Suniva revealed that its ARTisun Select series of solar cells are averaging 19% efficiency in plant-wide production. The new cell efficiencies are available to cell customers and have been incorporated into the company’s Optimus modules. Suniva additionally noted that it has refined the aesthetic specifications for the cells, including a narrower color band, which is said to have created a more cosmetically uniform module.
Eyelit has completed tallying its financial results for Q4 and the full year 2011. The company did not release specific numbers, but advised that it had completed a record high in Q4 revenue with new customer sales doubling in 2011, over numbers in 2010. Eyelit noted that 50% of its new customers are large multinational corporations with revenues topping US$1 billion.
Exosun advised that it had completed construction of its 3.8MW Porette de Nérone power plant, which has now entered the commissioning phase and is expected to produce its first kWh in May. The plant is outfitted with Exotrack HZ solar trackers and is expected, upon grid connection, to generate nearly 6,235MWh of electricity per year.
Solar Millennium’s week has started with a low as the company revealed that its US subsidiaries and investment filed for Chapter 11 bankruptcy. Furthermore, the company’s former CEO, Utz Claassen, is suing the company, and certain of its subsidiaries, for US$265 million, claiming harm by defamatory statements to the public and press after he retired in March 2010.
Phoenix Solar advised that it had recently amended its restructuring plan, including its business development plan for the next few years, due to cuts in FiTs for solar power in several of its key markets. Due to the changes, the financial negotiations have been put on hold and the moratorium that was agreed to with the syndicate banks and other bilateral lenders and guarantors, including trade credit insurers, was extended at the end of last month to allow financing negotiations to continue.
JinkoSolar Holding has opened new regional headquarters, for its Asia-based operations, in Singapore. The office will manage sales, logistics, financing, project development and customer service for the country. The company noted that with the opening of its new office in Singapore, it now has nine sales and marketing offices located on four continents.
AQT Solar advised that its Sunnyvale production facility had transitioned to a fully automated WIP management system, run by Sapphire Automation’s Emerald software platform. AQT noted that it had partnered with Sapphire in order to improve its equipment utilization and planning in order to ramp up its technology development and deployment cycles.
Bloomberg BusinessWeek has reported that R. Todd Neilson, a forensic accountant and former FBI special agent, has advised in a recent report filed with the US Bankruptcy Court in Wilmington, Delaware, that Solyndra communicated truthful information about its finances to the government before it claimed bankruptcy last year.
After announcing last October that it was halting polysilicon production at its German facility and cutting wafer jobs in the UK, it is perhaps no surprise that PV Crystalox Solar has posted some rather dreary numbers for 2011. Group revenue was €210.4 million, 17% lower than 2010, due to what the company stated was the effect of lower average selling prices. EBIT, before exceptional items, was €4.1 million, a 1.9% margin. The company did note that shipment volumes of 384MW were reached in 2011, compared to 378MW in 2010.
The Federal Network Agency recently confirmed earlier reports that in 2011, a 7.5GW capacity of solar was installed in Germany, amounting to nearly 238,000 units installed in total. Bavaria led the way with 1.75GW installed followed by Brandenburg with 1GW. The agency acknowledged that the regional shift was due to the expansion of open space systems.
