Having cited weaker-than-expected financial results for the first quarter of 2011, due in part to the halt in PV installations in the key Italian market, Trina Solar has revised its second-quarter guidance, which points to the demand issues in Italy for the company's lower sales expectations.
China's first BIPV fire station was put into service in Baoding, Hebei, on July 29, featuring a 250kW, 2650 m2 solar façade. With an annual generating capacity of 300MWh the system is expected to reduce 312 tons of carbon emissions each year.
Meyer Burger Technology has received antitrust clearance from the Ministry of Commerce of the People’s Republic of China, concerning the acquisition of equipment supplier, Roth & Rau. The settlement of the tender offer and the payment of the offer price are expected to take place on 9 August 2011.
LDK Solar has signed a contract to supply 58,803 modules for Advanced Solar Products’ new 14.1MW project in East Windsor, New Jersey. When completed, the system, which is located on the McGraw-Hill Companies’ campus, will be the largest privately-owned, net-metered PV project in the Western Hemisphere.
Despite reports that Solar Frontier’s 900MW, CIS thin film production plant in Miyazaki, Japan has reached full capacity the company has said nothing of the sort. What Solar Frontier has said is that all production lines are now commercially operational having started its production ramp earlier this year. The Kunitomi Plant was said to be ‘on track to reach its targeted annual capacity of 900MW as average module output continues to increase, without giving a timeline. The Kunitomi Plant is said to be Japan’s largest solar module production facility, as well as the largest CIS factory in the world.
The ongoing wafer supply deal dispute between China Sunergy and REC Wafer entered a new phase with a Norwegian court ruling in favour of China Sunergy. REC Wafer is said to appeal the decision made by the Norwegian Court of Appeal.
Phoenix Solar has secured two new contracts of one MWp each in Tamil Nadu and Gujarat states, India. The projects were signed with Phoenix Solar Pte Ltd in Singapore, its Asia Pacific subsidiary. Both PV projects will use thin film technologies. Both projects are scheduled to be connected to the grid by 31 December, 2011.
German football club Bayer 04 Leverkusen has signed a three-year sponsorship contract with solar giants JinkoSolar. The deal provides Jinko with advertising space at the club’s BayArena and also grants it exclusive rights to install solar panels on the stadium itself.
Having undertaken a scan of the geographical map for PV demand, Jefferies analyst Jesse Pichel believes the long anticipated second-half year boom is proving elusive to see. In a research note to investors, the firm noted that demand improved in June, but July appears to have flatlined, despite increased factory utilization from major PV module suppliers. Pichel raised the alarm that inventory could be building again, after being consumed in the April-June timeframe.
The recently completed 10MW utility-scale solar project in Larissa, Greece, which is being hailed as the largest solar plant in the country, is sporting Yingli Green Energy Holding PV modules. The project was developed by Selected Energy, a subsidiary of Selected Textiles, and constructed by Biosar Energy. Financing for the 10MW project was provided on a long-term, non-recourse basis from the project finance team at Piraeus Bank.
