Policy, investment and markets News for May 2012

Policy, investment and markets News Archive

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South Africa announces preferred bidders for its IPP programme

The Energy Department of the Republic of South Africa has announced its preferred bidders for the second phase (Window 2) of its Independent Power Producer (IPP) Procurement Programme.

Sovello files for insolvency restructuring

German Solvello GmbH has filed for insolvency but will also attempt to restructure its operations during the process.

World’s "largest solar park" to be created in Serbia

Representatives of the Serbian Government and Securum Equity Partners Europe have signed a memorandum regarding construction of what is claimed to be the largest solar park the world has seen so far.

PV markets face short term challenges, says new EPIA report

The European Photovoltaic Industry Association (EPIA) has released a comprehensive report assessing the state of PV markets in Europe and around the world which identifies Germany and Italy as the top markets for solar.

Saudi Arabia needs much more solar power says Arabian energy adviser

Saudi Arabia needs to install much more solar power than any other country has managed to do so far, while simultaneously developing more nuclear power plants, the country’s King Abdullah City for Atomic and Renewable Energy (KACARE) advisory body has warned.

UK Queen's Speech: EMR proposals and GIB imminent

In her speech setting out UK Government’s legislative priorities, the Queen talked up the importance of the forthcoming Electricity Market Reform, and confirmed that the Government will establish the Green Investment Bank, which will be headquartered in Edinburgh and seeded with an initial £3bn ($4.84bn) of public money.

First Solar hit by lower prices and restructuring cost – new CEO

First Solar fell into loss of US$ 449.4 million in the first quarter (Q1) of 2012, compared with a net profit of US$116m in the same period last year, as the company was hit by low prices for solar and restructuring costs.

CSP market to double by 2020

The market for concentrating solar power (CSP) is set to more than double by 2020 despite the current lull, according to analyst Pike Research.

LDK Solar sales tumble on tough solar market

LDK Solar saw net sales more than halved to US$420.2 million in the fourth quarter (Q4) of fiscal 2011, compared with the same period the year before.

Vestas loss near doubled in Q1 – postpones V164 prototype

Vestas' loss almost doubled in the first quarter (Q1) of 2012 to €162 million, compared with a loss of €85m in the same period last year, as the company continues to struggle – and it is postponing the prototype of the new V164 7 MW offshore wind turbine.