Enphase hasn’t cornered all of the new wave of solar modules integrated with a microinverter for the US market. PV module manufacturer, SunPower has launched its E18 & E19 AC Solar Panel series using SolarBridge’s ‘Pantheon’ microinverter. The all-black, E18/225 watt AC solar panel and the maximum-efficiency E19/240 watt AC solar panel will be available in the U.S. in early 2012. The AC panels feature SunPower's 22.4% efficient ‘Maxeon’ cell technology.
Pacific Gas and Electric (PG&E) has been increasingly active in announcing planned PV projects as part of its utility-owned generation (UOG) program. In July this year, PG&E chose the three project developers charged with installing its 50MW Californian solar portfolio, which included; Recurrent Energy, Fotowatio Renewable Ventures and Westlands Solar Farms; that would be built in Kings County (20MW), Kern County (12MW) and Fresno County (18MW) respectively.
Other than module mountings nuts and bolts, microinverters and power inverters are one of the smallest components that could be used in a PV system installation. However, the market for these microelectronics-dependent little marvels experienced 500% growth in 2010, according to a recent IMS Research report and they continue to punch above their weight.
Only a few weeks before releasing third-quarter 2011 financial results on October 27, 2011, inverter supplier, Power-One has reduced guidance for the quarter. Power-One expects revenue to be in the range of US$240-US$245 million, down from previous guidance of US$265 million-US$280 million. The company cited weaker than expected demand for lower revenue expectation. Sales in the second-quarter were US$180 million.
Inventory writedowns and a weaker-than-expected recovery in demand for PV installations, specifically in Germany, are behind revised financial guidance by Phoenix Solar. The project developer warned of significant losses for the fiscal year 2011 and said it would be looking at its current business model in an effort to make changes and reduce costs to return to profitability in 2012.
JinkoSolar has restarted solar cell production at its plant in Haining, China, after receiving approval by the local Haining government and an appointed panel of experts that remediation work after a fluoride chemical leak satisfied environmental requirements. Clearance by the ‘Experts Committee’ was issued to JinkSolar on October 9, according to the company.
Yingli Green Energy has upgraded existing warranties for both its mono and multicrystalline products as well as introduced a linear-based extended warranty that guarantees power output for each year of a 25-year warranty period. In addition, its limited product warranty has been increased from 5 to 10-years for all of its PV module products and is now inline with the majority of mainstream module manufacturers. The new warranties are valid for PV modules shipped from its plants from October 1st, 2011.
Three months ahead of schedule, Wacker Chemie has started ramping its new polysilicon plant in Nünchritz, Germany. The €900 million investment which includes debottlenecking strategies to boost output to 15,000MT per annum has created 500 new jobs at the plant. Full nominal capacity is expected to be operational in the second quarter of 2012.
Venture capital to the tune of US$350 million in 33 deals was handed out to solar-based firms in the third quarter of 2011, according to the latest roundup by Cleantech Group. Also of note was a reported US$812 million raised four China-based solar cell/module manufacturers via IPOs.
No surprises after announcing it was entering into Chapter 11 bankruptcy in the US, Evergreen Solar has been officially delisted from Nasdaq. Evergreen Solar stock was suspended from the exchange on August 24, 2011 and has not traded on NASDAQ since that time.
