany, Phono Solar and SYBAC solar signed a five-year purchase agreement for €300 million, which equates to an output of 500MW. Last month, Phono Solar, a monocrystalline and polycrystalline silicon solar modules manufacturer, passed TÜV Rheinland’s ammonia corrosion test.
The voluntary takeover offer for Sunways, submitted by LDK’s German subsidiary, has been accepted following the passing of the additional acceptance period on April 12.
Q-Cells has completed the construction of the largest European PV project, located in Brandenburg-Briest. The construction of the 91MW solar park took only eight weeks and the project on the former 200 hectares military base in the east of Germany is equipped with approximately 383,000 Q-Cells crystalline PV modules, with a total capacity of 91MWp.
Following a continued downturn in operating results, Renewable Energy Corporation (REC) will close its 650MW multicrystalline wafer plant at Herøya, Norway by the second quarter of 2012. The closure of the Herøya plant, in the south of the country, will signal the end of all REC’s wafer operations in Norway after the closure of the Glomfjord monocrystalline plant on March 20, 2012.
Scandinavian solar power company REC has sold a German ground mounted 6MW PV plant in Bitterfeld to two Chorus Group investors, including Chorus Cleantech. REC took over the project in 2011 from the plant’s former developer, Grüne Energien, and successfully developed, financed and constructed the project with project financing from the Deutsche Kreditbank (DKB). Construction was finished in December 2011 to ensure the project’s eligibility for the higher 2011 FiT.
Rainer Ott, sales director at DEGERenergie since early 2011, will take charge of the company’s global sales with immediate effect. Since joining DEGERenergie Ott has impressed as the business manager of the company’s US, Spanish and Greek subsidiaries. His new responsibilities will include the research of new markets for potential investment and developing the company’s international distribution network.
