Tough market conditions for Hanwha SolarOne led to fourth quarter losses and sliding shipments and average selling prices, which were below in-house manufacturing costs. Although the company posted 2011 revenue above the US$1.0 billion level, the company reported a net loss of US$169.8 million. PV module shipments were 189.1MW, in the fourth quarter, a decrease of 5.9% from 200.9MW in prior quarter. Module shipments for 2011 reached 844.4MW, representing an increase of 5.8% from 797.9MW in 2010. Hanwha SolarOne guided 2012 shipments to be in the range of 1GW.
Solar Power Technologies (SPT) has announced that its Clarity solar monitoring system is ETL-certified and will be listed in the Intertek database of certified products, for use in the USA and Canada.
Updated: James Hughes, a previous long-term executive within the corporate structures of the infamous Enron, has been chosen by First Solar's chairman and interim CEO Mike Ahearn to lead its major business strategy change to focus on the unsubsidized emerging PV markets, such as Chile. Hughes has been appointed as chief commercial officer – a newly created role.
Solar IV, the first solar plant in Vineland, New Jersey, has been completed and begun commercial operation. Vineland Solar IV, developed on 38 acres in Delsea Drive by OCI Solar Power, contains more than 13,000 PV modules and the project generates a total of 3MW. The energy is sold to the Vineland Municipal Electric Utility and will power local homes and businesses.
Canadian Solar and Lightsource Renewable Energy have announced the completion of joint projects in the UK. Ground-mounted PV plants were built in Cornwall (Bodmin), Lincolnshire (Spalding) and Somerset (Taunton), with a combined capacity of 6.4MW.
Although the top-ranked companies might not come as a surprise to many, Lux Research’s top 10 module manufacturer rankings provides some interesting figures. The research firm’s Solar Supply Tracker has logged the top 10 module manufacturers by percentage of global module production, and sees First Solar in first place at 7% (2.001GW), Suntech in second at 6.5% (1.866GW) and Yingli Green in third at 5.5% (1.554GW).
AEG Power Solutions, part of parent company 3W Power, has updated its guidance for its financial performance for 2012. The company, which is currently the subject of a friendly takeover bid by Andrem Power, which is itself wholly owned by Nordic Capital Fund VII, expects its revenue to grow to between €430 and €460 million from €428 million in 2011. However, profitability margins are expected to fall as a result of economic factors.
The Guardian has reported Israel’s plans to demolish solar panels in Imneizil in Area C of the West Bank. The two €30,000 panels, constructed by Spanish NGO Seba in 2009, have been labelled “illegal” by Israeli authorities due to building work carried out without a permit.
Another day, another record, as new measurements made by NREL (National Renewable Energy Laboratory) have confirmed that flexible CIGS thin-film solar modules from SoloPower have produced an aperture area efficiency of 13.4%, a record for the flexible substrate-based technology. The modules were produced at SoloPower's 20MW pilot production plant in San Jose, California.
In keeping with its 20% increase in turnover for 2011 and to boost its international presence, DEGERenergie has recruited Florian Falk Naumann as county manager for Australia. DEGERenergie is expecting its MLD technology to flourish in the Australian climate under the government's “Clean Energy Future” scheme.
