A 2006 long-term wafer supply deal between Suntech and MEMC has been ‘mutually terminated' at a cost to Suntech of approximately US$212 million. Suntech said that the decision to cancel the wafer supply deal was due to ‘rapid changes in the market for silicon wafers.’ Suntech also announced that it was stopping investment in CSG Solar's research and development operations, which focused on crystalline silicon thin-film technology. MEMC remains a wafer supplier to Suntech under other supply agreements.
Just one small euro million below the half-billion euro mark was reported by Fronius for revenue in 2010. The Austrian inverter manufacturer grew sales by 52%, compared with the previous year. Although sales in the PV inverter segment were not given separately, 2010 was characterised as a record year for inverter sales by market research firms.
With a meeting schedule to rival ours at Intersolar Europe, 2011 PV-Tech grabbed Commerzbank analyst, Ben Lynch off the show floor to get his insight on current market dynamics and component pricing trends within the PV industry.
Rapidly declining PV module prices are set to fuel a strong recovery in module shipments in the second half of the year, according to the latest analysis from IMS Research. The bullish report is guiding sequential shipment growth of an average of 30% in the third and fourth quarter with full-year shipments forecasted to reach over 23GW.
TNO spin-off company, SoLayTec has sold the first four of its Al2O3 ultrafast ALD (atomic layer deposition) Process Development Tools (PDT) to separate customers that include imec, Fraunhofer ISE and two unidentified Asia-based solar cell manufacturers. SoLayTec said that the tools would be installed in the third and fourth quarter of 2011.
A major reshuffling of executive positions has been made at Hanwha SolarOne, which said the move was designed to strengthen the management team as it continued to build-out the company to become a major player within the solar industry. Stepping aside is Dr. Peter Xie, CEO and Gareth Kung, CFO, both former Solarfun executives, who are being replaced by Hanwha Group executives, Ki-Joon Hong and Jung Pyo Seo, respectively. Hong is currently the chairman of the Board of SolarOne and CEO of Hanwha Chemical Corporation, which acquired a majority stake in the former Solarfun.
Reporting to REC’s EVP, John Andersen, former LG Electronics manager, Luc Graré has been appointed the firms new senior vice president, sales and marketing, cells & modules. Graré will be tasked with strengthening REC’s sales and marketing activities, and will join REC on July 1st.
Cited as one of its largest single investments in manufacturing facilities in the long history of the company, Bosch is planning to invest over €520 million in a new fully-integrated solar module manufacturing plant in Batu Kawan, Penang, Malaysia. Construction is expected to start by the end of 2011 with production scheduled to have begun by the end of 2013. When fully ramped in 2014, capacity is expected to reach a combined 640MW. The company noted that it still expects sales to pass the €1 billion level this year.
Power-One has introduced its new AURORA ULTRA-1400 central inverter with an output power of up to 1.4MW. The central inverter is liquid-cooled and the largest product in the Power-One RE offering and has been designed for large commercial and utility-grade installations.
The world’s largest exhibition for the solar industry, Intersolar Europe, drew to a close on June 10, boasting record exhibitor and visitor numbers. Around 77,000 visitors and 2,280 exhibitors attended the exhibition from 156 countries. A snap-shot of visitor and exhibitor feed-back is highlighted in this introduction video from PV-Tech, to this year’s event.
