With any emerging technology it is to be expected that there will be both winners and losers. According to a new report from Lux Research, few of the CIGS (copper indium gallium diselenide) thin-film manufacturers stand out, while others will find partners or wither away. According to the market research firm, 2011 was a breakout year for CIGS module shipments and installations, generating 1.2GW of demand. Lux is forecasting the CIGS market to reach 2.3GW in 2015, generating US$2.35 billion in revenue.
Financially challenged Q-Cells said it will restructure its finances in 2 key steps to avoid payment defaults to bondholders. The company confirmed 2011 revenue forecast of around €1 billion but said total losses for the year had yet to be concluded. Q-Cells guided a further decline in revenue in 2012 to approximately €865 million. A return to profitability was not expected until 2014, though this would only occur should all three outstanding convertible bond renegotiations prove successful.
Deutsche Bank’s 50-floor, 745-foot-tall skyscraper at 60 Wall Street, Manhattan, New York now features a 122.4kW solar system. Though claimed to be tallest PV system installed in the world to date, several installations in the Alps from the last few years lay a similar claim, including ‘Mountain Crystal,’ designed and built by the Swiss Federal Technical University in Zurich (ETH), which is located 2,883m above sea level.
Harnessing its R&D into both c-Si and a-Si thin-film technologies, Moser Baer Solar said that it would upgrade its solar cell processes using metal and intrinsic layer semiconductor technology (MIST) to achieve average cell conversion efficiencies of 21% and join the few cell producers at the top table above 20%.
Munich Re has launched a new insurance product that insures against the risk of PV manufacturers' insolvency. It covers the risk borne by commercial and utility-scale PV power plant operators that solar module output may, in the course of time, fall below the level guaranteed by a manufacturer which can no longer be held liable under its warranties due to insolvency.
UK-based organic thin film start-up, Eight19 has installed roll-to-roll printing equipment at its Cambridge, UK headquarters as a preliminary move towards volume production, as reported by PV-Tech’s sister-site, Solar Power Portal UK. Thought to be the largest of its kind in Europe, the bespoke facility includes a multi-station roll-to-roll fabrication machine which is designed to manufacture solar substrates. Eight19 expects to have the first of its commercial printed plastic solar modules available in 2013.
Having bucked plans to aggressively pursue potential new markets in the Middle-East, Phoenix Solar has found the eastern-edge of Europe as a better bet, signing an exclusive partnership with Turkey’s leading installer, iRES Enerji.
Struggling Dutch module manufacturer, Solland Solar said it was forced to drastically reduce its remaining operations after the successful sale of its solar cell production facility, due to tough market conditions. Both its commercial and module assembly operations are being curtailed, without providing details, affecting approximately 100 employees.
MEMC has been forced to lower fourth quarter revenue guidance, just over a month after revisions were made as the company announced a major restructuring effort due to lower than expected PV project interconnections carried out by project developer subsidiary, SunEdison. MEMC revised revenue to be in the range of US$698 million to US$733 million, compared to December, 2011 guidance of between US$789 million to US$861 million.
Verified by the Fraunhofer Institute for Solar Energy Systems ISE, Q-Cells said it had set new conversion efficiency records for multicrystalline and quasi-mono solar modules. A module with 60 multicrystalline solar cells, using its ‘Q.ANTUM’ cell concept was reported to have achieved 18.5% efficiency, up from a record Q-Cells claimed it had achieved of 18.1% last year. The market introduction of the Q.ANTUM solar cells and modules is planned for 2012 with pilot production at its advanced facility in Thalheim, Germany already underway.
