Chemical & Engineering News
Following the amendment to the Quarto Conto Energia, GIFI, the Italian PV Industry Association, has said manufacturers are rising up to urge the government to repeal its decision on cutting FiTs for solar plants on agricultural land. Panic has spread through the PV manufacturing industry, where already financed projects will now not provide as much of a return as under the original legislation.
US Congressman Bill Owens will arrive in Taipei Wednesday to visit Taiwan Semiconductor Manufacturing Company (TSMC) to discuss a possible investment plan, according to the Ministry of Foreign Affairs (MOFA).
Central News Agency (CNA)
Alterations to Germany's green policy are causing outrage. The country's environment minister, Norbert Röttgen, has rejected the economy minister's calls to cut renewable energy subsidies further.
Germany's Economy Ministry released a paper on Thursday with a proposal to reduce the growth of new photovoltaic installations to 1,000 megawatts (MW) a year, a move that would dethrone the country as the world's largest market for solar panels.
Germany's Environment Ministry on Friday dismissed a proposal from the Economy Ministry to reduce the growth of new photovoltaic installations to 1,000 megawatt (MW) a year, saying a 15-percent cut for 2012 was enough for now.
Under fire from angry Republicans, US Energy Secretary Steven Chu denied Thursday that now bankrupt solar panel firm Solyndra leveraged political ties to President Barack Obama for a government loan.
The US Department of Energy (DOE) revealed its latest funding under the SunShot Initiative with a US$7 million effort for the reduction of non-hardware costs of residential and commercial PV installations.
Sydney Morning Herald
China has unveiled its three-step plan for phasing out energy-inefficient incandescent lamps. The announcement caused shares in US-based LED maker Cree (Nasdaq: CREE) to surge by almost 10% on November 4.
India's solar power costs could fall by more than 40 percent by 2015, allowing the industry to compete against domestic oil and gas firms without the help of state subsidies, the head of Lanco Solar told Reuters on Wednesday.
The strong yen has had an impact on several Japanese companies including Toshiba, Honda Motor and Panasonic, which have reported lower second-quarter profits.
The UK government has launched a consultation paper, which is proposing further, significant photovoltaic feed-in tariff (FIT) cuts for systems registered on or after December 12, 2011.
During a joint press conference with German Chancellor Angela Merkel, French President Nicolas Sarkozy said that 'broad agreement' was reached to ramp up the firepower of the eurozone rescue fund.
Installed capacity in Italy is expected to reach 12.5GW by the end of the year, according to the chairman of the Italian Photovoltaic Industry Association (GIFI), Valerio Natalizia.
Germany's solar industry has endured a difficult year and the Federal Network Agency and transmission system operators (TSO) have responded accordingly by leaving the Renewable Energy Law (EEG) levy virtually unchanged at ??.3592 per kWh.
The bill would require the commerce department to use estimates of currency undervaluation when calculating so-called "countervailing duties," imposed against imports deemed to be state-subsidised.
The Financial Times
Two days before a looming deadline, the U.S. Department of Energy finalized two loan guarantees Wednesday from the same economic-stimulus program that backed Solyndra LLC.
Some may think of the solar energy industry as new and even in need of government help, but those who have worked in it for decades say plenty of privately funded solar power companies are thriving.
Executives of the failed solar- panel maker Solyndra LLC are refusing to answer questions at a congressional hearing today, a sign that the first serious financial scandal of the Obama administration has arrived.
According to sources, newly installed photovoltaic capacity in Germany hit 1.25 gigawatts (GW) between June and July of this year. As such, there are fears solar incentives will be slashed by 15 percent in January 2012.
Facing a frustrated public and a skeptical Congress, President Barack Obama will pitch at least $300 billion in jobs proposals aimed at getting Americans back to work quickly and forcing Republicans to take a share of the responsibility for solving the country's economic woes.
AP (via Forbes)
The UK's headlong rush into renewable energy - one ignored by the rest of the world - will hit British jobs and then general incomes, an economic study finds.
Recession in rich countries has discouraged some would-be incomers from trying their luck. America, for instance, has seen a sharp decline in Mexicans trying to cross its southern border. Immigration to Europe has slowed. Some studies also suggest that increased inflows of migrants are a leading indicator of a pickup in growth.
The Federal Reserve chairman, Ben S. Bernanke, said Friday that the economy is recovering and the nation's long-term prospects remained strong, an upbeat assessment that offered little indication of any plans for additional measures to boost short-term growth.
New York Times
Japan approved a bill today to subsidize electricity from renewable sources, joining European nations in shifting away from nuclear power after the Fukushima reactor meltdowns in March.
The Japanese government has announced a new US$100 billion fund to help companies combat the strength of the yen.
China is putting a competitive squeeze on some of its partners that still use the mainland as a source of low-cost design and manufacturing. Good Will Instrument, a 700-person test and measurement company in Taiwan, is just one of the companies feeling the pinch.