With its shift from cell producer to module producer virtually complete, China Sunergy produced first-quarter 2011 results in line with the fourth quarter of 2010, except in relation to higher inventory and falling module prices. Net income crashed 77.3% to US$3.5 million compared to the previous quarter net income of US$15.4 million. Revenue increased to US$165.7 million, a 58.9% increase year-on-year over Q1 2010 but a slight decrease of 2.3% over the fourth quarter of 2010.
BRE Global and TÜV Rheinland will be working together for access to the UK Microgeneration Certification Scheme (MCS) for PV system manufacturers under their newly executed memorandum of understanding (MOU). MCS, a UK-based program, certifies microgeneration technologies under vigorous criteria. Through the companies signed MOU, PV panel manufacturers who use TÜV Rheinland for testing and certification to apply for MCS approval through BRE Global. Ultimately, the MOU will see TÜV Rheinland oversee that testing and factory inspection, while BRE Global finalizes that quality review for the UK market.
GT Solar has shipped 1,000 DSS multicrystalline ingot growth furnaces in seven months having announced a new milestone of its 3,000th DSS system being shipped to customer, Gigastorage in Hsinchu, Taiwan. It was only in early November, 2010 that GT Solar announced it had reached a new milestone of its 2,000th DSS system shipment, then to another Taiwan-based PV producer, Green Energy Technology (GET).
The Japanese Government is contemplating making it compulsory for all new buildings to be fitted with solar panels by 2030, according to financial newspaper Nikkei. The proposed legislation illustrates Japan’s desire to promote the use of renewable energy and is expected to be unveiled at the upcoming G8 summit in Deauville, France.
Plans are in the works to develop and build a 20MW solar PV power plant on property surrounding the Maryland Correctional Institution outside of Hagerstown. The project would be the largest commercial solar facility in the state.
Micromorph thin-film module manufacturer, Inventux Technologies has boosted the yield of its modules by reducing edge stripping, which is said to provide a larger effective surface area. Other improvements were achieved with the use of white coloured reflector film, leading to positive performance tolerances of -0/+5 watts. Inventux advertises its X-Series modules as achieving 10% conversion efficiencies.
A common criticism of installing PV systems, large and small in Greece has been the bureaucratic red tape that had cased many projects to be delayed by several years, limiting the appeal of the country’s FiT and resulting in a standstill for most projects. According to BSW-Solar and PV LEGAL, concerted efforts to unwind the red tape, have had some significant success recently.
The stalled Italian PV market had a noticeable effect on Yingli Green's figures for the first quarter. Module shipments decreased by a low teen percentage from Q4 2010 with revenue reported for Q1 2011 at US$527.3 million, compared to US$616.1 million in Q4 2010. Gross profit was US$144.1 million, representing a gross margin of 27.3% and an operating margin of 16.5%. However, Yingli expects shipments to increase by more than 30% in Q2 and reiterated previous guidance of module shipments of between 1.7 and 1.75GW in 2011.
Petra Solar is expanding past North America by bring its SunWave Solar Energy Solution to international markets including the Pacific Rim, Europe and Middle East. Its SunWave technology will feature a new Smart Energy Module (SEM), specifically designed for international consumers to convert photovoltaic DC electricity into 230V AC power. Petra Solar’s system has been certified to international grid standards holding, CE, IEC62109, G83, AS/NZS3100 and AS4777 safety and electrical compliance certifications.
Centrosolar and mounting solutions provider Zep Solar have signed a license agreement that will see Centrosolar manufacture Zep compatible module at its Wismar, Germany plant. The signed agreement also calls for the distribution of Zep products throughout Europe by Centrosolar. The companies note that they have mutually modified Zep’s standard frame profile specifically for Centrosolar so that it conforms to European roof application requirements.
