Thin film PV company Nanosolar said it has supplied close to 6MW of its CIGS utility panels for two installations in France and Oregon, as part of its partnership with EDF Energies Nouvelles and its US subsidiary, enXco.
Solarbuzz’s new European PV Markets Quarterly predicts that 2011’s fourth quarter will see a quarter-over-quarter rise of 22% in the EU PV market, but 2012 will still be a tough year to navigate. Solarbuzz noted that downstream companies would need to be able to manage a new pricing environment in the midst of flailing incentives and grid parity economics.
The US Department of Energy’s National Renewable Energy Laboratory (NREL) announced that Dr. Gregory Wilson had been appointed director of the National Center for Photovoltaics (NCPV) effective November 28. Wilson joins NCPV after serving 17 years at MEMC as a leader for its silicon research and PV development. He most recently acted as MEMC’s director for corporate business development and external technology development.
Continuous pressure on pricing as demand remains weak has further impacted PV product sales and profits at Sunways. Consolidated sales declined by €35.0 million to €23.3 million, compared to the same quarter a year ago when sales reached €58.3 million. Lower cell manufacturing utilization, inventory write-downs on falling ASPs meant Sunways reported losses € 6.3 million an a negative operating result (EBIT) of €11.8 million in the third quarter.
Reporting on its third-quarter financial results, Spire has revealed that it is responding to a 57% reduction in operating revenues by turning its efforts to bolstering its EPC integration activities. Revenue for the quarter reached US$8.9 million, less than half the US$20.6 million figure for the same quarter in 2010.
Indeotec has received the first order and down payment for its Octopus II plasma processing tool. Octopus II was first unveiled at PVSEC in Hamburg and is the successor to Indeotec’s popular Octopus I. The new tool measures 300mm x 400mm and is characterized by several PECVD, PVD, heating and customised chambers around a central unit.
Germany’s largest module manufacturer, SolarWorld reported weakening financial conditions in the third quarter. Shipments and revenue remained flat with the second quarter but margins declined as weak demand and declining prices impacted results. SolarWorld guided sales above €1 billion for the full-year but below €1.3 billion reported in 2010. Finished goods inventory levels have increased sequentially for 5 quarters, while total inventories reached close to €500 million.
The California Public Utilities Commission has approved five power purchase agreements between Soitec Solar Development and San Diego Gas and Electric. Individual project sizes have not yet been disclosed, although the combined total of the PPAs is 155MW.
The US Government-sponsored banks that have helped fund the takeoff of India’s fledgling solar industry may soon move to withdraw their support, according to an official at the Overseas Private Investment Corporation (OPIC).
