Key Equipment Finance, one of the largest bank-held equipment finance companies in the U.S. and an affiliate of KeyCorp (NYSE: KEY), and SunPower Corp. ( SPWRA, SPWRB), a U.S.-based manufacturer of high efficiency solar cells, solar panels and solar systems, today announced a new program to fund up to $50 million in SunPower commercial-scale solar systems.
India promises to become one of the worlds largest photovoltaic solar energy markets. The country has the best solar resources in the world. In November 2009, the Government of India announced The National Solar Mission targeting 20,000 megawatts of cumulative installed solar power by 2020. This Mission includes a feed-in-tariff system. This, combined with remarkable solar irradiation, could lead to a quick boom in the Indian PV market. The purpose of the report is to study the Indian PV market situation and analyze the market potential and forecasts for the coming years.
The Korean solar energy market has experienced a period of cooling down, and is now longing for new incentives. In 2008, Korea came 4th in the list of installed PV capacity according to EPIA statistics. This position was achieved thanks to a favorable feed-in tariff system with a cap of 500MW in 2008. In 2008, the Korean government changed its successful feed-in tariff system. As a result of this change, the recently ignited Korean PV market is likely to shrink over the next three to four years compared with the success in 2008. The forecast market size in 2009 is around 98 MWp, increasing to 132 by 2010. Further growth to more than 160 MWp is foreseen for 2011. The new policy and financial support schemes, however, are also creating new business opportunities for the future. These are a few of the findings of a PV market report published in September 2009 by Solarplaza.
The Greek solar PV market is ready for take-off, following Spain and Italy as the next interesting Mediterranean top spot. Greece is set to become one of the global top ten biggest PV markets in 2010. This optimism is driven by the generous feed-in tariff in combination with a sunny climate. Even the problems of bureaucracy seem to have been resolved after two years of struggling.
Evolution Solar Corp. (PinkSheets:EVSO) announced today that Company Management initiated the process of formally establishing a new subsidiary in Bermuda, a step necessary for meeting contractual eligibility requirements under Bermuda law. The company is aggressively seeking to capture opportunities that will be created as a result of the Bermuda Government Solar Photovoltaic Rebate Initiative for residential users.
International Battery, a U.S. manufacturer and developer of large-format lithium-ion rechargeable batteries, today announced they have recently teamed with HNU Energy to participate in a solar power generation and energy storage project in Maui, Hawaii. The project, recently put into operation, will assess the effectiveness of storing solar energy using new, more-efficient battery technology.
DSM Functional Coatings today announced the further optimization of its KhepriCoat™ solar anti-reflective coating system
Roth & Rau AG is to take over from the OTB Group B.V., Eindhoven, Netherlands, 100% of the shares in that company´s subsidiary OTB Solar B.V. (OTB). OTB´s product portfolio consists of systems and technologies for the solar industry, especially antireflective coating systems and turnkey production lines for use in the manufacture of crystalline silicon solar cells. Moreover, OTB´s core competencies also include high-rate PECVD coating processes and industrial ink-jet printing applications with interesting potential for use in the production of new, high-efficiency solar cells.
China has become the largest Solar Cell Module producer in the world since 2008, and this figure includes the output of Taiwan, which accounted for 40% in the worldwide. Due to the short demand of photovoltaic products in the home markets, almost less than 1%, the Solar Cell Module in china are almost exported. However, this situation has changed since 2009. The construction photovoltaic subsidy policy, issued in March, 2009, was once considered optimistic in the photovoltaic industry. Although there was no great demand in the actual implementation, this indeed showed that Chinese photovoltaic market had come out. The following Golden Sun policy, issued in July, 2009, brought about a real demand of 640MW. Meanwhile, many project subsidies will have been allocated to the project owner before the December 31st, 2009. This phenomenon suggests that it is a government-supported industry and appropriate measures can be taken efficiently.
Has Initiated the Second Phase of Construction for the Project
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