The Australian Capital Territory (ACT) Labor government's minister for the environment and sustainable development, Simon Corbell has announced its large-scale solar auction is in its final stage. The feed-in tariff support scheme has shortlisted 22 proposals.
The former BP Solar module assembly plant, originally closed in 2009 but resurrected by Silex Systems to provide modules in the Australian market has also closed the facility. The company said that it couldn’t operate the facility on a profitable basis as market demand in Australia had waned.
Profitability remains tantalizingly elusive at Suntech Power Holdings, having reported a first quarter GAAP loss of US$133 million on the back of certain one-time issues, 27% lower quarterly shipments and 10% price declines. Although management stuck to previous guidance for the year, indicating strong shipments in the second-half of the year, analysts raised concerns over Suntech’s ability to repay a US$540 million convertible note due next year.
Westinghouse Solar and CBD Energy are hoping that the definitive merger agreement both companies signed this week will be completed by Q3 2012. Approvals from both companies’ board of directors have been received. Limited closing conditions and approval by both companies’ shareholders need to be finalized in order to complete the deal.
This paper presents Calyxo’s recent advances in product design that have resulted in independently confirmed peak aperture-area efficiencies of 13.4% for modules and 16.2% for cells. Some insight is given into a suitable product design for achieving the highest reliability possible, even in hot climates such as Australia, with no signs of degradation during the first three years of deployment in the field. These technical advances and the midterm production-cost target of US$0.50/Wp allow a forecast levelized cost of electricity (LCOE) of under US$0.10/KWh, especially in sunny regions of the world.
Large-scale solar in India was given a showcase last week when Honourable Chief Minister of Gujarat, Narendra Modi, dedicated over 600MW of commissioned solar projects to the nation. The celebration of Indian solar innovation and ambition was delivered to over 10,000 people at the Charanka Solar Park – a 200MW facility in the North Western state of Gujarat, close to the Pakistan border.
Innotech Solar (ITS) and CEO Thor-Christian Tuv have decided to part ways after identifying differing opinions on the company’s future growth and expansion. The company’s board is now focusing on creating a new long-term growth strategy to meet the dynamic challenges of the photovoltaic industry. The ITS board views the introduction of new skills and expertise as an important priority, and has appointed David Hogg to the role of CEO at Innotech Solar with immediate effect.
Concentrating solar power companies, Abengoa, BrightSource Energy, and Torresol Energy announced the formation of the Concentrating Solar Power Alliance (CSPA). Market research group SBI Energy predicts a rise in the CSP market for 2012 and with the PV industry in such turmoil, there is a hole just waiting to be filled.
GE Energy Financial Services announced that over the past year, the company has more than doubled its global solar power investment commitments to US$1.4 billion, leading to nearly US$ 5 billion in projects. The company notes that its 1GW portfolio spans 48 solar power plants in six countries, including Australia, Canada, Italy, Portugal, Spain and the US.
DEGERenergie has hired several new key personnel to its international offices in order to better serve, and build better relationships, with its customers. Customers in Germany and other European countries will now be serviced by Hendrik Walter and Steffen Bahlinger.
