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31 May 2011

ADB targets $2bn annual renewables spend from 2013, backs cleantech venture capital funds

Clean energy project developers are set to benefit from the $2bn a year the Asian Development Bank will commit to the industry from 2013, as it announces it will invest $60m to set up three venture capital funds.

31 May 2011

Thailand’s SPC seeks capital for development of solar portfolio

Thailand’s Solar Power Company will look to raise 24 billion baht ($79m) in capital to finance the development of a series of solar farms.

27 May 2011

Hazel Capital looks to raise solar venture fund

Investment firm Hazel Capital is reportedly looking to raise a solar-focused venture capital fund, bucking the trend of many who have drawn away from launching fresh investment vehicles in the sector.

27 May 2011

EOS Energy launches £20m solar scheme

UK renewable energy company EOS Energy has announced a £20m scheme that will see it install photovoltaic panels on private and local authority buildings at no cost.

27 May 2011

Stock round up: Will solar stocks be increasingly targeted by short sellers?

A notable short seller has said he is betting First Solar stocks will fall in price, sparking concerns that there may be widespread overvaluation of companies in the industry.

27 May 2011

Italy’s fourth Conto Energia welcomed by industry

Italy's long awaited fourth Conto Energia is a positive step that, although reduces subsidies for the photovoltaic sector, will provide long-term investor security, according to a continental solar manufacturer.

27 May 2011

Deal round-up: Solar finds shelter in the private sector

The penultimate week of May has seen investment stream into the solar industry on both sides of the Atlantic, amid controversy over council ‘money grabs’ in the industry and Scotland’s new Energy Minister declaring wind will be the resource to boost its economy.

27 May 2011

Suntech wins 190MW solarhybrid supply deal

NYSE-listed solar panel manufacturer Suntech Power has won a 190MW supply deal from project developer solarhybrid.

26 May 2011

UK councils accused of solar ‘money grab’

A UK council has been accused of standing in the way of progress in the solar industry by demanding that homeowners formally apply for permission to have panels installed, which the government has not said is requ

26 May 2011

Molecular Solar on hunt for further £5m cash injection

University spin-out Molecular Solar has completed seed funding but is now looking to raise a further £5m, NewNet has learnt.

26 May 2011

Morgan Solar attracts $16.5m for CPV manufacturing

Morgan Solar has raised $16.5m in the first tranche of Series B funding, which it will put to use by stepping up the manufacturing and deployment of its concentrated photovoltaic modules.

26 May 2011

juwi consortium wins $195m Maharashtra solar contract

A consortium of renewable energy developers in India led by Juwi Renewable India has been awarded an R8.84bn ($195m) contract from Maharashtra’s state power generator to build a 75MW photovoltaic project in the state.

26 May 2011

Venture-backed solar brokerage pvXchange eyes expansion into global markets

Seven year-old solar trading platform pvXchange plans to expand it position in international markets after recently securing venture backing from Wheb Partners.

26 May 2011

Principal Solar makes public debut

Renewable energy holding company Principal Solar has closed its public debut, listing its common stock on the Pink Sheets over-the-counter market.

25 May 2011

Net income wanes at China Sunergy despite improved gross margin

Chinese solar cell and module manufacturer China Sunergy exceeded its gross margin guidance in the first quarter of 2011, but its net income dropped three-quarters on a quarterly basis to $3.5m.

25 May 2011

SiC Processing annual revenues rise 60%

SiC Processing, a German company providing systems for conditioning used slurry from the solar industry, has captured a 40 per cent share of the global market for sawing suspension after increasing its revenues 60 per cent in 2010.

25 May 2011

Total files to acquire SunPower majority stake

French oil and gas group Total has made a filing with the European Commission to acquire a majority interest in Nasdaq-listed solar panel manufacturer SunPower in an all-cash transaction.

25 May 2011

Japan’s Softbank unveils solar investment opportunity

One of Japan's largest mobile phone operators has said it will commit a large percent of its revenue to solar power projects, signaling an investment opportunity for prospective developers in the region.

25 May 2011

Satcon tops US solar inverter market in Q1

Utility-scale renewable energy power conversion technology provider Satcon has captured the largest share of the US solar inverter market, according to data published in IMS Research’s quarterly inverter tracker report.

25 May 2011

Premier Power to build 1.12MW municipal solar project in California

Premier Power Renewable Energy has agreed to develop a 1.12MW solar project at the Laguna County sanitation district’s wastewater reclamation facility in California.

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