Much weaker than expected demand in Europe impacted PV inverter manufacturer, Satcon Technology’s first quarter financial results. Although Satcon posted record revenue of US$62 million for a first quarter accounting period, the revenue figure was below initial projections of US$65 million to US$70 million. Some shipments were postponed to later in the year by some of its customers due to an inventory build, executives noted in a conference call to discuss financial results. Net loss for the first quarter was US$2.1 million.
A major Asian solar cell manufacturer has placed an order for multiple hydrogen annealing furnaces from BTU International after the customer experienced a significant increase in absolute cell efficiency using the technology especially on Class B cells during an evaluation period.
Citing a slowdown in module sales and prising pressure in the first quarter of 2011, Evergreen Solar has declared that its near term liquidity has been negatively impacted, which could lead the company to find new sources of cash sooner than expected. The struggling String Ribbon module producer said shipments were only 18MW in the first quarter, down significantly from 47MW in the fourth quarter of 2010.
An existing customer based in Asia has placed a follow-on order worth CHF 70 million with Meyer Burger for wafer slicing equipment and wafer inspection tools. Delivery of the complete order is expected during 2011, according to the company.
A new report from IMS Research highlights that for the first time, all of the top 10PV inverter suppliers were European based, which was due to PV installations more than doubling in 2010, with the biggest growth in key European markets such as Germany and Italy. However, the top five gainers in market share in 2010 came from a mix of geographical locations, headed by Power-One, Siemens, Advanced Energy, Sungrow and Danfoss. The global PV inverter market grew 140% in 2010, according to the market research firm.
According to Taiwan-based thin-film PV module manufacturer NexPower, it is the first thin-film producers to receive carbon footprint verification under PAS 2050 and ISO/CD 14067-1 standards. NexPower’s multi-junction PV modules were verified by DNV (Det Norske Veritas) in February, 2011 taking approximately four-months for the verification, according to the company.
Heraeus Photovoltaic Business Unit, a developer of advanced front and back-side silver paste for crystalline solar cells has introduced the SOL200 Series for back-side tabbing conductors for mono- and multicrystalline silicon solar cell wafers. SOL200 has been claimed to demonstrate lower paste laydown while maintaining excellent solderability with both leaded and lead-free solders while maintaining high adhesion and high electrical performance.
Another day, another cell efficiency record as selective emitter technology from Schmid has been used to support a claimed new cell efficiency record by customer, Sunrise Global Solar of 19.2%. The cells were verified by the University of Konstanz and the Fraunhofer Institute for Solar Energy Systems.
Konica Minolta Sensing Americas has introduced the AK Series of new photovoltaic reference cells to the US market. The AK reference cells are used as a standard point of calibration to ensure consistent measurements of newly developed photovoltaic cells.
Continuing its PV equipment company consolidation attempts, Meyer Burger will acquire Roth & Rau in a friendly takeover. Meyer Burger said it had already acquired a total of 11.3% of the share capital of Roth & Rau AG from the founders and key shareholders. Meyer Burger is offering bearer shares in Roth & Rau at €22 per share in cash, a premium of around 41% compared with the volume-weighted average share price of the past three months. The total deal is worth approximately €356.6 million.
