News

China Nuvo Solar Energy, Inc. has signed a letter of intent withPhotovoltaics, Inc. to purchase certain patents that had previouslybeen licensed to China Nuvo under a ten-year agreement.

Solaicx has officially opened its new monocrystalline silicon ingotsand wafer manufacturing plant in Portland, Oregon. The new plant has aninitial capacity of 32MW per annum with a projected capacity of 180MWof silicon ingots and wafers per annum.

A new PV cell start-up based in Italy, SOLSONICA S.p.A., hascommissioned M+W Zander Italia S.r. to convert part of an existing ICmemory module assembly plant owned by parent company EEMS S.p.A. into aPV cell manufacturing plant in Rieti, Italy.

HelioVolt has added two key executives to its Board of Directors,namely, E. Kenneth Pentimonti, Principal at Paladin Capital and RonaldD. Bernal (pictured), Partner at Sequel Venture Partners.  Both ofthese new Board members were recent contributors to HelioVolt’s recent$101 million fund.

Analog and mixed-signal semiconductor specialist Micrel Inc has saidthat it has signed a long-term, multimillion dollar contract with anunidentified customer to supply commercial concentrated solar cellsusing its existing semiconductor fab, based in San Jose, California.

China Sunergy is to supply Canadian Solar with a total volume of 25MWof solar cells for 2008. Under the Agreements, China Sunergy willsupply approximately 12MW and 13MW of solar cells to Canadian Solar inthe first and second half of the year respectively.

Family run and privately held Baccini S.p.A, a specialist equipment manufacturer in the field of crystalline silicon (c-Si) photovoltaic (PV) cells, has been acquired by Applied Materials for $330 million in cash. Baccini was founded in 1967 and is regarded as an innovator in automated material handling, especially in respect to ultra-thin solar wafers. The transaction is expected to close in early 2008, according to the companies.

Perfectenergy International Limited (OTCBulletinBoard: PFEN) has saidthat it has received significant land and tax concessions from theShanghai government to enable the construction of two new solar cellproduction facilities with 200MW of total new production capacity inthe Shanghai Zizhu Science-Based Industrial district of Shanghai, China.

OC Oerlikon Corporation’s CEO Dr. Uwe Krüger has committed tosignificantly growing its solar business instead of selling thebusiness in the near-term. With a reorganization, headed by recentlyappointed Jeannine Sargent as CEO of Oerlikon Solar, the company willescalate production capacities, increase research and developmentactivities and enter new business areas more quickly, with reportsclaiming that acquisitions would be made where necessary.

New thin-film solar enterprise, China Solar Power (Holdings) Ltd (CSP),in collaboration with Tano China Capital Management, Inc. (TCCMI), andTano China Private Equity Fund II (TCPEF II), has signed an agreementwith ULVAC, Inc. of Japan to establish two thin-film solarmanufacturing lines with an annual capacity of 50MW. ULVAC will supplythe turnkey lines as well as the tandem junction process technology.