Emcore and San'an Optoelectronics have signed a joint-venture deal for the development, manufacture, and distribution of concentrator photovoltaic (CPV) receivers, modules, and systems for terrestrial solar power applications in China. The JV, called Suncore Photovoltaics, will be owned 40% by Emcore and 60% by San'an, which is the largest producer of LED chips and epitaxial wafers in China and is also a leader in CPV manufacturing and deployment in the country.
Schott Solar has appointed Richard Gruber as executive vice president of sales and business development at Schott Solar CSP. Gruber will be responsible for leading sales and business development in the U.S.
SunPower has completed a 505kW solar power installation for Horizon Power, the government-owned utility providing power to remote and regional communities and resource operations in Western Australia. The project, which marks the largest solar tracking system installation in the country, will power the world's first high penetration, hybrid solar-diesel power station.
BTU International has announced its financial results for the second quarter ended July 4, 2010. Net sales for the period were US$18.0 million, up 4.9% compared to US$17.2 million in the preceding quarter, and up 66.8% compared to US$10.8 million for the same quarter in 2009.
SunEdison has signed on to finance, build, own, operate, monitor and maintain a total capacity of 1.5MW of PV solar energy systems, which will be hosted on the CanFirst Capital Management facilities. The Ontario Power Authority has agreed to purchase the energy produced under the terms of Ontario’s FIT program. CanFirst will benefit with lease revenue for the roof-top space they loan to SunEdison without any upfront capital equipment costs.
Intevac has reported strong financial results for the quarter and six months ended July 3, 2010. Total revenues for the second quarter were US$68.6 million, up 457% year-on-year and 107% quarter-on-quarter, while gross margin was 42.3% and operating margin 21.1%.
Hanwha Chemical is to purchase a 50% stake in Solarfun for a total of 434.1 billion won (US$371 million) in order to diversify revenue sources. The company will purchase 208.3 million shares, including new stock.
Testing at NREL’s Golden, Colorado, research facility has concluded for SolOptics Fusion PV enhancement technology. Fusion is an optics-based surface technology, which NREL concluded can deliver conversion efficiency gains between 10% and 12.5%, depending on testing conditions.
Adema Technologies will be spearheading its newest solar system project at Frito-Lay’s Casa Grande, Arizona, facility. The 5MW solar system will use Gloria Solar’s 225W and 230W solar modules. Frito-Lay purchased the first 1.7MW of the contract with its own funds.
Following the news at the close of last week that Spain was edging ever-closer to the threat of feed-in tariff cuts, the country's industry ministry has now announced that it plans to cut the subsidized electricity prices paid to new photovoltaic solar power plants by up to 45%.
