The Asian Development Bank launched a $9 billion solar power initiative to develop projects generating 3,000 megawatts by 2012. The announcement, which came at the regional lending agency's annual meeting in Tashkent, Uzbekistan, said that Central Asian countries would be prime candidates for siting the projects.
Sharp Corp beat market expectations with a forecast for annual operating profit to more than double to its highest in three years, after it swung to a quarterly profit on strong sales of display and solar panels.
Sustainable Energy Technologies Ltd, a solar equipment maker that recently relocated to Toronto from Calgary, may soon land its first large-scale orders in its new home province, the world's newest go-to region for solar power.
US specialty chemicals maker Solutia Inc will buy closely-held Etimex Solar, a maker of chemicals used in solar panels, for 240 million euros ($327.1 million) in cash
The San Francisco-based company announced last week that it raised a $5 million round of Series A financing from New Enterprise Associates.
German solar company Phoenix Solar will strive to pay a dividend even though painful cuts in solar incentives are looming in Germany, the company's chief executive told Reuters.
Chinese solar-cell maker Canadian Solar Inc's said it had agreed to supply 60 megawatts of photovoltaic modules to Spain's Fire Energy Group in 2010.
Intel said new contracts are in place to incorporate approximately 2.5 megawatts worth of new solar power projects as it moves to develop renewable energy sources.
Power company Duke Energy said its commercial business unit, Duke Energy Generation Services (DEGS), agreed to buy a 14 megawatt Blue Wing Solar Project from juwi Solar Inc, a unit of Germany's juwi Holding AG.
German Environment Minister Norbert Roettgen proposed a 15 percent cut in support for new roof-mounted solar power, a bid to ease the industry toward free competition but a slightly smaller reduction than expected.
A potential deep cut in feed-in tariffs in Germany will hit solar companies around the world and increases pressure on large players to reduce exposure to the world's largest photovoltaic market.
In a bid to make India Solar and Wind Valley on lines of Silicon Valley, The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged the Finance Minister to completely exempt imported equipment from levy of import duty for setting up of Solar and Wind Power plants.
The government, photovoltaic companies and consumer lobby groups moved closer on Wednesday toward an agreement on trimming state-mandated incentives for solar power to reflect a steeper overall slide in costs.
As an entrepreneur, Gary Kremen knows something about growth industries.
Italy's total capacity of the photovoltaic (PV) installations that turn sunlight into power has risen to 795.6 megawatts from 700 MW at the end of November, the state energy management agency GSE's data showed on Tuesday.
The shares of Chinese solar power companies JA Solar Holdings Co Ltd and Solarfun Power Holdings Co Ltd rose as much as 13 percent on Wednesday after an analyst raised price estimates for the companies.
Morocco will invite bids for construction of its first solar power station at the end of next month as part of a $9 billion solar energy project, its energy minister said on Wednesday.
German solar companies in industry association BSW are proposing to cut subsidies faster than planned, Solarworld Chief Executive Frank Asbeck told a German magazine.
The solar industry needs $2 billion to expand next year, but with Wall Street still nervous about backing risky and capital intensive ventures, companies are looking beyond to boutique banks and other sources of funding to avoid falling behind.
Shares of LDK Solar tumbled for a second day after the Chinese solar wafer maker cut the size of its offering of American Depositary Shares (ADS) and priced it at an 11 percent discount to Thursday's close.
DPL Inc's (DPL.N) principal unit The Dayton Power and Light Co said it plans to construct a 1.1 Megawatt (MW) solar array near its Yankee substation in Southwestern Ohio at a cost of about $5 million.
Germany may trim incentives for solar power producers next year but still aims to double the proportion of energy it generates from renewable sources by 2020, despite overcapacity and a subdued economic outlook.
