Leading French renewable energy producer Fonroche Energie has secured a €52-million credit line with a banking syndicate led by Credit Agricole. This finance will help Fonroche to increase its green portfolio, an expansion plan highlighted by the construction of 20MW of solar greenhouses in France.
Deutsche Bank’s 7.56MW solar park in the southeast Italian commune of Torre Santa Susanna has been officially opened. Torre Santa Susanna is one of the largest tracking solar systems in Europe and is powered by 32,202 Sanyo’s HIT solar modules fitted on Ideematec safetrack technology.
German laser system supplier 4JET has won the Deutscher Gründerpreis Award 2011. The award, sponsored by Porsche, German magazine Stern, ZDF Television and the Sparkasse Banking Group, was presented to 4JET for not just its exceptional financial growth over the past 12 months but also for creating a business model that promises further growth in the years ahead.
While Barack Obama may have reneged on his promise to put solar panels on the roof of the White House by the end of spring, the US Government shows no sign of backtracking on his other solar commitments, with further evidence of this seen last Thursday as Energy Secretary Steven Chu paid a visit to Amonix’s new production facility in Las Vegas.
Suntech Power’s Just-Roof building integrated photovoltaic (BIPV) solution has been approved by French certification body CEIAB (Comité d'Evaluation de l'Intégration au Bâti). CEIAB is France’s official evaluation committee for all BIPV products, and its endorsement sees Just Roof gain eligibility for the country’s highest available feed-in-tariff.
Payom Solar has formed a new subsidiary in Turbigo, Milan to help manage the company’s rapidly-expanding Italian client base. The subsidiary, which has been named Solar Energy Italia SAS, has already secured its first major order – a 4MW roof system for a Danish investment group valued at €13 million.
Pythagoras Solar has won the GE ecomagination Challenge for its Photovoltaic Glass Unit (PVGU) window technology. The company fended off competition from nearly 5,000 other entrants to win the award, which recognises the most promising innovations in the field of building-integrated energy technology.
Transphorm has completed the latest round of financing for the development of its Galiium Nitride GaN power conversion module. Quantum Strategic Partners, Kleiner Perkins Caufield and Byers, Google Ventures, Foundation Capital and Lux Capital were the investors behind the US$25 million Series D financing round, which takes the total capital raised to US$63 million.
Solar Frontier is set to strengthen its presence within the growing Middle Eastern solar market by opening a new office in Al Khobar, Saudi Arabia. The office, which opens on July 1, will help Solar Frontier to liaise with its partners in the region and offer more hands-on support for its projects in Saudi Arabia.
Stringer system specialists teamtechnik has expanded the global reach of its production base by forming two new subsidiaries in Asia. The subsidiaries, located in the Chinese cities of Suzhou and Jintan, enable the Freiberg-based firm to provide shorter delivery time, quicken service response and forge a closer relationship with its clients.
