Finlay Colville

Increasing panel efficiencies and power ratings represents a key deliverable from the PV industry today. These requirements are not simply long-term objectives for the industry as a whole: they are essential at the company level to differentiate leading suppliers within an overcrowded and highly competitive manufacturing environment. Efficiency enhancements typically require changes in manufacturing process flow and materials (raw and consumable) used in production. Ideally, the technologies that drive these changes will be those featured within a technology roadmap.

Not withstanding the tumultuous year for solar cell and thin-film manufacturers, the top-10 rankings for 2011 saw only a few changes in position from 12 months ago. Chinese and Taiwanese manufacturers maintained their prominence, securing 8 of the top-10 positions. But the number-one position in 2011 goes to First Solar, the only thin-film manufacturer on the list.

As leading CIGS manufacturers and equipment suppliers in Europe prepare for quarterly and half-year reporting during August, the impact of Veeco’s parting comments may force a closer examination of existing market-share adoption rates and business-unit operating margins. The company’s rationale for exiting the CIGS systems business was based on its assessment that “the timeframe and cost to commercialization [of CIGS tooling] are not acceptable,” coupled with “the lower-than-expected end-market acceptance for CIGS technology.” Rather than speculating whether Veeco’s prepared remarks will—or will not—have any tangible effect on investor confidence levels across the CIGS community as a whole, it is perhaps more prudent to revisit the fortunes of other PV equipment suppliers that have been championing CIGS in support of dedicated product portfolios offered to the market.

As PV manufacturers prepare for Q2’11 reporting, the need to understand accurate industrywide capacity levels has become essential. Currently, much of the industry is addressing the prospect of widespread production cutbacks to allow record module inventory levels to be worked through. While in contrast, some Tier 1 producers continue to operate at close to full capacity utilization.

In reporting Q1’11 results on May 13, 2011, Roth & Rau highlighted year-on-year revenue growth for group activities (including PV) of 69.1% - from €35.3 million in Q1’10 to €59.7 million in Q1’11. Indeed, analogous to other PV companies recently across the value and supply-chains, emphasis was placed on year-on-year comparisons, not on quarter-on-quarter changes from the preceding reporting period Q4’10...

Centrotherm Photovoltaics has released its Q1’11 results, highlighting strong year-on-year revenue and bookings performance compared to Q1’10. Revenues grew year on year by 64.2% to €189.3 million, while new orders increased by 187.8% to €224.3 million. However, a more appropriate comparison comes by looking at quarter-on-quarter trends - in particular how Centrotherm’s PV book-to-bill is tracking – and in understanding trends within the industry driving these metrics.

In reporting its fourth-quarter earnings, Applied Materials (AMAT) announced net sales within its Energy & Environmental Services (EES) segment (which includes PV tool revenues) of US$606 million. Accordingly, Solarbuzz equipment supplier analysis reveals that AMAT has just reached a significant landmark: the first equipment supplier to reach and exceed the US$1 billion barrier for PV-specific trended ttm tool revenues. Certainly, this achievement offers comfort to tool suppliers that the PV segment has grown to an appreciable level. However, while every other PV tool supplier would welcome reaching this milestone, AMAT’s road taken to the US$1 billion PV revenue mark has been far from incident free.

In contrast to the cloud of uncertainty prevailing over much of the thin-film equipment supply chain today, recent quarterly results within the c-Si segment from the likes of Centrotherm, Roth and Rau, Manz Automation, Applied Materials, and Amtech suggest sunny times lie ahead for these leading c-Si tool suppliers.