Your daily dose of Photovoltaic Technology Developments and Solar News

• Most Popular Articles

  • Top Stories 2008 – Power Generation – the good, the bad, and the efficiency
  • Acciona’s Portuguese PV plant may be big, but one of the numbers just doesn’t add up
  • Top Stories 2008 - Thin Film – orders, gigawatts and growth
  • Taiwan’s AU Optronics to enter thin film solar market
  • 1GW solar power plant planned in China

• Editor's Picks

  • Top stories 2008 – Materials – could UMG be the answer?
  • Massive 168% photovoltaic module overcapacity to cause pricing collapse in 2009
  • Solar Santa: Ohio doles out millions in development dollars to local PV companies
  • Recession, what recession? Cavalcade of solar PV, renewable investments total billions in a day
  • Total taps into Konarka with US$45 million investment & R&D pact

• Latest Videos

  • Canadian Solar VP Robert Patterson talks Umg Si product lines - 150MW-plus in 2009
  • Delivering gasses for rapid growth in the PV Industry - Linde Electronics
  • Secrets of turnkey PV Module lines with Spire CEO Roger Little
  • Large area thin-film modules approach scale manufacturing with Applied Materials and Signet Solar
  • A passion for solar change: Anton Milner, Q-Cells CEO - exclusive interview

Troubled Conergy AG, Germany’s largest integrated PV cell and module manufacturer, has announced after a board meeting that it would restructure the company with the loss of 500 jobs across its operations as it expects an operating loss for the year of €150 to €200 million. Projections of reaching €1.25 billion in sales have been revised downwards twice for 2007.

Conergy said it would discontinue its bioenergy and solar thermics businesses that also includes its heat pumps products with the view to sell the business, which concerns around 100 employees.

"The new Board of Management has decided on a significant repositioning, which will put Conergy back on track for success in the near future. Conergy will focus on its profitable activities, will be structured more efficiently and will make one-time writedowns and changes to its accounting policies, in order to put its accounting on a more conservative footing" said Dieter Ammer, the CEO of Conergy AG. "We believe that with these measures we have put the company on a strong footing for the coming years."

From January 2008, the company will be operated as three profit and loss divisions that include Components, Sales & Systems and Projects, which highlights a focus on PV manufacturing going forward.