Updated: A severe cost-cutting exercise and manufacturing realignment is underway at First Solar as it plans to axe around 30% of its workforce, permanently close its German manufacturing operations and idle four lines at its facilities in Malaysia. Management blamed the move on the market conditions in Europe and the rapidly changing market demand dynamics within the industry for the restructuring.
The European Photonics Industry Consortium (EPIC) has announced that Carlos Lee will become its new director general with immediate effect. The announcement, made at the association’s recent annual general meeting, will see Lee replace Thomas Pearsall, who has been with the organization since its formulation in 2003.
Founder and Chairman of the Radiant Group, Winston Xu Biao is the newest member of Ascent Solar Technologies’ board of directors. Xu will help the company oversee new market opportunities, as well as its re-entrance into the BIPV and BAPV markets, which it delayed in March 2011.
The National Renewable Energy Laboratory (NREL), the University of Florida and Lawrence Berkeley National Laboratory (LBNL) will lead the consortia that will form the US-India Joint Clean Energy Research and Development Center (JCERDC), funded by the Department of Energy (DOE) with US$125 million. The US institutions are teaming up with three Indian institutions: the Indian Institute of Science-Bangalore, the Indian Institute of Chemical Technology-Hyderabad and the CEPT University-Ahmedabad.
Pacific Gas and Electric (PG&E), San Diego Gas and Electric (SDG&E) and Southern California Edison need to explain their methods in calculating the quantity of net-metered energy to the grid, the Californian Public Utilities Commission (CPUC) has announced.
Subsequent to the announcement last week of Los Angeles’ approval of a feed-in tariff, Mayor Antonio Villaraigosa has signed an ordinance authorizing the city’s Department of Water and Power to now establish a pilot program. Approval of the program by the Board of Water and Power Commissioners has been scheduled for April 17.
Despite our reports in March and earlier this month, the Brazilian Secretary of Energy Planning and Development of the Ministry of Mines and Energy, Altino Ventura Filho, has announced that solar energy will not form part of auctions in order to augment generation of solar power.
Heliotrop’s HCPV1024 consortium was recently awarded €16 million by the French Environment and Energy Management Agency (ADEME), which will support a total investment program of €44 million to build manufacturing facilities and install Heliotrop CPV modules.
Following the retirement of José Villarreal, a member of the board since 2007, First Solar has taken the opportunity to expand its board membership from nine to 11 members. The company has nominated George “Chip” Hambro, former First Solar COO, and Richard “Rick” Chapman, CFO of Walton Enterprises, Inc., to stand for election at its annual stockholder meeting on May 23, the latter as an independent director.
