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Heritage Global Partners has announced an online auction from June 5 -7 for solar and cell manufacturing equipment. OEM, NPC, Centrotherm, RENA, Komax and Rofin are just some of the companies whose equipment will be auctioned off. The sale is conducted on behalf of SilexSolar, an Australian PV panel manufacturer, who recently suspended production at its Sydney manufacture. The sale begins at 7:00am PST on June 5 and ends at 7:00pm PST on June 7. A preview is held on June 4 from 9:00am to 4:00pm in Sydney.
S.A.G. Solarstrom has announced a significant increase in sales volume with a positive EBIT. The company closed the first quarter of 2012 with sales of €21.4 million (Q1 2011: €78.9 million) and an EBIT of -€2.8 million (Q1 2011: €5.1 million), claiming these results are in line with its schedule for 2012. The company states that in the previous year’s quarter, sales and EBIT had been influenced to a very great extent by the large-scale Serenissima project.
ReneSola’s first quarter 2012 results have surpassed the company’s previous expectations with revenues finalized at US$211.5 million and combined solar wafer and module shipments reaching 466MW. The increased revenue shows a 12.7% increase from US$187.7 million in Q4, 2011, while shipments were up 37.1% from 339.9MW in Q4 2011.
Bloomberg is reporting that Conergy stock rose to its highest point since February following a report from the Financial Times Deutschland. The paper stated that the company was near ready to sell a 30% stake of Conergy to an undisclosed Chinese buyer. Bloomberg noted that company stocks rose as much as 16% to €0.57 per share.
PV manufacturer PVA TePla AG has announced it has generated sales revenues of €31.0 million in the first quarter of 2012 (previous year: €23.1 million), its EBIT amounted to €2.9 million (previous year: €1.8 million).
SMA Solar Technology boasts a positive start to fiscal year 2012. In the first quarter, the company states it sold solar inverters with a total output of 1.9GW (Q1 2011: 1.0 GW), with sales amounting to €405 million. This exceeded both SMA’s own guidance of €350 million to €390 million and the result for the same period in the previous year (Q1 2011: €255.9 million).
In the first three months of 2012, SolarWorld AG has announced it increased its shipments of solar power modules and complete kits in the trade segment. On the German market in particular, the demand for solar modules and system solutions rose due to the unexpectedly early and significant cuts in subsidies. On a group-wide level, trade shipments increased by 48% to 146MW (Q1 2011: 99MW).
As has been the theme throughout 4Q’11 and 1Q’12 quarterly results, it would appear that not even the ‘major’ manufacturers and suppliers in the PV industry are exempt from revenue and shipment woes. Canadian Solar has reported a drop of over 21% in module shipments, logging 343MW in 1Q’12 compared to 436MW in 4Q’11. However, second-quarter shipment guidance is in the range of between 430MW and 450MW.
Having made a few leaps in the last six months alone with a TÜV safety certification in September, announced the production of its first 100MW thin-film modules and partnering with altPOWER for future US-based BIPV projects, executive management of Soltecture have applied to open insolvency proceedings. Having extensively explored new financing options, including rebranding and restructuring initiatives towards the end of last year, the company has stated it saw no other viable option for averting the company’s impending insolvency at the present time.
Westinghouse Solar and CBD Energy are hoping that the definitive merger agreement both companies signed this week will be completed by Q3 2012. Approvals from both companies’ board of directors have been received. Limited closing conditions and approval by both companies’ shareholders need to be finalized in order to complete the deal.
