Spire has reported its revenues from its first quarter 2011, posting revenue for Q1 at US$18.4 million. The result is 2% below Q1 2010, which reported revenue of US$18.9 million. Net loss for Q1 2011, was US$2 million, or US$0.24 per share, contrasted against Q1 2010’s US$0.7 million, or US$0.08 per share.
Energy Conversion Devices (ECD) is looking to put its third fiscal quarter of 2011 and its rather dreary financial results behind it. The company has decided upon a strategic corporate restructuring process that it hopes will lead it to better future financial results. The company saw its consolidated revenue slide 69% from Q2 2011 and 70% from its Q3 2010 results by only posting US$21.5 million in Q3 2011, pinpointing “industry-wide disruptions” in key European solar markets as the leading factor in its final Q3 revenue.
JA Solar Holdings’ financial results for its first quarter 2011 have revealed a profitable quarter that even surpassed some Wall Street analysts’ expectations. The company posted total revenue for the quarter of US$556.4 million, which, although shows a 5.5% sequential decrease from 2010’s fourth quarter results of US$588.9 million, still comes in 91.2% higher in a year-over-year comparison with 2010’s first quarter US$290.9 million result.
Innotech Solar has signed a US$8.18 million (NOK 45 million) deal to provide 4.3MWp of its PV modules and engineering services to an undisclosed Spanish customer. The PV modules will be part of a roof mounted solar project near Grenada, Spain and use over 20,000 of Innotech’s PV modules. Delivery is scheduled to begin this month and conclude in September. The Spanish PV plant has an estimated 6GWh of electricity output per year.
The Cincinnati Zoo & Botanical Garden is home to a new 1.56MW parking lot canopy solar system, which uses 6,400 solar panels from SolarWorld. The fifteen solar arrays cover 800 of the 1,000 parking spaces in the zoo’s primary parking lot and are expected to deliver 20% of the zoo’s power needs. The four-acre solar installation was developed, engineered and installed by Melink.
Daqo New Energy’s first quarter 2011 financials show the company increasing their revenues, income and polysilicon shipments over 2010’s fourth quarter results, but the company still holds a conservative outlook for its second quarter 2011. Revenues for Q1 amounted to US$87.3 million, a 6.6% increase over Q4 2010. The company acknowledges that its revenue growth can be credited to an escalation in its polysilicon sales, which amounted to 1,089MT during Q1.
SolarBridge Technologies’ plans to increase the production capacity to over 70MW for its Pantheon microinverter have reached a promising new level with the beginning of the microinverter’s volume production at Celestica’s facility in Dongguan, China. SolarBridge further reveled that it has opened an office in Shenzen, China to support manufacturing and operations with a staff that specializes in manufacturing, test engineering and logistics.
Photowatt Ontario has entered an agreement, which will see it supply 24MW of its solar PV modules to a global supplier of solar power serving the Ontario solar market. Photowatt Ontario did not disclose the name of its customer, or the financial details of the supply deal, but did advise that the supply agreement is a two-year commitment between the two companies.
Applied Energy Technologies (AET) is further developing its solar-mounting solutions production with the opening of its new 43,100 square foot manufacturing and warehouse facility in Maumee, Ohio. The new facility includes a 41,600 square foot manufacturing and warehouse space, along with 1,500 square feet of office space and triples AET’s US production capacity.
3S Photovoltaics, a division of Meyer Burger Technology, Sputnik Engineering and BE Netz have partnered for the development of Switzerland’s Umwelt Arena. Located in the town of Spreitenbach, near Zurich, the building integrated photovoltaic (BIPV) project covers over 57,048 square feet of the arena’s rooftop and holds the possibility of generating 540,000kWh of solar energy every year.
