The Chinese government’s actions this summer to further raise the country’s PV installation targets appears to have had the desired effect. IMS Research’s latest report provides hope to the Chinese market forecasting a surge in the second half of 2012 with more than 4GW of PV installations to be completed, taking full-year installations to 5GW, even though it experienced a slow start to the year with just 720MW installed in the first half.
Greenwood Energy, the North American renewable energy division of Libra Group, and Biosar Energy, the solar division of Ellaktor Group, have set up a joint venture company called Greenwood Biosar.
As part its senior management restructuring process, John Lefebvre, President of Suntech America has left the company, while E.L. “Mick” McDaniel, previously Vice President of Sales and Marketing for Suntech America, has assumed the newly introduced title of Managing Director for Suntech America. As with other recent changes, McDaniel will report directly to CEO David King.
Sumitomo Corporation of America (SCOA) and its parent company Sumitomo Corporation have invested in the 550MW Desert Sunlight Solar Farm which is currently under construction in the Californian desert in the US. As a result, the companies have acquired a 25% share in the project.
SolarCity has expanded its presence in the northeast with new locations in New York’s Westchester County and Long Island joining its recently magnified Albany operations centre.
PSEG Solar Source advised that its 25.2MW DC (19MW AC) Queen Creek Solar Farm has reached commercial operation. Located in Queen Creek, Arizona, the solar plant is built on 148 acres of land and uses nearly 90,000 crystalline solar panels, which operate on a single axis tracking system.
South Coast Solar advised that its CEO, Tucker Crawford, has stepped down in order to work full-time as president of the Gulf States Renewable Energy Industries Association (GSREIA). The group is specifically dedicated to expanding the use of solar power in Louisiana, Mississippi and Alabama.
The Export-Import Bank of the US has agreed to provide a 10-year guarantee for a PNC Bank loan worth US$6.4 million. The loan will be used to finance the export of PV modules from SolarWorld Americas, based on the west coast if the US, to Barbados-based Williams Industries-Williams evergreen Ltd.
Power Partners MasTec has chosen Solectria Renewables to provide its Megawatt Solar Stations (MSS) for MasTec’s 5MW True North solar farm in Salisbury, Massachusetts. The companies noted that the solar farm will be the largest solar installation in New England and the first direct-to-grid farm in the state.
The US Department of Energy’s Energy Information Administration has released a report on annual PV module shipments in the US. Solar Photovoltaic Cell/Module Shipments Report 2011, states that US shipments reached a record high of 3.77GW, an increase of 43% since 2010. The report lists declining PV cell and module prices, along with an installation rush at the end of the year due to the conclusion of grant programmes amongst its reasons for the increase.
