centrotherm photovoltaics AG (Blaubeuren, Germany) on July 10th, 2012 has submitted an application to the relevant District Court of Ulm for the launching of insolvency protection proceedings (pursuant to the German Act Relating to the Further Simplification of the Reorganization of Companies [ESUG], and Section 270b of the German Insolvency Directive [InsO]), and for the opening of insolvency proceedings under its own administration in connection with this application.
quarta-feira, 11 de julho de 2012
Centrotherm Joins the List of German Solar Insolvencies
SolarServer
centrotherm photovoltaics AG (Blaubeuren, Germany) on July 10th, 2012 has submitted an application to the relevant District Court of Ulm for the launching of insolvency protection proceedings (pursuant to the German Act Relating to the Further Simplification of the Reorganization of Companies [ESUG], and Section 270b of the German Insolvency Directive [InsO]), and for the opening of insolvency proceedings under its own administration in connection with this application.
German photovoltaic panel manufacturers are faced with reduced feed-in tariffs, increased competition from China, and a global oversupply of solar modules. Solar manufacturing tool and production line vendors vendors like centrotherm are faced with the same massive and persistent solar overcapacity. GTM Research (...) estimates module supply to be in excess of global demand by nearly 100 percent this year, or roughly 59 gigawatts of total supply compared to 30 gigawatts of total demand. It's a dire situation for any equipment vendor. Centrotherm joins Germany's Q-Cells, Soltecture, Odersun, Inventux, Solar Millennium, Solarhybrid, and Sovello in the group of the country's extremely troubled or shuttered PV firms. Q-Cells was Germany's -- and once the globe's -- largest solar manufacturer. It is now on the brink of bankruptcy. As Shyam Mehta, GTM Senior Solar Analyst, has said, "'Consolidation' is a nice word that refers to a lot of ugly things.”
centrotherm photovoltaics AG (Blaubeuren, Germany) on July 10th, 2012 has submitted an application to the relevant District Court of Ulm for the launching of insolvency protection proceedings (pursuant to the German Act Relating to the Further Simplification of the Reorganization of Companies [ESUG], and Section 270b of the German Insolvency Directive [InsO]), and for the opening of insolvency proceedings under its own administration in connection with this application.
segunda-feira, 9 de julho de 2012
More affluent, older, rural residents installing more solar
SolarServer
The U.K.'s Department of Energy and Climate Change (DECC) has released a new report which finds that solar photovoltaic (PV) installations through the nation's feed-in tariff (FiT) are concentrated in more affluent households with higher energy consumption. "Identifying trends in the deployment of domestic solar PV under the Feed-in Tariff scheme" also finds that rural areas have a greater density of domestic PV installations, as do areas with more educated, older residents.
The U.K.'s Department of Energy and Climate Change (DECC) has released a new report which finds that solar photovoltaic (PV) installations through the nation's feed-in tariff (FiT) are concentrated in more affluent households with higher energy consumption. "Identifying trends in the deployment of domestic solar PV under the Feed-in Tariff scheme" also finds that rural areas have a greater density of domestic PV installations, as do areas with more educated, older residents.
segunda-feira, 2 de julho de 2012
Schott Solar to quit crystalline silicon PV manufacturing
SolarServer
Citing "sever deterioration in market conditions" Schott Solar AG (Mainz, Germany) has announced that it will close its crystalline silicon solar photovoltaic (PV) manufacturing business in 2012. (...) The company will continue to manufacturing amorphous silicon thin film PV modules in Jena, Germany, as well as components for concentrating solar power (CSP) plants. Schott has more than 54 years of experience in PV manufacturing. The company began producing PV cells for space travel in 1958, and for terrestrial applications in the 1960's. The company began series production of PV modules in Europe in 1978.
A large number of German PV manufacturers have either left the business or declared insolvency since December 2012, including former PV manufacturing market leader Q-Cells SE, Inventux, SOLON SE, Soltecture GmbH and Sovello GmbH.
Citing "sever deterioration in market conditions" Schott Solar AG (Mainz, Germany) has announced that it will close its crystalline silicon solar photovoltaic (PV) manufacturing business in 2012. (...) The company will continue to manufacturing amorphous silicon thin film PV modules in Jena, Germany, as well as components for concentrating solar power (CSP) plants. Schott has more than 54 years of experience in PV manufacturing. The company began producing PV cells for space travel in 1958, and for terrestrial applications in the 1960's. The company began series production of PV modules in Europe in 1978.
A large number of German PV manufacturers have either left the business or declared insolvency since December 2012, including former PV manufacturing market leader Q-Cells SE, Inventux, SOLON SE, Soltecture GmbH and Sovello GmbH.
China warns EU against solar industry restrictions
China.org.cn
[Shen Danyang,] spokesman for China's Ministry of Commerce told reporters at a press conference today that the European Union would hurt its own solar industry if it imposes restrictions on Chinese products.(...)
The spokesman stressed that he did not wish to see such a mutually beneficial situation compromised, and warned the EU that European firms would also suffer if restrictions were placed on Chinese solar firms.
"We do not want such a win-win situation being undermined or damaged," he said. "Faced with such a grave world economic situation, we think that China and the EU should enhance policy coordination and refrain from using trade protection measures."
He added that China has so far imported a total of 40 billion yuan (US$6.3 billion) worth of equipment to produce solar batteries, with 45 percent being purchased from Europe.
Shen warned that any sanctions against the Chinese solar cell industry would hurt EU firms as China buys a large volume of European raw materials in order to make photovoltaic products.
[Shen Danyang,] spokesman for China's Ministry of Commerce told reporters at a press conference today that the European Union would hurt its own solar industry if it imposes restrictions on Chinese products.(...)
The spokesman stressed that he did not wish to see such a mutually beneficial situation compromised, and warned the EU that European firms would also suffer if restrictions were placed on Chinese solar firms.
"We do not want such a win-win situation being undermined or damaged," he said. "Faced with such a grave world economic situation, we think that China and the EU should enhance policy coordination and refrain from using trade protection measures."
He added that China has so far imported a total of 40 billion yuan (US$6.3 billion) worth of equipment to produce solar batteries, with 45 percent being purchased from Europe.
Shen warned that any sanctions against the Chinese solar cell industry would hurt EU firms as China buys a large volume of European raw materials in order to make photovoltaic products.
South Korea's Hanwha may buy Q-Cells
Reuters
South Korean group Hanwha may buy insolvent German solar group Q-Cells, once the world's largest maker of solar cells, a spokesman for Hanwha Corp said on Friday.
South Korean group Hanwha may buy insolvent German solar group Q-Cells, once the world's largest maker of solar cells, a spokesman for Hanwha Corp said on Friday.
terça-feira, 19 de junho de 2012
Japan approves renewable subsidies in shift from nuclear power
Reuters
Japan approved on Monday incentives for renewable energy that could unleash billions of dollars in clean-energy investment and help the world's third-biggest economy shift away from a reliance on nuclear power after the Fukushima disaster. (...) Nuclear power accounted for almost 30 percent of Japan's electricity supply before an earthquake and tsunami on March 11 last year triggered the Fukushima disaster. Near Sendai on Japan's northeast cost, which was devastated by the earthquake and tsunami, memories of power cuts are fresh, prompting a drive for self-sufficiency."People had to queue for hours several times a week to charge their cell phones during the blackouts, which lasted for up to three weeks," said Naoaki Ando, the manager of an office near Sendai of Sekisui House, Japan's biggest home builder.
(...) The scheme requires Japanese utilities to buy electricity from renewable sources such as solar, wind and geothermal at pre-set premiums for up to 20 years. Costs will be passed on to consumers through higher bills. Utilities will pay 42 yen (53 U.S. cents) per kilowatt hour (kWh) for solar-generated electricity, double the tariff offered in Germany and more than three times that paid in China.
Wind power will be subsidised at least 23.1 yen per kwh, compared with as low as 4.87 euro cents (6 U.S. cents) in Germany.
Japan approved on Monday incentives for renewable energy that could unleash billions of dollars in clean-energy investment and help the world's third-biggest economy shift away from a reliance on nuclear power after the Fukushima disaster. (...) Nuclear power accounted for almost 30 percent of Japan's electricity supply before an earthquake and tsunami on March 11 last year triggered the Fukushima disaster. Near Sendai on Japan's northeast cost, which was devastated by the earthquake and tsunami, memories of power cuts are fresh, prompting a drive for self-sufficiency."People had to queue for hours several times a week to charge their cell phones during the blackouts, which lasted for up to three weeks," said Naoaki Ando, the manager of an office near Sendai of Sekisui House, Japan's biggest home builder.
(...) The scheme requires Japanese utilities to buy electricity from renewable sources such as solar, wind and geothermal at pre-set premiums for up to 20 years. Costs will be passed on to consumers through higher bills. Utilities will pay 42 yen (53 U.S. cents) per kilowatt hour (kWh) for solar-generated electricity, double the tariff offered in Germany and more than three times that paid in China.
Wind power will be subsidised at least 23.1 yen per kwh, compared with as low as 4.87 euro cents (6 U.S. cents) in Germany.
segunda-feira, 18 de junho de 2012
PV Feed-in tariff dispute continues in German government
SolarServer
The German federal and state governments have failed to come to a compromise on solar photovoltaic (PV) feed-in tariff reductions during an official government arbitration session, which will now continue on June 27th, 2012. (...) Analysts have noted that while the Bundesrat may hope to change certain provisions of the cuts, including timing, the overall scope of the cuts are unlikely to change.
The German federal and state governments have failed to come to a compromise on solar photovoltaic (PV) feed-in tariff reductions during an official government arbitration session, which will now continue on June 27th, 2012. (...) Analysts have noted that while the Bundesrat may hope to change certain provisions of the cuts, including timing, the overall scope of the cuts are unlikely to change.
The division over the feed-in tariff cuts falls both upon party and state lines. While left parties including Social-Democrats, Greens and The Left are opposed to the cuts, these parties form a minority in the current government. Additional opposition has come from inside Chancellor Merkel's Christian Democratic Union (CDU) and its sister party in Bavaria, the CSU.
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