In a move likely to expand the module manufacturer’s reach in Asian markets, Solaria Energía y Medio Ambiente has signed a cooperative agreement with Chengdu, China-based Dongfang Electric Corporation (DEC), and has secured a purchasing credit line worth US$30 million from DEC for the purchase of cells and project components.
According to news reports, US-based solar installation firm, SolarCity will not be able to complete and comply with documentation deadlines of September 30 to be considered for a US Department of Energy loan guarantee, previously announced.
Despite boardroom spats, technology deviation, and financial concerns, Solar Millennium said that Hannes Kuhn has resigned from company's supervisory board with immediate effect.
Former VP of sales and business development at SolarCity, John Lefebvre, has been appointed president of Suntech America, now responsible for boosting Suntech's market position throughout North and South America. The US is a key market for Suntech, and, as market leader in 2011, the company expects to benefit from the US market's doubling this year.
Overcapacity is continuing to take its toll on PV module prices, according to the latest ‘Solarbuzz Quarterly’ report. Factory gate prices are claimed to be down 33% year-on-year and will fall a further 18% in the fourth quarter of 2011. Solarbuzz warns that module inventory levels could reached almost 22GW by the end of next year if production is not cut drastically. The backdrop for the supply and demand imbalance is installation levels that are proving to be weaker than expected.
SunEdison’s 53.5MW multi-site solar PV project in New Mexico looks set for completion by the end of this year, and has been buoyed by the news that it has secured financing of over US$200 millions from financier Wells Fargo. MEMC subsidiary company SunEdison has now activated three of the five power plants that together make up the 53.5MW total, and the remaining two plants are scheduled for completion before year’s end.
CNPV Solar Power has added to its list of product certifications with the news that it has passed external, independent testing and certification for ammonia and salt mist corrosion resistance to the 2PFG and IEC 61701 standards. The company has already gained TÜV Rheinland certification for similar environmental conditions.
Damage limitation to JinkoSolar’s image and reputation kicked into gear during a hastily arranged telephone conference call to provide its side of the fluoride chemical waste leak at its cell manufacturing facility in Haining City, Zhejiang Province, China. The leak into a local small river sparked demonstrations and damage to offices and vehicles at the plant that had been picked-up by the international mainstream media.
Solar Millennium has claimed that its Kuraymat, Egypt solar-thermal power plant, in operation since June, has been surpassing field performance by 8%. The parabolic trough technology hybrid plant holds an overall 150MW electric capacity and in addition to solar energy, uses natural gas to allow for 24-hour operation.
Dunmore advised of its newly added capacity for the manufacturing of solar backsheets, which incorporate DuPont Photovoltaic Solutions’ Tedlar polyvinyl fluoride (PVF) film. The added capacity aims to give manufacturers a larger supply so that they can increase their production and diminish material inventory fluctuations across the industry.
