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SPVI NEWS (282)

Saudi Arabia, The Land of Plenty For Solar

Written by Wednesday, 16 May 2012 18:00

Saudi Arabia's energy strategy plans to add 41GW to the national grid in 20 years through investments of $109B.

In April, the company sold its inverter business, voltwerk electronics GmbH to the Bosch Group, generating preliminary income of €4.7M

Renesola's poly production costs to average $22 per Kg by the end of the year

Low gross margin on wafers moves Renesola to expan module capacity to 1.2GW

The company made $114M in the other income, which was a reversal of pre-payments made by companies for the purchase of solar wafers

Looking even further Canadian is seeking all-in-cost to be in area of $0.50 to $0.60 per watt, a number which is incredibly low versus today’s costs