Another feed-in tariff success story
Off the back of the German solar feeding tariff laws, Solarworld AG built a thriving solar panel export business that is now a truly global player, with 1.4GW capacity expected to be online by the end of this year. As a result of continued success, SolarWorld Groupwide earnings before interest and tax (EBIT) increased in financial year 2010 by 26 % , climbing 40.0 million euros to € 192.8m (for comparison, in 2009 it was € 152.8m). This stellar result was achieved by increasing volumes in the face of low industry pricing. Solarbuzz...
read moreNSW Solar PV Bonus Scheme Review – 20c is new baseline
Upon reaching 50MW installed capacity, the NSW Government has reduced the successful 60c solar feed-in tariff to 20c, as a result of unexpected demand. Review points of note Will still operate until original 31 December 2016 deadline; Existing customers will continue to receive the 60 cent credit for export, provided the system size and ownership are unchanged; New customers will connect at the base rate of 20c, although retailers are offering between 20 and 28c for exported power; and Once 300MW of installed capacity is reached, a further...
read moreRECs multiplier changes
The federal government , via Minister for Climate Change & Energy Efficiency, the Hon Greg Combet MP, has announced changes to the controversial ‘Solar Credits Scheme’, a segment of the Renewable Energy Target legislation providing support to the capital cost of small solar generation systems. The effect of the changes will be that homeowners will receive less financial support through the program than at the current time, starting from July 1st. The scheme’s details are best explained at...
read moreSpark Solar announces new patent applications
New Spark patents pending Spark now has a total of three patents pending that relate specifically to module design. The new work targets three different areas: form, function and safety. ‘Form’ relates to a more aesthetic module design, ‘safety’ to the safety, particularly of roof-top PV systems and ‘function’ is about a higher power output over the life of the system.
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