German PV manufacturer Solarwatt has signalled its intention to move into the Scandinavian solar market by signing a distribution agreement with Danish firm Solarglas. The agreement will see Solarglas, which is based in Denmark’s second city, Aarhus, market Solarwatt’s modules and system solutions to its growing number of clients in the residential and business sectors.
Seraphim Solar System’s modules have passed the Italian Certification Authority’s ICIM (Istituto di Certificazione Industriale per la Meccanica) evaluation. ICIM’s assessment covered Seraphim’s entire management system and the certification will be a boon to the Changzhou-based firm’s hopes of establishing itself in Italy’s highly-competitive PV industry.
Inventory writedowns and a weaker-than-expected recovery in demand for PV installations, specifically in Germany, are behind revised financial guidance by Phoenix Solar. The project developer warned of significant losses for the fiscal year 2011 and said it would be looking at its current business model in an effort to make changes and reduce costs to return to profitability in 2012.
Global Solar Energy, a manufacturer of flexible CIGS thin-film solar panels, has received a TÜV certificate qualifying them for Italy’s Conto Energia IV FiT. In order to benefit, companies have to produce components that are of at least 60% European origin.
UK based Foresight Group has signed a joint venture agreement with Quercus Renewable Energy Fund, a division of the Luxembourg-based Quercus Asset Selection, for the expansion of its investments in the Italian solar PV market. Quercus bought a 50% stake in Foresight’s Luxembourg holding Foresight Lux Co 2, which controls 40% of ForVEI, a company that was established by investors with help from Foresight, who were looking to buy interests in Italian PV plants.
SunEdison and KGAL recently finalized an agreement that sees KGAL buying 33MW of solar PV systems from SunEdison, which are located in Italy and Spain. Financial and specific project details were not released, but the recent acquisition comes after KGAL completed a 20MW purchase from SunEdison in Q2 2011.
Three months ahead of schedule, Wacker Chemie has started ramping its new polysilicon plant in Nünchritz, Germany. The €900 million investment which includes debottlenecking strategies to boost output to 15,000MT per annum has created 500 new jobs at the plant. Full nominal capacity is expected to be operational in the second quarter of 2012.
Despite global oversupply and plummeting demand for PV modules and components, the UK solar market is still experiencing large install figures and has had an explosive year with 900% growth. Over 300MW has already been installed and forecasts suggest that 550MW could be deployed by the end of the current FiT period.
Martifer Solar has signed a contract to install a 22MW PV project in Portugal. The system, which will be the largest in Portugal when completed next year, is being commissioned by an unnamed client of BNP Paribas Clean Energy Partners.
German Chancellor Angela Merkel has dealt a blow to Germany’s flagging downstream sector by questioning its credibility as a commercially viable energy source and calling for a further cut to its feed-in tariff.
