Solon advised that it had recently finalized an exclusive worldwide licensing deal with Andersen for the use of its Fibrex material in the PV marketplace. The Fibrex vinyl technology is said to be highly durable, stiff, moisture and heat resistant, non-conductive and provides thermal insulating properties.
Effective as of October 12, Bruce Cousins has been appointed CEO and a board director of Carmanah Technologies, specialists in self-contained solar LED lighting and solar power solutions. Cousins replaces Ted Lattimore, CEO since 2007, who announced his resignation in May this year.
AEG Power Solutions has inaugurated its new 400MW PV manufacturing factory in Bangalore, India. Initially, the 80,000-square-foot site, which employs 150 people, will produce AEG’s PV250 and PV500 series inverters, although plans are already underway to ramp up capacity to include uninterruptible power supplies.
Five awards were given to recognize the partners REC during the Global Partner Summit in Italy.
Luc Graré, Senior VP of sales and marketing cells and modules at REC Solar, said, “We are very excited to recognize the strong commitment of our partners who have made a significant contribution to our sales and marketing activities over the last year".
SunEdison will double the size of its project pipeline by building 51 new PV systems in Thailand. Independent US Government agency Overseas Private Investment Corporation is contributing US$250 million towards the plaqnned portfolio, which will have a combined capacity of 520MW
SunEdison has secured a US$300 million credit facility from Deutsche Bank Securities and Rabobank to help fund its planned North American portfolio of utility and rooftop PV systems. The three-year non-recourse credit facility is one of the largest ever issued for solar projects.
Camp Perry Ohio National Guard Base in Port Clinton, Ohio is home to 2,750 of Nanosolar’s utility panels, which are helping to power the recently completed 538kW solar installation. Ramanoff Electric managed the engineering, procurement and construction of the project.
According to a new study by IMS Research, PV component profits are expected to fall by 70% year-on-year in Q4 2011. Furthermore, an examination of the polysilicon, wafer, cell, module and inverter industries led the research organization to conclude that the continuation of dropping prices in 2011 will cause gross margins for the whole PV industry to drop 17% to 12.4% in Q4.
Centrosolar will present a new, flat roof mounting system for PV modules at Solar Power UK 2011. The Ceniq system enables PV systems to be installed on flat foil roofs at an angle of up to three degrees, without damaging the roof cladding in the process.
Only a few weeks before releasing third-quarter 2011 financial results on October 27, 2011, inverter supplier, Power-One has reduced guidance for the quarter. Power-One expects revenue to be in the range of US$240-US$245 million, down from previous guidance of US$265 million-US$280 million. The company cited weaker than expected demand for lower revenue expectation. Sales in the second-quarter were US$180 million.
