PV installations in Southeast Asia are expected to grow at 50% annually over the next five years, bringing cumulative installations close to 5GW by 2016, according to the latest report from market researcher IHS.
Utility-scale PV inverter specialist Advanced Energy Industries (AE) has reported record sales of US$60.7 million in Q3 2012, fuelled by growing demand from the North American large-scale commercial and utility markets.
Specialist equipment supplier, GT Advanced Technologies (GTAT) is claiming its new hydrochlorination solution for trichlorosilane (TCS) production used in fluid bed reactor (FBR) polysilicon production takes production costs below US$14/kg.
ReneSola has shipped 10MW of modules to German-based PV project developer, saferay for a new PV power plant being built in Schwarzheide in Brandenburg, Germany. Saferay is using ReneSola’s 245W and 250W multicrystalline solar modules for the project.
Major PV equipment supplier, centrotherm photovoltaics has submitted its reorganization plans to the insolvency court in Ulm, Germany. Although the company did not provide details on what those plans would be, the company said in a statement that it had now entered a critical phase in its insolvency proceedings that also need creditor approval. Both its subsidiaries, centrotherm thermal solutions and centrotherm SiTec have also filed plans with the court separately.
Major Korean PV module manufacturer, SolarPark Korea has had two 60 cell mono-crystalline and three multi-crystalline modules pass the Potential Induced Degradation (PID) test, conducted at Photovoltaic Institute Berlin (PI Berlin) and certified by TÜV-SUD.
Continuing to restructure the company in hope of surviving the solar shakeout, major PV equipment specialist centrotherm photovoltaics has made sweeping changes to its senior management with the notable fall of its enigmatic CTO, Dr. Peter Fath. Current CEO, Robert M. Hartung will also step down from his position, while Peter Augustin will become responsible for core solar cell and module business, amongst other management changes.
Weaker than expected demand in key markets of Germany, Italy and UK in the third quarter have led to aleo solar further lowering its revenue expectations for 2012. The module manufacturer had said at the beginning of August that it expected a "surge in sales" especially from the German market in the second-half of the year with stability restored after the feed-in tariff changes.
Overcapacity in the c-Si ingot/wafer supply chain has forced materials specialist, Cookson to close one of its two ingot crucible production plants in China, with immediate effect. The company had closed a similar plant in the Czech Republic in July 2012, which has supplied crucibles, primarily to the European market. Major European-based ingot/wafer producers such as PV Crystalox are down below 30% capacity utilization on the back of weak demand.
As part its senior management restructuring process, John Lefebvre, President of Suntech America has left the company, while E.L. “Mick” McDaniel, previously Vice President of Sales and Marketing for Suntech America, has assumed the newly introduced title of Managing Director for Suntech America. As with other recent changes, McDaniel will report directly to CEO David King.
