Ubbink East Africa, Centrotec Sustainable's Dutch subsidiary, has opened East Africa's first PV module factory in Naivasha, Kenya. Ubbink plans to produce around 30,000 modules a year, with the majority of these being used to cater for the growing number of small-scale systems in Africa.
Avancis PowerMax copper indium selenide (CIS) thin-film PV modules have been certified for higher reimbursement entitlements in Italy. Because the panels are made in Germany, Italian system operators who purchase the products can be eligible for a 10% higher feed-in rate that will apply for 20 years.
Previously delayed 10MW Helios ITA-3 PV solar power project in Puglia, Italy, built by ABB for independent solar power producer, Etrion has been completed ahead of its revised schedule, according to the company. A syndicate of banks, including Natixis, WestLB and Mediocreval, provided 80% of the financing for the project with an 18-year, non-recourse loan.
Akuo Solar, a subsidiary of French independent power producer Akuo Energy, will use 75,000 SunPower E19 modules for two PV power plants in the Provence-Alps-Cotes d'Azur region in the south of France. Construction of the PV power plant has already started and is scheduled to be completed by the end of the year.
Hanwha Group has signed an exclusive partnership with Hamburger SV. Under the terms of the two-year exclusive partnership, Hanwha will carry out a wide range of advertising campaigns in Hamburg’s Imtech Arena and was also granted naming rights for the club’s pre-season tournament, the Hanwha Solar Cup.
According to The Hindu Business Line, the role of chairman for India’s National Solar Energy Company is to be filled by Dr Anil Kakodkar, former chairman of the Atomic Energy Commission.
Schott Solar advised that it had achieved 20.2% efficiency on its monocrystalline screen-printed solar PV cell; a feat that was confirmed by the Fraunhofer Institute for Solar Energy Systems (ISE). The 4.92W cell uses an industrial sized 156mm x 156mm wafer, which led Schott to maintain that this is the first PV cell of its size to reach this efficiency.
Applied Materials (AMAT) posted a solid financial outcome upon the release of its third quarter 2011 results. Although the company noted that its overall Q3 orders and net sales were down 25% and 3%, respectively, compared to Q2 2011, AMAT still completed the quarter with US$2.39 billion in generated orders and saw its net sales reach the upper end of its previous guidance at US$2.79 billion. Non-GAAP operating income was US$683 million, with a non-GAAP net income of US$467 million, or US$0.35 per share.
Five of First Solar’s senior executives, using personal funds, purchased a combined total of 5,500 shares of the company stock during one of four annual open trading windows for the company’s directors and Section 16 officers. The purchases have been reported to the Securities and Exchange Commission in Form 4 filings where appropriate.
