LDK Solar building new polysilicon plant
Nov 1 (Reuters) - LDK Solar Co Ltd on Tuesday broke ground on a new, 30,000 metric ton polysilicon manufacturing facility in China that will sharply increase the company's annual output of the solar industry's key raw material.
In a statement, LDK said the factory would bring its annual polysilicon production capacity to 55,000 MT by the end of 2013. That's up from the annual capacity of 25,000 MT the company will reach in the middle of next year.
Kenya to start work on new geothermal plant
NAIROBI, Nov 1 (Reuters) - Kenya Electricity Generating Company (KenGen) said on Tuesday it will sign a contract next week with a consortium to build its 280 megawatt (MW) Olkaria IV geothermal plant meant to be operational in 2014, as it pushes to diversify its power sources.
At the same time, KenGen Managing director Eddy Njoroge said an extra 202 MW would be injected into the national grid next year from a mix of thermal power, renewable energy and rehabilitation of an existing hydropower dam.
JA Solar to cut spending, output amid subsidy cuts
HONG KONG, Nov 1 (Reuters) - Chinese solar panel maker JA Solar Holdings Co Ltd will slow spending and cut output as the industry grapples with falling solar prices and subsidy cuts, the company's chief executive said on Tuesday.
The solar industry has suffered through a dismal 2011 as a glut of inventory sent prices of solar panels sharply lower, squeezing profit margins.
More cuts ahead for UK solar as govt funds run out
LONDON, Nov 1 (Reuters) - British solar plant developers can expect to see government subsidies slashed even further than a proposed 50 percent cut, because tariffs still are likely to eat up the 860 million pound ($1.4 billion) renewable subsidies budget before its planned 2015 end-date.
This week's proposed cut in state aid was the second to hit solar plant installers, manufacturers and developers within 18 months of the support scheme's launch, but it is not likely to be the last.
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