Inverter manufacturer Power-One reported 2011 revenue of $1.02B, with a surge in demand during Q4 2011; company declined to provide financial guidance for 2012 due to uncertainty in the industry.
China National Offshore Oil invested $300M in a venture with Spanish solar power company Isofoton to develop PV power plants across Asia.
North Carolina-based Semprius recorded an efficiency of 33.9% on one of its high-concentrating PV (HCPV) modules; results were verified at the University of Madrid, Spain.
LDK Solar, Bosch, and Centrosolar have all been given the green light to go ahead with their planned takeovers of Sunways, Voltwerk, and Gecko Group, respectively.
OCI Solar Power plans to build 400MW of solar power projects for San Antonio's municipal utility CPS Energy; proposals may be finalized within the next three months.
Centrosolar AG will expand its German field activities with the takeover of mid-sized PV plant developer The Gecko Group.
Solar power accounted for three percent of total energy generation in Germany during 2011, increasing 60% over 2010 to 18.6 terawatt-hours.
Renewable Energy World
Westinghouse Solar receives $1M investment from Australia-based CBD Energy Limited; the funds will be used as working capital for fund growth in the U.S. market.
HyperSolar announced it would abandon PV solar panels altogether and will focus instead on making solar powered nanoparticles that can float in wastewater to clean it and produce methane gas.
Securities litigation firm Powers Taylor and former SEC attorney Willie Briscoe are investigating the sale of SunPower shares to Total for recent acquisition of Total's solar panel production unit Tenesol.
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