Norway-based Renewable Energy Corporation ASA (REC) has revealed that its revenues from continuing operations for the third quarter of 2012 fell by 24% to NOK1.51 billion compared with the corresponding period one year earlier.
The sale of Oerlikon Group’s loss-making Oerlikon Solar to Tokyo Electron (TEL) has received regulatory approval from the Chinese Ministry of Commerce (MOFCOM).
SRU Solar and Berlin-based Parabel have jointly completed a 29MW solar farm between the cities of Eisleben Wimmelburg, bringing back to life a 100ha former metal works site.
Belectric advised that the deal to acquire Konarka Technologies has been completed, with an agreement reached between the two companies. Konarka Technologies applied for insolvency earlier this year and began negotiations with several investors. Alexander Kubusch, preliminary insolvency administrator from Curator, commented, “…our talks have now reached a successful conclusion. Of the many interested parties, we ultimately opted for Belectric Holding, because this company not only offered an ideal solution to the issue of business operations but also went a long way toward upholding the interests of creditors.”
ET Solar Group announced that it has signed an MOU with EnergiMidt under which is will be the Danish company’s major PV module supplier. The MOU forms the strategic tie between the two companies and will be prominently utilized for EnergiMidt’s 2013 rooftop PV project requirements.
ReneSola has shipped 10MW of modules to German-based PV project developer, saferay for a new PV power plant being built in Schwarzheide in Brandenburg, Germany. Saferay is using ReneSola’s 245W and 250W multicrystalline solar modules for the project.
Major PV equipment supplier, centrotherm photovoltaics has submitted its reorganization plans to the insolvency court in Ulm, Germany. Although the company did not provide details on what those plans would be, the company said in a statement that it had now entered a critical phase in its insolvency proceedings that also need creditor approval. Both its subsidiaries, centrotherm thermal solutions and centrotherm SiTec have also filed plans with the court separately.
M+W Group, a German EPC provider, has completed the acquisition of Reliable Plant Solutions GmbH (RPS), a power plant developer with headquarters in Schkeuditz, Germany. Following the takeover, the company has become a 100%-owned subsidiary of M+W Group and has been renamed as M+W Power Solutions GmbH with immediate effect. Its headquarters will remain in Schkeuditz.
