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Swiss-based VHF-Technologies, better known under its product branding as Flexcell has stopped production of its flexible thin-film products and reduced its headcount to around 50. The move is designed to preserve cash, after being thrown a financial lifeline by Capricorn Capital to the tune of CHF8.5 million (US$8.9 million).
Swiss silicon thin-film firm, Pramac has been forced to file for insolvency after shareholders rejected management proposals over restructuring the company after posting losses (net) of over €94 million in 2011. The diversified firm had been a customer of Oerlikon Solar since 2008. Pramac had a 30MW end-to-end turnkey line using Oerlikon’s ‘Micromorph’ technology.
The former BP Solar module assembly plant, originally closed in 2009 but resurrected by Silex Systems to provide modules in the Australian market has also closed the facility. The company said that it couldn’t operate the facility on a profitable basis as market demand in Australia had waned.
Indium has acquired a new manufacturing facility, located in Rome, NY, USA. The plant is currently being outfitted to expand production capacities of the company’s range of compounds, including indium-, gallium-, germanium-, and tin-based materials.
A new 44MWp module assembly plant in the De Vernejoul industrial park in Porcelette, Eastern France will assemble SunPower’s Maxeon solar cells into modules to meet demand in France, Italy, Germany and Belgium. Total and SunPower said that its 3,300-square-metre plant is equipped to produce approximately 150,000 high efficiency (20% conversion efficiency) modules per year. This is the first such plant SunPower will operate in Europe, having the majority of its production in the Asia-Pacific region.
Hoku Corporation released a statement advising of the current state of the company, which included a confirmation that it had stopped all construction activity for its Hoku Materials polysilicon production site, which is not yet in commercial operation. As of March 31, the company estimates that it had nearly US$7.7 million in cash and US$278.8 million in liabilities, including US$74.4 million in accounts payable at Hoku Materials.
eSolar and Sanmina-SCI advised that they had entered a partnership that will combine the companies’ proficiency in solar thermal energy solutions, local content-optimized component design and manufacturing for utility-scale power plants. Sanmina-SCI noted that it plans to work with eSolar to enhance the company’s solar collector system product offering, which is currently being used in operating CSP facilities.
First generation PV thin-film adopters are falling like flies as Berlin-based Inventux files for bankruptcy. Inventux was a customer of Oerlikon Solar and an early adopter of its micromorph silicon turnkey technology. A temporary insolvency administrator has been appointed by the local court in Berlin-Charlottenburg, which is understood to be looking for new investors and secure some of the 200 jobs at risk at the company.
Endemic overcapacity and continued price declines towards manufacturing cost levels within the polysilicon sector have forced Korea’s largest poly producer to delay previously announced plans to build further plants. OCI is estimated to have reached an annual capacity of 42,000MT at the end of 2011 and had plans to reach 62,000MT with contributions from its 20,000MT P4 plant and a 24,000MT P5 plant that was revealed in April 2011, with the project expected to be operational at the end of 2013.
First Solar has announced plans to open an office in the United Arab Emirates, according to Bloomberg reports, in order to meet the demand for solar energy in the Middle East. The company is currently negotiating with potential partners about contracts and a possible production plant in the UAE, as First Solar’s technical development manager Karim Asali commented.
