S.A.G. Solarstrom has announced a significant increase in sales volume with a positive EBIT. The company closed the first quarter of 2012 with sales of €21.4 million (Q1 2011: €78.9 million) and an EBIT of -€2.8 million (Q1 2011: €5.1 million), claiming these results are in line with its schedule for 2012. The company states that in the previous year’s quarter, sales and EBIT had been influenced to a very great extent by the large-scale Serenissima project.
Amtech Systems’ Chinese subsidiary, Kingstone Semiconductor, will introduce its ion implant system at the SNEC Exhibition, in Shanghai this week. This ion implant system has been developed from the ground up to specifically serve the needs of the solar industry. Also at the SNEC Exhibition, Tempress Systems will introduce its new tube-type batch PECVD product.
The Alamosa Solar Generating plant is being called the world’s largest concentrating PV electric power generating facility and Cogentrix Energy advised that it has finally begun commercial operation. Located in San Luis Valley in Colorado, the 30MW site produces energy for customers of Xcel Energy’s subsidiary, Public Service Company of Colorado (PSCo).
Bloomberg is reporting that Conergy stock rose to its highest point since February following a report from the Financial Times Deutschland. The paper stated that the company was near ready to sell a 30% stake of Conergy to an undisclosed Chinese buyer. Bloomberg noted that company stocks rose as much as 16% to €0.57 per share.
The German Federal Council has determined that that the bill earlier adopted by the German Parliament for the reduction of solar subsidies will be going to a mediation committee, which will allow for the federal and state governments to negotiate finding a comprise. If the members do not find a resolution, the Federal Council has the ability to file an appeal against the bill, which could override Parliament’s decision with an absolute majority vote.
The University of Luxembourg’s Laboratory of Photovoltaics has received a sizable grant to develop technologies for more efficient and cheaper solar cells. The University is part of a consortium of 14 partners, known as the Scalenano project, which has been awarded €10 million by the European Union.
PV manufacturer PVA TePla AG has announced it has generated sales revenues of €31.0 million in the first quarter of 2012 (previous year: €23.1 million), its EBIT amounted to €2.9 million (previous year: €1.8 million).
According to the latest PV System Integrators report from IMS Research, a German company held onto the top spot for the second year running. The report also demonstrated how Chinese integrators made the biggest gains in 2011, with three companies appearing in the top 10.
Gestamp Renewable Industries, a division of Gonvarri Steel Industries, has established its presence in the South African Renewable Energy components market by signing new joint venture agreements between its Gestamp Wind Steel and Gestamp Solar Steel divisions and South African industrial partners.
GERO Solarpark GmbH’s 28MW solar power plant was inaugurated in Amsdorf, near Halle, Germany, with Saxony-Anhalt prime minister Dr Reiner Haseloff in attendance. The project is a joint venture set up by GETEC green energy AG and the ROMONTA group. Despite the €50 million investment being overshadowed by federal government plans to bring forward cuts to solar power subsidies, the companies have been able to realize the project in seven weeks after ground was broken on the site.
