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Seriously struggling ‘development stage’ CIGS thin-film firm, DayStar Technologies has conducted its second reverse stock split since trading on the NASDAQ since 2007. The 1-for-7 reverse stock split of its common stock is designed to bolster its share value. DayStar had previously undertaken a reverse stock split in 2010.
Big funding deals maybe a thing of the past but overall VC funding deals remain at record levels, according to the latest quarterly report of solar VC funding activity by Mercom Capital Group. Citing a slow start to 2012, VC funding in the first quarter of 2012 reached only US$329 million the lowest dollar amount recorded since Q4 2010. However, 34 deals were reported, suggesting VC’s are taking a lower risk approach to the sector, according to the report authors.
Expected to begin volume production of its flexible CIGS thin-film substrates later this year, SoloPower has installed Critical Manufacturing’s Manufacturing Execution System (MES) software at its production plant in Oregon. The MES provider also installed the cmNavigo MES Productivity Suite at the 400MW nameplate capacity plant.
Ascent Solar has announced that TFG Radiant Investment Group has brought all of the Ascent common stock from shareholder Norsk Hydro Produksjon AS. The acquisition takes TFG Radiant’s ownership of outstanding common shares from 19.4% to 39%, making it Ascent Solar’s largest shareholder. The shares were purchased for approximately US$0.50 per share.
Air Products has completed and brought onstream its hydrogen selenide (H2Se) facility expansion at its electronic specialty materials manufacturing facility in Hometown, PA, USA. The newly expanded high-purity H2Se facility will serve the growing demand from the CIGS market for the compound, which is provided by Air Products to semiconductor and PV customers at more than 99.99% purity levels.
Japan’s new feed-in tariff, implementation is anticipated to be July, is set to generate highly attractive returns, according to clean energy market research provider, Bloomberg Energy Finance. As long as the proposed scheme is able to off-set the expensive price of solar, it could lead to a surge in project proposals.
Manz has published figures from its 2011 financial results report, showing a healthy level of sales, revenues and business was booked by the company last year. In particular, the company secured new orders in the FPD and Li-Ion segments totalling in the region of €40 million, contributing to an overall 2011 revenue tally of €240.5 million – up from its autumn forecast of €220–230 million. Manz’s order backlog now stands at over €104 million.
MiaSolé has expanded its operations throughout Europe, the Middle East and Africa, with the addition of Michael Povlin as director of sales and marketing.
Unsatisfied with criticising US President Barack Obama’s handling of the Solyndra saga, the Republicans have moved on to Obama’s energy loan program ahead of the elections this year, reports Bloomberg. The US Oversight and Investigations Committee released emails bringing to light the Republicans’ rebuttal of the US$1.6 billion offered to Arizona-based First Solar as unjustified on the grounds of its two projects being unimaginative and indistinguishable from each other.
Sunlogics Power, a subsidiary of the Salamon Group, is now the senior creditor of the collapsed DayStar Technologies, a company developing thin-film CIGS deposition technology. Sunlogics is DayStar’s business development and strategic opportunities consultant and will continue to advise in this function.
